2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
462A.11 PLEDGES.
Any pledge made by the agency shall be valid and binding from the time when the pledge is
made, the moneys or property so pledged and thereafter received by the agency shall immediately
be subject to the lien of such pledge without any physical delivery thereof or further act, and the
lien of any such pledge shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the agency, irrespective of whether such parties have
notice thereof. Neither the resolution nor any other instrument by which a pledge is created
need be recorded.
History: 1971 c 702 s 11
Any pledge made by the agency shall be valid and binding from the time when the pledge is
made, the moneys or property so pledged and thereafter received by the agency shall immediately
be subject to the lien of such pledge without any physical delivery thereof or further act, and the
lien of any such pledge shall be valid and binding as against all parties having claims of any
kind in tort, contract or otherwise against the agency, irrespective of whether such parties have
notice thereof. Neither the resolution nor any other instrument by which a pledge is created
need be recorded.
History: 1971 c 702 s 11
Official Publication of the State of Minnesota
Revisor of Statutes