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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The state pledges and agrees with the holders of notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of agreements made with the holders of the notes or bonds or in any way impair the rights and remedies of the holders until the notes and bonds, together with their interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged.
(2) The corporation may include this pledge and agreement of the state in any agreement with the holders of the notes or bonds.
Cite this article: FindLaw.com - Utah Code Title 63H. Independent State Entities § 63H-8-402. State pledge to holders of notes or bonds - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63h-independent-state-entities/ut-code-sect-63h-8-402/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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