63B-11-113 — Certification of satisfaction of conditions precedent -- Conclusiveness.

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     63B-11-113.   Certification of satisfaction of conditions precedent -- Conclusiveness.
     (1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied.
     (2) A recital on any bond of this finding and certification conclusively establishes the completion and satisfaction of all conditions precedent.

Enacted by Chapter 199, 2002 General Session