§ 21-17-429 — Rights and powers of securities holders

(a) Subject to any contractual limitations binding upon
the holders of any issue or series of securities, or trustee
therefor, including but not limited to the restriction of the
exercise of any remedy to a specified proportion, percentage or
number of holders, and subject to any prior or superior rights
of others, any holder of securities, or trustee therefor, shall
have the right and power, for the equal benefit and protection
of all holders of securities similarly situated:
(i) By mandamus or other suit, action or proceeding
at law or in equity to enforce his rights against and to require
or compel the board or university, or both, the president of the
university, and any other of the officers, agents and employees
of the board or university, or both, to perform and carry out
their respective duties, obligations or other commitments under
this act and their respective covenants and agreements with the
holder of any security;
(ii) By action or suit in equity to require the board
or university, or both, to account as if they were the trustee
of an express trust;
(iii) By action or suit in equity to have appointed a
receiver who may enter and take possession of any facilities and
any pledged revenues for the payment of the securities,
prescribe sufficient fees derived from the facilities, and
collect, receive and apply all pledged revenues or other monies
pledged for the payment of the securities in the same manner as
the board itself might do in accordance with the obligations of
the board; and
(iv) By action or suit in equity to enjoin any acts
or things which may be unlawful or in violation of the rights of
the holder of any securities and to bring suit thereupon.