72-11-110 - Bonds -- Negotiability -- Tax exemption except corporate franchise tax.
72-11-110. Bonds -- Negotiability -- Tax exemption except corporate franchise tax.
All bonds issued under the provisions of this chapter are negotiable instruments exceptwhen registered in the name of a registered owner and all the bonds, and the interest or incometherefrom, are exempt from all taxation in the state, except for the corporate franchise tax.
Renumbered and Amended by Chapter 270, 1998 General Session