52-1801: Making bonds nonnegotiable.
The owner or holder of any corporate or municipal bond or obligation,
except those which are designated to circulate
as money, payable to bearer, issued in and payable in this state, but not
registered in pursuance of any state law, may make such bond or obligation,
or any interest coupon accompanying the same, nonnegotiable, by subscribing
the owner's or holder's name to a statement endorsed
thereon, that such bond, obligation or
coupon is such person's property; and thereon the principal
sum therein mentioned
is payable only to such owner or holder, or the legal
representatives or
assigns of such person, unless such bond, obligation or coupon
is transferred by
endorsement in blank, or payable to bearer, or to order, with the addition
of the assignor's place of residence.
History: L. 1905, ch. 310, § 197; R.S. 1923, 52-1801; L. 1983,
ch. 49, § 84; May 12.