§4152. Presumption of validity
After issuance, all bonds or notes of the agency shall be conclusively presumed to be fully authorized and issued under the laws of the State and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution or delivery by the agency. [PL 1987, c. 141, Pt. A, §6 (NEW).]
SECTION HISTORY
PL 1987, c. 141, §A6 (NEW). PL 1991, c. 855, §§1,2 (AFF).
Structure Maine Revised Statutes
Chapter 41: MAINE MUNICIPAL AND RURAL ELECTRIFICATION COOPERATIVE AGENCY ACT
Subchapter 3: FORM AND NATURE OF BONDS AND NOTES
35-A §4152. Presumption of validity
35-A §4153. Federal insurance of guaranty; taxable bond option
35-A §4154. Refunding obligations; issuance
35-A §4155. Refunding obligations; sale
35-A §4156. Remedies of bondholders and noteholders
35-A §4157. Credit of State and members of agency not pledged