California Statutes
§ 94195. — 94195. (Amended by Stats. 2022, Ch. 572, Sec. 30.)
California·Code EDC Education Code - EDC·Div. 10.·Title 3. DIVISION 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS·Part 59. PART 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS·Ch. 2. CHAPTER 2. California Educational Facilities Authority Act·Art. 7. ARTICLE 7. Construction of Facilities
Any pledge of moneys, earnings, income, or revenues authorized with respect to participating private colleges, participating nonprofit entities, or university applicants, pursuant to this chapter, shall be valid and binding from the time when the pledge is made. The moneys, earnings, income, or revenues so pledged and thereafter received by the pledgor shall immediately be subject to the lien of that pledge without any physical delivery thereof or further act. The lien of that pledge shall be valid
and binding as against all parties having claims of any kind in tort, contract, or otherwise against the pledgor irrespective of whether the parties have notice thereof. No instrument by which a pledge is created need be filed or recorded in any manner.
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California § 94195. (94195. (Amended by Stats. 2022, Ch. 572, Sec. 30.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2022, Ch. 572, Sec. 30. (AB 190) Effective September 27, 2022.