Home Table of Contents

§ 9-935. Interim, temporary or replacement documents

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 9. Water, Ice, & Sanitary Facilities (Refs & Annos)
Subtitle 9. Water and Sewer Authorities
Part IV. Bonds of Authorities
MD Code, Environment, § 9-935
§ 9-935. Interim, temporary or replacement documents
Currentness
Interim receipts or temporary bonds
(a)(1) Before the preparation of definitive bonds, an authority may issue interim receipts or temporary bonds with or without coupons.
(2) Issuance of interim receipts or temporary bonds is subject to the restrictions that govern the issuance of definitive bonds.
Definitive bonds
(b) Interim receipts or temporary bonds are exchangeable for definitive bonds when the definitive bonds are executed and available for delivery.
Replacement of any bond
(c) An authority may provide for the replacement of any bond that is lost, destroyed, or mutilated.

Credits

Added by Acts 1985, c. 173, § 2.
MD Code, Environment, § 9-935, MD ENVIR § 9-935
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.
End of Document