There is a newer version
of
this Section
2019 Vermont Statutes
Title 24 - Municipal and County Government
Chapter 119 - Municipal Bond Bank
§ 4708 Pledge of revenues; lien thereof
Universal Citation: 24 V.S.A. § 4708
§ 4708. Pledge of revenues; lien thereof
Any pledge of revenues or other monies made by the Bank is binding from the time when the pledge is made. Revenues or other monies so pledged and thereafter received by the Bank shall immediately be subject to the lien of the pledge without any physical delivery thereof or further act, and the lien of any pledge is binding against all parties having claims of any kind in tort, contract, or otherwise against the Bank, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be filed or recorded except in the records of the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
