Section 501 – Creation and perfection of government security interests.
Effective 5/12/2020 11-14-501. Creation and perfection of government security interests. (1) As used in this section: (a) “Bonds” means any bond, note, lease, or other obligation of a governmental unit. (b) (i) “General obligation bond” means a bond, note, warrant, certificate of indebtedness, or other obligation of a local political subdivision that: (A) is payable […]