Ownership of bonds.
Wilmington City Code § 2-444
in effectSec. 2-444. - Ownership of bonds.
The city, the fiscal agent and any paying agent designated in any bond may treat the holder of any coupon bond if it shall not at the time be registered as to principal, the registered owner of any coupon bond if it shall at the time be so registered, the holder of any coupon appertaining to a coupon bond whether or not such coupon bond shall be so registered, and the registered owner of any fully registered bond, as the absolute owner of such bond or such coupon, as the case may be, for all purposes whether or not such bond or such coupon shall be overdue, and neither the city, the fiscal agent nor any paying agent shall be affected by any notice to the contrary. Any consent, waiver or other action taken by the holder of any bearer coupon bond or by the registered owner of any bond other than a bearer coupon bond pursuant to the provisions of this division shall be conclusive and binding upon such holder, his heirs, successors or assigns, and upon all transferees of such bond whether or not notation of such consent, waiver or other action shall have been made on such bond or on any bond issued in exchange therefor.
(Code 1968, § 30-95)
Source: City of Wilmington, Delaware, City Code, City Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/de/wilmington/codes/code_of_ordinances?nodeId=PTIIWICO_CH2AD_ARTVIFI_DIV7GEOBBO_S2-444OWBOFetched: 11/6/2026