Michigan Compiled Laws § 331.1410 Personal Liability On Notes Or Corporation Obligations.

331.1410 Personal liability on notes or corporation obligations.

Sec. 410.

Neither the trustees of a corporation or subsidiary corporation nor any person executing notes or corporation obligations under this act shall be liable personally on the notes or corporation obligations or be subject to any personal liability or accountability by reason of the issuance thereof.

History: 1987, Act 230, Eff. Feb. 27, 1988

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Last modified: October 10, 2016