331.78 Bonds or notes; negotiability.
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331.78 Bonds or notes; negotiability.
Sec. 48.
Whether or not the notes or bonds are of such form or character as to be negotiable instruments under the uniform commercial code, the notes or bonds authorized to be issued by this act are negotiable instruments within the meaning of and for all the purposes of the uniform commercial code, subject only to the provisions of the notes or bonds for registration.
History: 1969, Act 38, Imd. Eff. July 14, 1969