{"data":{"id":"us-mi/mich.-comp.-laws-390.931","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.931","heading":"Bonds; negotiability; tax exemption.","body":"Sec. 11.\n\nBonds issued under this act shall be fully negotiable under the uniform commercial code, 1962 PA 174, MCL 440.1101 to 440.11102, and the bonds and the interest thereon are exempt from all taxation by this state or any of its political subdivisions.","path":["MI Code","Chapter 390","Act Act-295-of-1969"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-931","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d704415cfc71d72cccc12506336deddd012d286b6e921b61da598423871873c2","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.930","next":"us-mi/mich.-comp.-laws-390.932"},"notice":"GroundRules: Original legal text. Not legal advice."}