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2017 Utah Code
Title 53B - State System of Higher Education
Chapter 13 - Higher Education Loan Act
Section 113 - Bond approval by attorney general incontestable after 30 days -- Recital of certification.
Universal Citation: UT Code § 53B-13-113 (2017)
53B-13-113. Bond approval by attorney general incontestable after 30 days -- Recital of certification.
Enacted by Chapter 167, 1987 General Session
- (1) The attorney general shall examine the resolutions and proceedings authorizing the issuance and confirming the sale of bonds under this chapter.
- (2) Once examined and certified as legal obligations by the attorney general, the bonds become incontestable in any court in the state unless suit is brought in a court having jurisdiction within 30 days from the date of certification.
- (3) The bonds certified under this section shall contain a recital on their face as follows: "This bond is one of a series of bonds which were certified as legal obligations by the Attorney General of the state of Utah on _______________."
- (4) Bonds authorized, issued, and sold under resolutions and proceedings certified by the attorney general are valid and binding obligations according to their terms.
Enacted by Chapter 167, 1987 General Session
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