32:11D-80 - Recording - New Jersey Statutes

32:11D-80.  Recording
    No indenture need be recorded or filed in any public office, other than the  office of the commission.  The pledge of revenues provided in any indenture  shall take effect forthwith as provided therein and irrespective of the date of  receipt of such revenues by the commission or the indenture trustee.  Such  pledge shall be effective as provided in the indenture without physical  delivery of the revenues to the commission or to the indenture trustee.

     L.1961, c. 13, p. 73, s. 12.17.