53B-21-106. Examination and certification of bonds by attorney general -- Recital
of certification -- Incontestability of bonds.
(1) The resolutions and proceedings authorizing the issuance and confirming sale of
bonds under this chapter are submitted to the attorney general for examination.
(2) When the resolutions and proceedings have been examined and the bonds certified as
legal obligations by the attorney general, the bonds are incontestable in any court in the state
unless suit is brought within 30 days from the date of the approval.
(3) A bond authorized under this section shall contain a recital on its face in substantially
the following form: "This bond is one of a series of bonds which were certified as legal
obligations by the attorney general of the state of Utah on ___."
(4) Bonds authorized, issued, and sold under resolutions and proceedings approved by the
attorney general are prima facie valid and binding obligations according to their terms.
(5) The only defense which may be offered in any suit instituted after the 30-day period
has expired is forgery, fraud, or violation of the Constitution.
Enacted by Chapter 167, 1987 General Session
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Last revised: Thursday, May 28, 2009