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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 11a:
Section: 40:11a-11: Bonds; validity
In case of any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. All bonds issued under the provisions of this act are hereby made and declared to be negotiable instruments under the negotiable instruments law of this State. (Subtitle 1 of Title 7 of the Revised Statutes.)
L.1948, c. 198, p. 985, s. 11. Amended by L.1954, c. 138, p. 630, s. 9.
This section added to the Rutgers Database: 2012-09-26 13:37:51.
Older versions of 40:11a-11 (if available):
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