66.171 Register of fully-registered bonds -- Payment of debt charges -- Transfers or

142 words·~1 min read·/ky/66-171

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

exchanges.

(1)An issuer shall keep or cause to be kept a register for the purpose of effecting the

exchange, transfer, and payment of fully-registered bonds, which shall show the

date, series, denomination, and owner of the fully-registered bonds and, if

applicable, the number and series of the coupon bonds for which they were

exchanged.

(2)An issuer shall pay or cause to be paid the debt charges on fully-registered bonds

only to or on the order of the person appearing by the register to be the owner of the

bonds, unless otherwise provided in an applicable credit enhancement facility.

(3)Subject to any applicable provisions of the proceedings, registered bonds may be

transferred or exchanged on the register by the registered owner in person or by a

person authorized by the registered owner to do so by a power of attorney.