Section 35-13-4. – Systems of registration.
§ 35-13-4. Systems of registration. (a) Each issuer is authorized to establish and maintain a system of registration with respect to each obligation which it issues. The system may be a system pursuant to which (1) only certificated registered public obligations are issued; (2) only uncertificated registered public obligations are issued; or (3) both certificated […]
Section 35-13-5. – Execution of certificated registered public obligation.
§ 35-13-5. Execution of certificated registered public obligation. (a) A certificated registered public obligation shall be executed by the issuer, by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer. (b) In addition to the […]
Section 35-13-6. – Signatures.
§ 35-13-6. Signatures. (a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of the officers shall have ceased to fill their respective offices. (b) Any authorized officer empowered to sign any certificated […]
Section 35-13-7. – Seal.
§ 35-13-7. Seal. When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile on the obligation. The facsimile seal has the same legal effect as the impression of the seal. History of […]
Section 35-13-8. – Agents — Depositories.
§ 35-13-8. Agents — Depositories. (a) An issuer may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, or paying or other agents and specify the terms of their appointment, including their rights, compensation and duties, […]
Section 35-13-9. – Costs — Collection.
§ 35-13-9. Costs — Collection. (a) An issuer, prior to or at original issuance of registered public obligations, may provide as a part of a system of registration that the transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system as a condition precedent to […]
Section 35-13-10. – Security for deposits.
§ 35-13-10. Security for deposits. Obligations issued by public entities under the laws of one or more states, territories, possessions, or the District of Columbia, which are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with regard to security for deposits of moneys of […]
Section 35-13-11. – Public records — Locations.
§ 35-13-11. Public records — Locations. (a) Records, with regard to the ownership of or security interests in registered public obligations, are not subject to inspection or copying under any law of this state relating to the right of the public to inspect or copy public records, notwithstanding any law to the contrary. (b) Registration […]
Section 35-13-2. – Definitions.
§ 35-13-2. Definitions. As used in this chapter, the following terms have the following meanings, unless the context otherwise requires: (1) “Authorized officer” means any individual required or permitted, alone or with others, by any provision of law, or by the issuing public entity, to execute on behalf of the public entity a certificated registered […]
Section 35-13-3. – Purpose.
§ 35-13-3. Purpose. (a) The code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of obligations in registered form. It is a purpose […]