WVC 18 - 11 E- 5
§18-11E-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 and deposited into athletic accounts at
Marshall University shall be subject to the written approval of
the director of athletics at Marshall 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.