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10-602. Assignments; release from registration. After the registration of any bond it shall be negotiable only by formal assignment before a notary public, identifying the bond assigned by the name of the municipality issuing the same, the number, date, amount, and said assignment shall be acknowledged the same as conveyances of real property. All assignments of bonds shall be forwarded to the state treasurer for endorsement on the state treasurer's records, which record shall set forth the name and address of the assignee, except when it is the desire of the registered owner to release the bond from registration and further assignment, in which case the bond shall be assigned to "bearer," and by the state treasurer so endorsed upon his or her records. The state treasurer shall have printed such forms as may be necessary for use in making such assignments which shall be delivered to persons desiring the same on request.

History: L. 1923, ch. 225, § 2; R.S. 1923; § 10-602; L. 1927, ch. 93, § 1; June 1.

CASE ANNOTATIONS

1. Word "negotiable" used herein construed to mean "transferable." Patterson v. Citizens Nat'l Bank, 143 Kan. 376, 381, 55 P.2d 352.

2. State treasurer not required to investigate authority of person to make assignment. Patterson v. Boyd, 144 Kan. 240, 243, 246, 58 P.2d 1069.


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