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Mass. Gen. Laws ch. 40N, § 17

Bonds deemed to be investment securities

Known as the Model Water and Sewer Reorganization Act

The act spans §§ 40–40 (27 sections).

Notwithstanding any of the provisions of this chapter or any recitals in any bonds issued under this chapter, all such bonds shall be deemed to be investment securities under chapter one hundred and six.

Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.