NY Loc Fin L § 75.00 (2021)
2021 New York Laws LFN - Local Finance Article 2 - Local Indebtedness Title 5 - Local Obligations: Registration, Conversion and Reconversion Thereof 75.00 - Registration of Obligations.

§  75.00 Registration of obligations.  a. A coupon bond which has been   converted into registered form in the manner provided in  section  71.00   of  this  chapter  and,  at  the  request of the owner, a bond issued in   registered form or a note issued in registered form  or  which  provides   that it may be registered, shall be registered in the name of the owner,   or  a  nominee,  as to both principal and interest and not otherwise, in   suitable books kept for such purpose in the office of the fiscal  agent,   and  a  certificate of such registration shall be endorsed upon the bond   or note by such fiscal agent.b. A bond or note which has been so registered shall  be  transferable   upon  presentation  to the fiscal agent with a written transfer of title   of the registered owner. Such transfer shall be  dated,  and  signed  by   such registered owner, or his legal representatives. Such transfer shall   be  duly  acknowledged  or  proved,  or in the alternative the signature   thereto shall be certified as to its genuineness by an officer of a bank   or trust company located and authorized to do business  in  this  state.   The  name  of  the  transferee shall be entered in the books kept by the   fiscal agent and a certificate of such registration  shall  be  endorsed   upon the bond or note so transferred, in the same manner as the original   registration.  However,  instead of transferring obligations as provided   above in this paragraph, a municipality,  school  district  or  district   corporation  may issue new registered obligations in place of the old in   accordance with regulations prescribed by the  state  comptroller  by  a   rule  or order to be filed in his office and such other office as he may   designate.c. No interest shall be paid on a bond or note  issued  in  registered   form until the name of the payee has been inserted therein and such bond   or note has been registered as provided in paragraph a of this section.d.  The  principal  of,  redemption premium, if any, and interest on a   bond or note which has been registered shall  be  payable  only  to  the   registered owner, his legal representatives, successors or transferees.e.  As  an  alternative to the procedures for transfer of registration   otherwise  set  forth  in  this  section,  the  finance   board   of   a   municipality,  school  district or district corporation, or, in the case   of the city of New York, the chief fiscal officer thereof,  may  provide   for  the  transfer  of  registration of obligations by book entry on the   records of the fiscal agent or other entity designated for such  purpose   and  may enter into such contractual arrangements as may be necessary to   accomplish such purposes. In the event a book entry method  of  transfer   is  used,  principal of, redemption premium, if any, and interest on the   obligations shall be payable to  the  registered  owner  shown  in  book   entry, his legal representatives, successors or transferees.