Massachusetts General Laws ch. 44A sec. 12 – Commonwealth not to act as pledge or surety
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Section 12. Nothing in this chapter shall be construed to pledge the credit and assets of the commonwealth to the support of bonds issued pursuant to this chapter or to guarantee payment or stand as surety for the payment of bonds pursuant to this chapter.
Terms Used In Massachusetts General Laws ch. 44A sec. 12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.