Section 51357 Of Chapter 7. Revenue Bonds From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 7.
51357
. Any pledge made by the agency shall be valid and binding
from the time when the pledge is made. The revenues, moneys, or
property so pledged and thereafter received by the agency shall
immediately be subject to the lien of such pledge without any
physical delivery thereof or further act, and the lien of any such
pledge shall be valid and binding as against all parties having
claims of any kind in tort, contract, or otherwise against the
agency, irrespective of whether such parties have notice thereof.
Neither the resolution nor any other instrument by which a pledge is
created need be recorded.