Each county or municipality shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which occurred while such county or municipality was a member of such fund; provided, however, that a fund shall not assume a risk greater than an amount to be determined by the Commissioner; and provided, further, that this legal obligation may be enforced by an assessment against such member as provided in the bylaws of the agency.
Section: Previous 36-85-2 36-85-3 36-85-4 36-85-5 36-85-6 36-85-7 36-85-8 36-85-9 36-85-10 36-85-11 36-85-12 36-85-13 36-85-14 36-85-15 36-85-16 NextLast modified: October 14, 2016