Michigan Compiled Laws § 390.1163 Personal Liability.

390.1163 Personal liability.

Sec. 13.

A member of the authority or a person executing the notes, bonds, or other obligations of the authority is not personally liable for the repayment of the note, bond, or other obligation or subject to personal liability or accountability by reason of the issuance or nonissuance thereof.

History: 1975, Act 222, Eff. Oct. 1, 1975

Section: Previous  390.1153  390.1154  390.1154a  390.1155  390.1156  390.1157  390.1158  390.1159  390.1160  390.1161  390.1162  390.1163  390.1164  390.1165    Next

Last modified: October 10, 2016