MCL - Section 324.50516

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Chapter 324
Act 451 of 1994
451-1994-III
451-1994-III-2
451-1994-III-2-4
451-1994-III-2-4-THE-TIMBER-INDUSTRY
451-1994-III-2-4-THE-TIMBER-INDUSTRY-505
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NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION ACT (EXCERPT)
Act 451 of 1994


324.50516 Personal liability on bonds or notes.

Sec. 50516.

     Neither the members of the authority nor any person executing bonds or notes issued under this part or any person executing any agreement on behalf of the authority is liable personally on the bonds or notes by reason of their issuance.


History: Add. 1995, Act 57, Imd. Eff. May 24, 1995
Popular Name: Act 451
Popular Name: NREPA