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Current as of January 01, 2025 | Updated by Findlaw Staff
All bonds issued under the provisions of this part, regardless of form or terms, are hereby declared to have all the qualities and incidents, including negotiability, of investment securities under the Uniform Commercial Code of the state. Compliance with the provisions of the code respecting the filing of a financing statement to perfect a security interest shall not be deemed necessary for perfecting any security interest granted by a local agency in connection with the issuance of any such bonds; nevertheless, and notwithstanding s. 679.1091(4)(n), financing statements with respect to such security interests may be filed pursuant to the applicable provisions of the code to further evidence the grant and perfection of such security interests.
Cite this article: FindLaw.com - Florida Statutes Title XI. County Organization and Intergovernmental Relations § 159.39. Negotiability of bonds - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xi-county-organization-and-intergovernmental-relations/fl-st-sect-159-39/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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