§ 337.11. Original issue and conversions.
48 words·~1 min read·
/us/cfr/t31/s§ 337.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon implementation of the book-entry debenture system, to be announced in advance by separate public notice, all new debentures will be issued only in book-entry form in the exact amount payable to the owner. Once issued in book-entry form, a debenture may not be converted to certificated form.