Michigan Compiled Laws § 285.267 Personal Liability On Note Or Bond Of Authority.

285.267 Personal liability on note or bond of authority.

Sec. 17.

The members of the authority or a person who executes a note or bond shall not be liable personally on the note or bond or be subject to any personal liability or accountability by reason of the issuance of the note or bond.

History: 1982, Act 220, Imd. Eff. July 10, 1982

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Last modified: October 10, 2016