48-2091.05. Determination of board of directors
38 words·~1 min read·
/az/title-48/48-2091-05A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The determination by the board of directors that the limitations and conditions prescribed by this article relating to issuing refunding bonds have been met is conclusive in the absence of fraud or arbitrary and gross abuse of discretion.