§ 92475 Bond Issuance And Registration

Key Takeaways

•Bonds can be issued as either coupon bonds or registered bonds.
•The regents can allow switching between coupon bonds and registered bonds.
•The regents can decide how the bonds are registered, like just the main amount or both the main amount and the interest.

Example

Imagine you have a savings bond from your grandma. It might be a paper bond with coupons you tear off to get interest payments, or it might be registered in your name so the interest goes straight to your bank.

This law says the people in charge (the regents) can decide if bonds are like the paper kind with coupons or the kind that’s registered in your name. They can also let you switch between these types if you want.

Bonds may be issued as coupon bonds or as registered bonds. The regents may provide for the interchange of coupon bonds for registered bonds and registered bonds for coupon bonds, and may provide that the bonds shall be registered as to principal only, or as to both principal and interest, or otherwise as the regents may determine. (Enacted by Stats. 1976, Ch. 1010.)

Key Takeaways

•Bonds can be issued as either coupon bonds or registered bonds.
•The regents can allow switching between coupon bonds and registered bonds.
•The regents can decide how the bonds are registered, like just the main amount or both the main amount and the interest.

Key Takeaways

Example

Key Terms

References

§ 92475 Bond Issuance And Registration

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References