Section 77-5-241 - Interest rates

Any note, bond, or other indebtedness issued by a corporation may bear such interest rate or rates as may be determined by the board of directors of the corporation.Codes, 1942, § 5477.5; Laws, 1970, ch. 423, § 3, eff. 3/26/1970.Amended by Laws, 2016, ch. 387, HB 1139, 16, eff. 7/1/2016.