Rhode Island General Laws 27-66-17. Personal liability excluded
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The members of the board and officers or employees of the foundation are not liable personally, either jointly or severally, for any debt or obligation created or incurred by the foundation unless that conduct is deemed to be gross misconduct or reckless.
History of Section.
P.L. 1999, ch. 215, § 1; P.L. 1999, ch. 376, § 1.
Terms Used In Rhode Island General Laws 27-66-17
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.