South Dakota Codified Laws 50-6A-37. No personal liability on bonds unless debt limitation exceeded
Current as of: 2023 | Check for updates
|
Other versions
Neither the commissioners of an authority nor any person executing such bonds shall be liable personally thereon by reason of the issuance thereof, except to the extent that the bonds, if constituting an indebtedness, exceed any applicable limitation or restriction.
Terms Used In South Dakota Codified Laws 50-6A-37
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1976, ch 303, § 14.