Michigan Compiled Laws § 324.50516 Personal Liability On Bonds Or Notes.

324.50516 Personal liability on bonds or notes.

Sec. 50516.

Neither the members of the authority nor any person executing bonds or notes issued under this part or any person executing any agreement on behalf of the authority is liable personally on the bonds or notes by reason of their issuance.

History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA

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Last modified: October 10, 2016