Utah Code 72-11-110. Bonds — Negotiability — Tax exemption except corporate franchise tax
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Terms Used In Utah Code 72-11-110
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
All bonds issued under the provisions of this chapter are negotiable instruments except when registered in the name of a registered owner and all the bonds, and the interest or income therefrom, are exempt from all taxation in the state, except for the corporate franchise tax.