Encyclopedia

Issuer of government (municipal) securities


The issuer of government (municipal) securities is the respective executive bodies of state authority and local administrations, which issue securities on behalf of a public-law entity and bear obligations to holders of securities regarding the implementation of rights established by such securities1.

  1. Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 121.1, paragraph 4 // RSZ RF. 1998. No. 31. Art. 3823. ↩

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Codes and federal laws