As Amended
SEC. 57-10-425. Purchase of bonds by corporation. [Repealed effective October 1, 2005].
The corporation, subject to the provisions in proceedings relating to outstanding bonds as may then exist, may purchase bonds out of any funds available therefor, which shall thereupon be canceled, at any reasonable price which, if the bonds are then redeemable, shall not exceed the redemption price (and premium, if any) then applicable plus accrued interest to the redemption date thereof.
SOURCES: Laws, 1993, ch. 565, § 13; reenacted without change, Laws, 1997, ch. 576, § 13; reenacted without change, Laws, 2000, ch. 425, § 13; reenacted without change, Laws, 2001, ch. 337, § 13, HB 781, eff from and after passage (approved Mar. 6, 2001.)
PREVIOUS VERSIONS: Pre-2001