Title 46, Chapter 5, Section 104
( 46-5-104)
Chapter 5 of Title 10 shall not apply to any note, bond, or other
evidence of indebtedness issued to the United States government or
any agency or instrumentality thereof by any cooperative or foreign
corporation doing business in this state pursuant to this part; nor
shall Chapter 5 of Title 10 apply to any mortgage, deed of trust, or
other instrument executed to secure the same. Chapter 5 of Title 10
also shall not apply to the issuance of membership certificates,
shares of stock, or any other evidence of member, shareholder, or
patron interest by any cooperative or any such foreign corporation. |