New Jersey Revised Statutes § 58:11b-13 - No Personal Liability

58:11B-13. No personal liability
13. Neither the directors of the trust nor any person executing bonds, notes or other obligations of the trust issued pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.) or P.L.1997, c.224 (C.58:11B-10.1 et al.) shall be liable personally on the bonds, notes or other obligations by reason of the issuance thereof.

L.1985,c.334,s.13; amended 1997, c.224, s.11.


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Last modified: October 11, 2016