31-29-7 - Bonds to be negotiable instruments; bonds and income tax exempt. - Mississippi Statutes

§ 31-29-7. Bonds to be negotiable instruments; bonds and income tax exempt.
 

All general obligation bonds of the State of Mississippi and interest coupons issued under the provisions of this chapter shall have and are hereby declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the State of Mississippi. Such bonds and the income therefrom shall be exempt from all taxation within the State of Mississippi. 
 

Sources: Laws,  1987, ch. 437, § 4, eff from and after passage (approved March 30, 1987).