Kentucky Statutes 154.26-050 – Personal liability of director or officer
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No director or officer of the authority shall be subject to any personal liability or accountability by reason of his execution of any obligation duly authorized by the authority.
Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 359, sec. 6, effective July 14, 1992.
Effective: July 14, 1992
Terms Used In Kentucky Statutes 154.26-050
- Authority: means the Kentucky Economic Development Finance Authority created by KRS §. See Kentucky Statutes 154.26-010
- 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.
History: Created 1992 Ky. Acts ch. 359, sec. 6, effective July 14, 1992.