There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 141 — MUNICIPAL FINANCING
Act 227 of 1985 — SHARED CREDIT RATING ACT (141.1051 - 141.1078)***** 141.1057.amended THIS AMENDED SECTION IS EFFECTIVE MARCH 28, 2013 ***** ***** 141.1057 THIS SECTION IS AMENDED EFFECTIVE MARCH 28, 2013: See 141.1057.amended *****
Section 141.1068 — Liability on bonds or notes.
MI Comp L § 141.1068 (2012 through Reg Sess) What's This?
SHARED CREDIT RATING ACT (EXCERPT)
Act 227 of 1985
141.1068 Liability on bonds or notes.
Sec. 18.
Neither the members of the authority nor any person executing bonds or notes issued under this act shall be liable personally on the bonds or notes by reason of their issuance.
History: 1985, Act 227, Eff. Mar. 31, 1986
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