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Code · New Jersey · Title 58 — Insurance · Chapter 5

58:5-47. Negotiability of bonds

97 words·~1 min read·/nj/title-58/chapter-5/58-5-47

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Any provision of any law to the contrary notwithstanding, any bond or other obligation issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the negotiable instruments law of the State, and each holder or owner of such a bond or obligation, or of any coupon appurtenant thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond, obligation or coupon is and shall be fully negotiable within the meaning and for all purposes of said negotiable instruments law.
L.1962, c. 167, s. 17.
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