WVC 18 - 11 D- 5
§18-11D-5. Pledges; time; liens; recordation.
Any pledge made by the board shall be valid and binding from
the time the pledge is made: Provided,
That the pledge by the
board of all or any portion of the moneys derived from admission
fees to athletic contests at West Virginia University shall be
subject to the written approval of the director of athletics at
West Virginia University. The moneys so pledged and thereafter
received by the board shall immediately be subject to the lien of
such pledge without any physical delivery thereof or further act.
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 board, irrespective of whether such parties
have notice thereof.