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Statutes » New York » LFN Law » Article 2

N.Y. LFN Law § 71.00

This is the official text of N.Y. LFN Law § 71.00, part of New York’s LFN Law — part of the compiled statutory law of New York, published by the state as "LFN Law." Browse the sections below, each linked to its official government source.

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Conversion of coupon bonds into registered bonds

Official statutory text

§ 71.00 Conversion of coupon bonds into registered bonds. a. If a\ncoupon bond so provides, the holder thereof may present such bond to the\nregistration agent with a written request for its conversion into a\nregistered bond. The registration agent shall thereupon cut off and\ndestroy the coupons and endorse a certificate of such conversion upon\nthe bond.\n b. The certificate of conversion shall contain a statement, properly\ndated, of the amount and value of such coupons, and that the interest,\nat the rate and on the dates stated in the bond and as was provided by\nthe coupons, as well as the principal, is to be paid to the registered\nholder, his legal representatives, successors or transferees, at the\nplace or places stated in the bond and as was stated in the coupons,\nunless such place or places shall be changed with the written consent of\nthe holder.\n c. When the coupons have been cut off and destroyed, and a certificate\nof conversion has been properly endorsed upon the bond, such bond shall\nthen be registered as provided in section 75.00 of this chapter.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.