66.181 Registration of coupon bonds -- Transfers.

122 words·~1 min read·/ky/chapter-66/66-181

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

(1)An issuer may register any coupon bond registrable as to principal upon the request

of the owner or holder. Thereafter, no transfer shall be valid unless the transfer is

entered on the records of the issuer and similarly noted on the bond, and the bond

may be discharged from registration by being in like manner transferred to bearer

and thereupon the bond may be transferred by delivery.

(2)Registration of a coupon bond as to principal does not affect the negotiability of the

appertaining coupons. A negotiable coupon is transferable by delivery whether or

not the principal of the bond to which it appertains is registered.

(3)A reasonable fee may be charged as compensation for the expense of this

registration.