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UTAH STATUTES AND CODES
11-14-304.5 - Recital in bonds -- Incontestability.
11-14-304.5. Recital in bonds -- Incontestability.
(1) In the resolution authorizing bonds to be issued as provided in this chapter or otherapplicable law, a local political subdivision may require that the bonds recite that they are issuedunder authority of this chapter or other applicable law.
(2) (a) A bond recital as provided in Subsection (1) conclusively establishes fullcompliance with all the provisions of applicable law.
(b) All bonds issued containing a recital as provided in Subsection (1) shall beincontestable for any reason after their delivery for value.
(1) In the resolution authorizing bonds to be issued as provided in this chapter or otherapplicable law, a local political subdivision may require that the bonds recite that they are issuedunder authority of this chapter or other applicable law.
(2) (a) A bond recital as provided in Subsection (1) conclusively establishes fullcompliance with all the provisions of applicable law.
(b) All bonds issued containing a recital as provided in Subsection (1) shall beincontestable for any reason after their delivery for value.
Enacted by Chapter 83, 2006 General Session
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