15.2-5420 - Status of bonds under Uniform Commercial Code. - Virginia Statutes

§ 15.2-5420. Status of bonds under Uniform Commercial Code.

Notwithstanding any of the provisions of this chapter or any recitals in anybonds issued under this chapter, all such bonds shall be deemed to beinvestment securities under the Uniform Commercial Code as enacted in thisCommonwealth, subject only to the provisions of the bonds pertaining toregistration.

(1979, c. 416, § 15.1-1623; 1997, c. 587.)