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Section 402 - State pledge to holders of notes or bonds.

UT Code § 63H-8-402 (2019) (N/A)
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(1) The state pledges and agrees with the holders of notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of agreements made with the holders of the notes or bonds or in any way impair the rights and remedies of the holders until the notes and bonds, together with their interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged.

(2) The corporation may include this pledge and agreement of the state in any agreement with the holders of the notes or bonds.

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Section 401 - Corporation money -- Depositing and paying out -- Power to contract with holders of notes and bonds -- Money held in trust.
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Section 403 - Notes, bonds, other obligations -- Not a debt liability -- Expenses payable from funds provided -- Corporation without authority to incur liability on behalf of state -- Relationship to Governmental Immunity Act of Utah.