Michigan Compiled Laws § 331.74 Authority Members; Persons Executing Notes Or Bonds; Personal Liability.

331.74 Authority members; persons executing notes or bonds; personal liability.

Sec. 44.

Neither the members of any authority nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof.

History: 1969, Act 38, Imd. Eff. July 14, 1969

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Last modified: October 10, 2016