Illinois Statutes
§ 1E-110
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1E - Downstate School Finance Authority
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-110. Statutory lien. Any pledge, assignment, lien, or security interest for the benefit of the holders of Bonds or bond anticipation notes, if any, created pursuant to this Article are valid and binding from the time the Bonds are issued, without any physical delivery or further act, and are valid and binding as against and prior to any claims of all other parties having claims of any kind in tort, contract, or otherwise against the State, the Authority, the district, or any other person, irrespective of whether the other parties have notice.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 1E-110 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 5/1E-165
Illinois 105 § 5/1E-165
Legislative History
(Source: P.A. 92-547, eff. 6-13-02 .)