65-39-11 - Bonds and coupons are negotiable instruments.
§ 65-39-11. Bonds and coupons are negotiable instruments.
All bonds and interest coupons issued under the provisions of Sections 65-39-5 through 65-39-33 have all the qualities and incidents of negotiable instruments under the provisions of the Mississippi Uniform Commercial Code, and in exercising the powers granted by Sections 65-39-5 through 65-39-33, the State Bond Commission shall not be required to and need not comply with the provisions of the Mississippi Uniform Commercial Code.
Sources: Laws, 1994, ch. 557, § 26, eff from and after passage (approved April 5, 1994).