Michigan Compiled Laws § 285.269 Nonliability Of State On Notes Or Bonds Of Authority; Statement.

285.269 Nonliability of state on notes or bonds of authority; statement.

Sec. 19.

The state shall not be liable on notes or bonds of the authority and the notes and bonds shall not be a debt of the state. The notes and bonds shall contain on the face of the notes or bonds a statement to that effect.

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

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Last modified: October 10, 2016