Code of Alabama - Title 45: Local Laws - Section 45-49A-10.08 - Debts, obligations, or liabilities of corporation

Section 45-49A-10.08 - Debts, obligations, or liabilities of corporation.

No debt, obligation, or liability contracted or incurred by the corporation or by any director, officer, employee, or agent of the corporation shall be a debt, obligation, or liability of the State of Alabama, or of any city, town, county, or political subdivision of the State of Alabama.

(Act 82-312, p. 420, §9.)

Last modified: May 3, 2021