All notes sold and issued under Sections 31-17-151 through 31-17-181 shall be fully negotiable in accordance with their terms and shall be "securities" within the meaning of Article 8 of the Uniform Commercial Code, subject to the provisions of such notes pertaining to registration. It shall not be necessary to file financing statements or continuation statements to protect the lien and pledge granted by the state to the holders of any notes issued under Sections 31-17-151 through 31-17-181.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 17 - State Bonds; Retirement of Bonds
Temporary Borrowings in Anticipation of Issuance of State-Supported Debt
§ 31-17-155. Temporary borrowings to be evidenced by notes; security
§ 31-17-157. Issuance of replacement notes
§ 31-17-159. Payment of principal and interest
§ 31-17-161. Funding and retirement of temporary borrowings
§ 31-17-163. Proceeds of temporary borrowings paid to State Treasurer
§ 31-17-165. Powers and authority of commission
§ 31-17-167. Purpose of Sections 31-17-151 through 31-17-181
§ 31-17-169. Full and complete authority for all temporary borrowings
§ 31-17-177. Notes and income therefrom exempt from state taxation