Washington Statutes
§ 53.40.120 — Irregularity in bonds or use of funds no defense.
Washington § 53.40.120
This text of Washington § 53.40.120 (Irregularity in bonds or use of funds no defense.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 53.40.120 (2026).
Text
The Reconstruction Finance Corporation, or any other agency of the United States government making any such loan, or any other holder or owner of any bonds issued pursuant to this chapter, shall not be required to see to the application of the moneys derived from such bonds to the purposes for which the bonds are issued as specified in any resolution authorizing the issuance thereof. No defense of invalidity, or irregularity in any such bonds funded or refunded by the issuance of bonds hereunder, shall be a valid defense in any action at law or equity for a judgment upon or for the enforcement or collection of any bonds issued pursuant to this chapter, and no court shall have jurisdiction to entertain any such defense in any such action or proceeding.
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Legislative History
[1957 c 59 s 10. Prior: 1949 c 122 s 7, part; Rem. Supp. 1949 s 9711-6, part.]
Nearby Sections
15
§ 53.04.020
Formation of countywide district.§ 53.04.023
Formation of less than countywide district.§ 53.04.031
Initiating petition, commissioner district descriptions—Initial election of commissioners.§ 53.04.060
District declared formed.§ 53.04.070
Expense of election.§ 53.04.080
Annexation of territory—Petition—Election.§ 53.04.085
Petition for annexation to port district.§ 53.04.110
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Bluebook (online)
Washington § 53.40.120, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/53.40.120.