Unannotated Code of Maryland (Last Updated: May 16, 2014) |
LOCAL GOVERNMENT |
DIVISION IV. LOCAL FINANCE |
TITLE 19. PUBLIC DEBT |
SUBTITLE 6. CREATION OF PUBLIC DEBT -- PUBLIC SCHOOLS |
PART I. PUBLIC SCHOOLS -- IN GENERAL |
§ 19-608. Valid and binding obligations
Latest version.
-
A note is a valid and binding obligation of the issuing county in accordance with the terms of the note even if an official whose signature appears on the note:
(1) ceases to be an official before the delivery of the note; or
(2) becomes an official after the date of issue of the note.