Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - LOCAL FINANCEArticle 2 - LOCAL INDEBTEDNESS
Title 4 - LOCAL OBLIGATIONS: TERMS, FORM AND CONTENTS THEREOF; SALE AND ISSUANCE THEREOF
Section 55.10 - Endorsements of principal payments on bonds and notes

N.Y. Local Fin. Law § 55.10

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Current through 2024 NY Law Chapter 679
Section 55.10 - Endorsements of principal payments on bonds and notes

A bond or note shall not provide for the notation of payments of principal thereon. Only one bond or note shall be set forth in a single instrument and such bond or note, when paid, shall be surrendered for cancellation or destruction in the manner provided in this chapter.

N.Y. Local Fin. Law § 55.10