63B-3-113 - Certification of satisfaction of conditions precedent -- Conclusiveness.
63B-3-113. Certification of satisfaction of conditions precedent -- Conclusiveness.
(1) The commission may not issue any bond under this chapter until it finds and certifiesthat all conditions precedent to issuance of the bonds have been satisfied.
(2) A recital on any bond of this finding and certification conclusively establishes thecompletion and satisfaction of all conditions precedent.
Enacted by Chapter 300, 1994 General Session