9-41A-34. Encumbrance of property to secure obligations.
35 words·~1 min read·
/sd/title-9/chapter-9-41/9-41a-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A municipal power agency may mortgage, pledge, and grant a security interest in any or all of its real and personal property to secure the payment of its bonds, notes, or other obligations or contracts.