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12-74
12.74 PLEDGES.
It is the intention of the general assembly that a pledge made in
respect of bonds or notes shall be valid and binding from the time
the pledge is made, that the money or property so pledged and
received after the pledge by the treasurer of state shall immediately
be subject to the lien of the pledge without physical delivery or
further act, and that the lien of the pledge shall be valid and
binding as against all parties having claims of any kind in tort,
contract, or otherwise against the treasurer of state whether or not
the parties have notice of the lien. Section History: Recent Form
2000 Acts, ch 1174, §17; 2000 Acts, ch 1232, §42; 2001 Acts, ch
24, §9; 2001 Acts, ch 185, §35, 49
Referred to in § 12.75, 12.77
