Michigan Compiled Laws § 830.421a Liability On Notes Or Bonds.

830.421a Liability on notes or bonds.

Sec. 11a.

The members of the authority and persons executing notes or bonds shall not be liable personally on the notes or bonds, or be subject to personal liability or accountability by reason of the issuance thereof.

History: Add. 1976, Act 240, Eff. Mar. 31, 1977

Compiler's Notes: For transfer of state building authority from department of technology, management, and budget to department of treasury, see E.R.O. No. 2013-3, compiled at MCL 125.1393.

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Last modified: October 10, 2016