Michigan Compiled Laws § 390.931 Bonds; Negotiability; Tax Exemption.

390.931 Bonds; negotiability; tax exemption.

Sec. 11.

Bonds issued under this act shall be fully negotiable under the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, and the bonds and the interest thereon are exempt from all taxation by this state or any of its political subdivisions.

History: 1969, Act 295, Imd. Eff. Aug. 11, 1969 ;-- Am. 2000, Act 356, Eff. Mar. 28, 2001

Section: Previous  390.922  390.923  390.924  390.925  390.925a  390.926  390.927  390.928  390.929  390.930  390.931  390.932  390.933  390.934    Next

Last modified: October 10, 2016