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NEW YORK STATUTES AND CODES

55.10 - Endorsements of principal payments on bonds and notes.

§ 55.10 Endorsements of principal payments on bonds and notes. A bond or note shall not provide for the notation of payments of principal thereon. Only one bond or note shall be set forth in a single instrument and such bond or note, when paid, shall be surrendered for cancellation or destruction in the manner provided in this chapter.

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