Code of Virginia § 15.2-5420. Status of bonds under Uniform Commercial Code.
57 words·~1 min read·
/va/title-15-2/chapter-54/15-2-5420·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any of the provisions of this chapter or any recitals in any bonds issued under this chapter, all such bonds shall be deemed to be investment securities under the Uniform Commercial Code as enacted in this Commonwealth, subject only to the provisions of the bonds pertaining to registration.
1979, c. 416, § 15.1-1623; 1997, c. 587.