Mich. Comp. Laws § 254.364

Current through Public Act 122 of the 2024 Legislative Session

Section 254.364 - Refunding bonds; negotiability and tax exemption

Refunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein.

MCL 254.364

1966, Act 13, Imd. Eff. 4/6/1966 .