All refunding 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 refunding bonds issued under this chapter.
Structure Mississippi Code
Title 31 - Public Business, Bonds and Obligations
Chapter 27 - Mississippi Bond Refinancing Act
§ 31-27-5. Legislative intent; construction
§ 31-27-7. Issuance of refunding bonds
§ 31-27-9. Escrow account; banking corporation as trustee for bondholders
§ 31-27-11. Security for refunding bonds
§ 31-27-13. Amount of refunding bonds authorized to be issued
§ 31-27-15. Sale of refunding bonds and disposition of proceeds
§ 31-27-17. Refinancing of outstanding bonds by issuance of refunding bonds
§ 31-27-19. Negotiability of refunding bonds