The definition of bond and its legal nature

The legislation of RA doesn’t not clearly settle the legal nature of the rights from bonds and the applicable law to the relations emerging from bonds. The author of the article discusses the definition of a bond, stresses that in addition to property rights the bond may also enable non-property rights. The relationships emerging from bonds are loan relationships by their nature and the author suggests that the relationships between the bondholder and the issuer should be regulated by the rules of the loan if other special regulation is not settled for bonds by law or by the conditions of bond issuance.

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