Va. Code Ann. § 2.2-2300
This is the official text of Va. Code Ann. § 2.2-2300, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Pledge by Authority
Official statutory text
Any pledge made by the Authority shall be valid and binding from the time when the pledge was made. The revenues or properties so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Authority, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
1984, c. 749, § 9-224; 2001, c. 844 .
1984, c. 749, § 9-224; 2001, c. 844 .
Status: in_force · Read it on the official government site
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