§ 23-99-13. Lien status — Recording.
Notwithstanding any provision of any other law, including the uniform commercial code:
(1) Any pledge or assignment of revenues of any kind, funds, property, or assets made
pursuant to the provisions of this chapter by the hub shall be valid and binding against
all parties having claims of any kind in tort, contract, or otherwise, whether or
not the parties have notice thereof, and shall be deemed continuously perfected from
the time it is made;
(2) The revenues, funds, property, or assets, rights therein and thereto and procee
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§ 23-99-13. Lien status — Recording.
Notwithstanding any provision of any other law, including the uniform commercial code:
(1) Any pledge or assignment of revenues of any kind, funds, property, or assets made
pursuant to the provisions of this chapter by the hub shall be valid and binding against
all parties having claims of any kind in tort, contract, or otherwise, whether or
not the parties have notice thereof, and shall be deemed continuously perfected from
the time it is made;
(2) The revenues, funds, property, or assets, rights therein and thereto and proceeds
so pledged and then held or thereafter acquired or received by the hub shall immediately
be subject to the lien of such pledge without any physical delivery or segregation
thereof or further act;
(3) No filing of any kind with respect to a pledge or assignment need be made under the
uniform commercial code, as amended, or otherwise; and
(4) For the purposes of this section, the word "pledge� shall be construed to include
the grant of a security interest under the uniform commercial code.