(a) The state pledges to and agrees with any lender to the bank that the state will not limit or alter the rights and powers given to the bank by this chapter to fulfill the terms of a contract made by the bank with the lender to the bank, or in any way impair the rights and remedies of the lender to the bank. The bank is authorized to include this pledge and agreement of the state in a contract with any lender to the bank.
(b) The pledge of the state is limited to the express provisions of (a) of this section and is not a guarantee, surety, promise, undertaking, or assurance of repayment or performance of any obligation of the bank.
Section: Previous 44.81.050 44.81.051 44.81.060 44.81.061 44.81.070 44.81.080 44.81.090 44.81.101 44.81.110 44.81.120 44.81.160 44.81.170 44.81.190 44.81.200 44.81.210 NextLast modified: November 15, 2016