Connecticut Law
Title 42b Registered Obligations Of Public Entities


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Connecticut Laws | Title 42b Registered Obligations Of Public Entities

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CHAPTER 748 REGISTERED PUBLIC OBLIGATIONS

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Sec. 42b-1. Definitions.

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Sec. 42b-2. Public entities empowered to establish system for issuance of registered obligations. Interest on certain unregistered public obligations not exempt from federal tax.

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Sec. 42b-3. Public entities authorized to establish system of registered obligations notwithstanding state or local laws. System may provide for certificated or uncertificated obligations or both.

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Sec. 42b-4. Execution of certificated registered public obligations and writings related to uncertificated registered public obligations.

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Sec. 42b-5. Signature of authorized officer on certificates. Continuing validity.

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Sec. 42b-6. When seal is required on certificate a facsimile seal allowed with same legal effect.

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Sec. 42b-7. Appointment by issuer of authenticity agents, transfer agents, registrars and other agents. Establishment of depository system for transfer of registered public obligations.

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Sec. 42b-8. Costs of maintaining system of registration. Issuer may provide for its liability through agreements with others.

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Sec. 42b-9. Obligations in registered form deemed to satisfy requirements as security for deposits required of public agencies.

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Sec. 42b-10. Records of ownership of or security interests in registered public obligations not subject to inspection under freedom of information laws.

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Sec. 42b-11. Effect of this chapter with respect to registered public obligations issued on or after July 7, 1983.

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Sec. 42b-12. This chapter to be construed in conjunction with the Uniform Commercial Code.

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Sec. 42b-13. State covenant not to amend this chapter in any manner impairing federal income tax exemption for interest on registered public obligations.

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Sec. 42b-14. Severability clause.

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Sec. 42b-15. Bonds or other obligations issued by public entity may be consolidated in single issue if all have the same security.

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