New Mexico § 58-23-22 Council; pledge; recording of lien not required

New Mexico Statutes

§ 58-23-22 — Council; pledge; recording of lien not required

New Mexico·Ch. 58 Financial Institutions and Regulations·Art. 23 Hospital Equipment Loans

Any pledge made by the council shall be valid and binding from the time when the pledge is made. The revenue, money or properties pledged and later received by the council shall immediately be subject to the lien of such pledge without any further act, and the lien of any such pledge is valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the program, irrespective of whether the parties have notice thereof.

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Any pledge made by the council shall be valid and binding from the time when the pledge is made. The revenue, money or properties pledged and later received by the council shall immediately be subject to the lien of such pledge without any further act, and the lien of any such pledge is valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the program, irrespective of whether the parties have notice thereof.

New Mexico § 58-23-22 (Council; pledge; recording of lien not required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.