23-665.05. Lien of pledge
(Rpld. 1/1/16)
A. A pledge made under this article in connection with the notes is valid and binding from the time when the pledge is made.
B. The monies deposited in the note debt service fund are immediately subject to the lien of the pledge without any future physical delivery or further act. Any lien of any pledge is valid and binding against all parties that have claims of any kind against this state, regardless of whether the parties have notice of the lien. The official instrument by which a pledge is created, when adopted by the director, is notice to all concerned of the creation of the pledge, and the instrument need not be recorded in any other place to perfect the pledge.
Section: Previous 23-656 23-657 23-665 23-665.01 23-665.02 23-665.03 23-665.04 23-665.05 23-665.06 23-665.07 23-665.08 23-665.09 23-665.10 23-665.11 23-665.12 NextLast modified: October 13, 2016