§ 50737 Bond Issuance And Registration

Key Takeaways

•Bonds can be issued as either coupon bonds or registered bonds.
•The board can allow swapping between coupon bonds and registered bonds.
•The board can decide how the bonds are registered, like just the main amount or both the main amount and the interest.

Example

Imagine you have a savings bond from your grandma. It might be a paper bond with coupons you tear off to get interest payments, or it might be registered in your name so the interest goes straight to your bank.

This law says the people in charge can choose how these bonds work. They can let you switch between the paper kind and the registered kind. They can also decide if just your name is on the bond or if your name and the interest details are both registered.

Bonds may be issued as coupon bonds or as registered bonds. The board may provide for the interchange of coupon bonds for registered bonds and registered bonds for coupon bonds, and may provide that the bonds shall be registered as to principal only, or as to both principal and interest, or otherwise as the board may determine. (Added by Stats. 1957, Ch. 2066.)

Key Takeaways

•Bonds can be issued as either coupon bonds or registered bonds.
•The board can allow swapping between coupon bonds and registered bonds.
•The board can decide how the bonds are registered, like just the main amount or both the main amount and the interest.

Key Takeaways

Example

Key Terms

References

§ 50737 Bond Issuance And Registration

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References