1087. If a bond is registered in the name of a person under the Act respecting municipal and school debts and loans (chapter D-7), it may be transferred only if the registration is corrected to mention the name of the transferee or to indicate that the bond is payable to bearer.
That condition is added to the transfer procedure mentioned in article 1086.
M.C. 1916, a. 779; 1983, c. 57, s. 33.