§ 161.00 Negotiability of obligations. All bonds and notes of a
municipality, school district or district corporation, including notes
issued by a city school district pursuant to section 26.00 of this
chapter, whether payable to bearer or in registered form, shall be
negotiable instruments within the meaning of article eight of the
uniform commercial code, except that such bonds or notes which have been
registered shall be transferred only in the manner provided in paragraph
b of section 75.00 of this chapter.