Michigan § 35.1037 - Bonds; negotiable; tax exempt.
Full text of Michigan Michigan Compiled Laws § 35.1037 — Bonds; negotiable; tax exempt., with citation guidance and answers to common questions.
§ 35.1037. Bonds; negotiable; tax exempt.
Bonds 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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 35.1037
What does Michigan Compiled Laws § 35.1037 cover?
Section 35.1037 ("Bonds; negotiable; tax exempt.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 35.1037?
A common citation format is "Michigan Compiled Laws § 35.1037" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 35.1037 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.