§13-1-24. Legal status of bonds.
Bonds issued under this article, except to the extent that
their status shall be affected by registration made in pursuance
of this article, shall have all the qualities of negotiable paper
under the law merchant and shall not be invalid for any
irregularity or defect in the proceedings for the issuance
thereof, and shall be incontestable in the hands of bona fide
purchasers or holders thereof for value.