§ 63B-7-413. Certification of satisfaction of conditions precedent -- Conclusiveness.

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(1) The commission may not issue any bond under this chapter until it finds and certifies that all conditions precedent to issuance of the bonds have been satisfied.

(2) A recital on any bond of this finding and certification conclusively establishes the completion and satisfaction of all conditions precedent.

Enacted by Chapter 67, 1998 General Session

                    
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