Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenue, money or properties so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
Miss. Code Ann. § 41-73-53
Pledges
Known as the Mississippi Hospital Equipment and Facilities Authority Act
The act spans §§ 41–41 (38 sections).
Laws, 1983, ch. 493, § 27, eff from and after passage (approved April 11, 1983
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.