19-29-37 - Bonds to be legal investments and negotiable instruments. - Mississippi Statutes

§ 19-29-37. Bonds to be legal investments and negotiable instruments.
 

The bonds issued under the provisions of this chapter shall be legal investments for the state, municipal corporations, political subdivisions, public bodies, commercial banks, savings and loan associations and insurance companies organized under the laws of this state. 
 

All bonds and appurtenant coupons issued pursuant to this chapter shall be negotiable instruments within the meaning of the Uniform Commercial Code of the State of Mississippi. 
 

Sources: Laws,  1980, ch. 544, § 19, eff from and after July 1, 1980.