348.170. Bonds and notes of authority deemed negotiable instruments, subject to registration. — 1. Whether or not the notes and bonds are of such form and character as to be negotiable instruments under the terms of the Missouri uniform commercial code, the notes and bonds are hereby made negotiable instruments within the meaning of and for all the purposes of the Missouri uniform commercial code, subject only to the provisions contained in such notes and bonds for registration.
2. Bonds issued by the authority shall be deemed to be securities issued by a public instrumentality and body corporate.
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(L. 1981 H.B. 681 §§ 36, 37)
---- end of effective 28 Aug 1981 ----
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