§ 4655 - Presumption of validity
§ 4655. Presumption of validity
After issuance, all bonds or notes of the bank shall be conclusively presumed to be fully authorized and issued by all the laws of this state, and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution or delivery by the bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)