NMSA 21-21A-12. Pledge of assets or revenues of foundation
A foundation’s pledge of assets or revenues for bond principal or interest is valid and creates an immediate lien. The foundation may still sell pledged assets unless a trust agreement or bond resolution restricts the sale.
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- United States — New Mexico
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- en
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asset pledge bonds security interests
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NMSA 21-21A-12. Pledge of assets or revenues of foundation
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