§ 4-303. Execution of bonds
West's Annotated Code of MarylandTransportation
MD Code, Transportation, § 4-303
§ 4-303. Execution of bonds
(a)(1) Revenue bonds issued under this subtitle shall be executed on behalf of the Authority by the manual signature of at least one authorized individual.
(b) If an individual whose manual or facsimile signature appears on any bond or coupon issued under this subtitle ceases to serve in an authorized capacity before the delivery of the bond, the signature nevertheless is as valid and sufficient for all purposes as if the individual had remained in that capacity until delivery of the bond.
Credits
Added by Acts 1977, c. 13, § 2, eff. July 1, 1977.
Formerly Art. 94A, §§ 12, 13.
MD Code, Transportation, § 4-303, MD TRANS § 4-303
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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