63B-7-113 - Certification of satisfaction of conditions precedent -- Conclusiveness.
63B-7-113. Certification of satisfaction of conditions precedent -- Conclusiveness.
(1) The commission may not issue any bond under this chapter until it finds and certifiesthat all conditions precedent to issuance of the bonds have been satisfied.
(2) A recital on any bond of this finding and certification conclusively establishes thecompletion and satisfaction of all conditions precedent.
(1) The commission may not issue any bond under this chapter until it finds and certifiesthat all conditions precedent to issuance of the bonds have been satisfied.
(2) A recital on any bond of this finding and certification conclusively establishes thecompletion and satisfaction of all conditions precedent.
Enacted by Chapter 67, 1998 General Session