Sec. 17.
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.
History: 1974, Act 370, Imd. Eff. Dec. 23, 1974 ;-- Am. 2000, Act 349, Eff. Mar. 28, 2001
Structure Michigan Compiled Laws
Chapter 35 - Veterans and Members of Armed Forces
Act 370 of 1974 - Vietnam Veteran Era Bonus Act (35.1021 - 35.1038)
Section 35.1021 - Short Title.
Section 35.1022 - Definitions.
Section 35.1023 - Service Bonus for Combat Veterans and Veterans; Amount.
Section 35.1024 - Bonus as Both Veteran and Combat Veteran Prohibited.
Section 35.1028 - Expenses of Administration; Appropriation.
Section 35.1029 - Wilful False Statement; Penalty.
Section 35.1030 - Payments Deemed Gifts or Gratuities.
Section 35.1031 - Time Limitation on Application for Benefits; Exception.
Section 35.1032 - Person Not Disqualified by Eligibility or Application for Other Benefits.
Section 35.1033 - Federal Financial Aid or Other Assistance.