Michigan Compiled Laws § 484.3214 Notes Or Bonds; Personal Liability.

484.3214 Notes or bonds; personal liability.

Sec. 14.

The members of the board or any person executing the notes or bonds under this act are not liable personally on the notes or bonds or subject to any personal liability or accountability by reason of the issuance of the notes or bonds.

History: 2002, Act 49, Imd. Eff. Mar. 14, 2002

Compiler's Notes: For transfer of powers and duties of Michigan broadband development authority from department of treasury to department of labor and economic growth by Type I transfer, see E.R.O. No. 2003-1, compiled at MCL 445.2011.

Section: Previous  484.3207  484.3208  484.3209  484.3210  484.3211  484.3212  484.3213  484.3214  484.3215  484.3216  484.3217  484.3218  484.3219  484.3220  484.3221  Next

Last modified: October 10, 2016