All variable rate bonds issued under this chapter 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 bonds pertaining to registration.It shall not be necessary to file financing statements or continuation statements to protect the lien and pledge granted by a governmental unit to the holders of any variable rate bonds issued under this chapter.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 18 - Variable Rate Debt Instruments
§ 31-18-9. Commission's power of state-supported debt
§ 31-18-11. Interest rate exchange or similar agreements; limitations
§ 31-18-15. Debt obligation or related instrument
§ 31-18-17. Excercise of power
§ 31-18-19. Issuance of variable rate bonds
§ 31-18-21. Provisions of issuance; variable rate bonds
§ 31-18-23. Sections, clauses, or sentences questioned or adjudged unconstitutional