After issuance, all bonds or notes of the agency shall be conclusively presumed to be fully authorized and issued under the laws of the State and any person or governmental unit shall be stopped from questioning their authorization, sale, issuance, execution or delivery by the agency.
Me. Rev. Stat. tit. 35-A, § 4152
Presumption of validity
Known as the Maine Municipal and Rural Electrification Cooperative Agency Act
The act spans §§ 4101 to 4176 (26 sections).
PL 1987, c. 141, §A6 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.