N.Y. Transportation Law Section 56
Negotiability of bonds


Whether or not any bonds, interim certificates or other obligations of the Utica transit authority issued pursuant to this article are of such form and character as to be negotiable instruments under article eight of the uniform commercial code, such bonds, interim certificates or other obligations shall be and are hereby made negotiable instruments within the meaning of and for all the purposes of article eight of the uniform commercial code, unless such bonds, interim certificates or other obligations expressly provide otherwise.

Source: Section 56 — Negotiability of bonds, https://www.­nysenate.­gov/legislation/laws/TRA/56 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 56’s source at nysenate​.gov

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