ยง516-172 - Loans; sale, pledge, or assignment.
ยง516-172ย Loans; sale, pledge, or
assignment.ย (a)ย Subject to any agreement with the holders of its revenue
bonds, the corporation may sell its loans at public or private sale at a price
and upon terms and conditions as it determines.
(b)ย Subject to any agreement with the holders of its
revenue bonds, the corporation may pledge or assign its loans, other
agreements, notes, or property to secure the loans or agreements. [L 1983, c
270, pt of ยง1; am L 1987, c 337, ยง16; am L 1988, c 104, ยง2; am L 2005, c 196,
ยง26(b); am L 2006, c 180, ยง16]