California Health and Safety Code 55107 – Neither the members of the legislative body of the local agency, nor …
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Neither the members of the legislative body of the local agency, nor any official or employee thereof, nor any other person executing the bonds shall be subject to any personal liability or accountability by reason of the issuance thereof.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
Terms Used In California Health and Safety Code 55107
- Bonds: means bonds, notes, or other evidence of indebtedness issued by a local agency pursuant to Part 2 (commencing with Section 55100) of this division, including bonds issued to refund previously issued bonds or other indebtedness. See California Health and Safety Code 55001
- Local agency: means a city, county, or city and county. See California Health and Safety Code 55001
- Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19