Michigan Laws 484.3214 – Notes or bonds; personal liability
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 484.3214
- Board: means the board of directors of the authority. See Michigan Laws 484.3203
- Person: means an individual, corporation, limited or general partnership, joint venture, or limited liability company or a governmental entity, including state authorities, municipalities, counties, and townships, police, fire and other public safety organizations, judicial entities, medical entities, schools, colleges, universities, hospitals, libraries, community centers, and local economic development entities. See Michigan Laws 484.3203
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.