Washington § 53.40.120 - Irregularity in bonds or use of funds no defense.

Full text of Washington Revised Code of Washington § 53.40.120 — Irregularity in bonds or use of funds no defense., with citation guidance and answers to common questions.

§ 53.40.120. Irregularity in bonds or use of funds no defense.

The Reconstruction Finance Corporation, or any other agency of the United States government making any such loan, or any other holder or owner of any bonds issued pursuant to this chapter, shall not be required to see to the application of the moneys derived from such bonds to the purposes for which the bonds are issued as specified in any resolution authorizing the issuance thereof. No defense of invalidity, or irregularity in any such bonds funded or refunded by the issuance of bonds hereunder, shall be a valid defense in any action at law or equity for a judgment upon or for the enforcement or collection of any bonds issued pursuant to this chapter, and no court shall have jurisdiction to entertain any such defense in any such action or proceeding.
[ 1957 c 59 s 10. Prior: 1949 c 122 s 7, part; Rem. Supp. 1949 s 9711-6, part.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 53.40.120

What does Revised Code of Washington § 53.40.120 cover?

Section 53.40.120 ("Irregularity in bonds or use of funds no defense.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 53.40.120?

A common citation format is "Revised Code of Washington § 53.40.120" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 53.40.120 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.