Mich. Comp. Laws § 324.19604

Current through Public Act 156 of the 2024 Legislative Session

Section 324.19604 - Bonds as negotiable and exempt from taxation

The bonds shall be fully negotiable under the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102. The bonds and the interest on the bonds shall be exempt from all taxation by the state or any political subdivision of the state.

MCL 324.19604

Add. 1998, Act 288, Eff. 12/1/1998.