Michigan Laws 125.1429 – Notes and bonds; personal liability of members of authority
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Terms Used In Michigan Laws 125.1429
- Authority: means the Michigan state housing development authority created in this act. See Michigan Laws 125.1411
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
Neither the members of the authority nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof.