Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 23 - Hospital Equipment Loans, 58-23-1 through 58-23-32. > Section 58-23-22 - Council; pledge; recording of lien not required.

Section 58-23-22 - Council; pledge; recording of lien not required.

58-23-22. Council; pledge; recording of lien not required.

Any pledge made by the council shall be valid and binding from the time when the pledge is made. The revenue, money or properties pledged and later received by the council shall immediately be subject to the lien of such pledge without any further act, and the lien of any such pledge is valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the program, irrespective of whether the parties have notice thereof.