Local Finance Law § 55.10 · Title 4. Local Obligations: Terms, Form and Contents Thereof; Sale and Issuance Thereof
Endorsements of principal payments on bonds and notes
Verbatim from the official edition
Text — Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
§ 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.
Source of truth
- Edition
- Law content up to date as of September 4, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/LFN55.10
- Text hash
- sha256 8feb98f03ae43dd30333b2e683d65658601f89af7c4f5aada4770754a25a0bd1
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.