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§ 2.51.120 — Bonds—Negotiability

Riverside Municipal Code (Supp. No. 33: codified through Ordinance No. 7776, enacted June 23, 2026) · Riverside Municipal Code § 2.51.120

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2.51.120 - Bonds—Negotiability.

Any provision of any law to the contrary notwithstanding, any bond issued pursuant to this chapter shall be fully negotiable within the meaning and for all purposes of the California Commercial Code, and each holder or owner of such a bond, or of any coupon appertaining thereto, by accepting such bond or coupon shall be conclusively deemed to have agreed that such bond or coupon is and shall be fully negotiable within the meaning and for all purposes of said commercial law.

(Ord. 4976 § 3(e), 1981)