Colorado § 29-4-720 Validity of any pledge

Colorado Statutes

§ 29-4-720 — Validity of any pledge

Colorado·Title 29 Government·Art. Housing

Any pledge made by the authority shall be
valid and binding from the time when the pledge is made, and any assets or
revenues shall immediately be subject to the lien of such pledge without any
physical delivery thereof or further act, and the lien of any such pledge shall be
valid and binding as against all parties having claims of any kind in tort, contract, or
otherwise against the authority, irrespective of whether such parties have notice
thereof. Neither the resolution nor any other instrument by which a pledge is
created need be recorded. Nothing in this section shall be construed to prohibit the
board from selling any assets subject to any such pledge, except to the extent that
any such sale may be restricted by a trust agreement or resolution providing for the
issuance o

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Any pledge made by the authority shall be
valid and binding from the time when the pledge is made, and any assets or
revenues shall immediately be subject to the lien of such pledge without any
physical delivery thereof or further act, and the lien of any such pledge shall be
valid and binding as against all parties having claims of any kind in tort, contract, or
otherwise against the authority, irrespective of whether such parties have notice
thereof. Neither the resolution nor any other instrument by which a pledge is
created need be recorded. Nothing in this section shall be construed to prohibit the
board from selling any assets subject to any such pledge, except to the extent that
any such sale may be restricted by a trust agreement or resolution providing for the
issuance of such bonds.

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