West Virginia § 18-11E-5 Pledges; time; liens; recordation

West Virginia Statutes

§ 18-11E-5 — Pledges; time; liens; recordation

West Virginia·Ch. 18 EDUCATION·Art. 11E REVENUE BONDS FOR MARSHALL UNIVERSITY ATHLETIC FACILITIES

Any pledge made by the board shall be valid and binding from the time the pledge is made: Provided, That the pledge by the board of all or any portion of the moneys derived from admission fees to athletic contests and deposited into athletic accounts at Marshall University shall be subject to the written approval of the director of athletics at Marshall University. The moneys so pledged and thereafter received by the board shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act. 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 board, irrespective of whether such parties have notice thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

Any pledge made by the board shall be valid and binding from the time the pledge is made: Provided, That the pledge by the board of all or any portion of the moneys derived from admission fees to athletic contests and deposited into athletic accounts at Marshall University shall be subject to the written approval of the director of athletics at Marshall University. The moneys so pledged and thereafter received by the board shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act. 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 board, irrespective of whether such parties have notice thereof.

West Virginia § 18-11E-5 (Pledges; time; liens; recordation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.