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Code · Arizona · Title 35 — Public Buildings, Works, and Improvements

35-1003. Enforceability

68 words·~1 min read·/az/title-35/35-1003

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Absent bad faith or actual knowledge to the contrary, a counterparty that enters into a swap agreement with a governmental entity may rely on a representation by that governmental entity that it is authorized or empowered to enter into the swap agreement. Notwithstanding the failure by that governmental entity to comply with the provisions of this chapter, that counterparty may enforce the swap agreement against the governmental entity.
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