43-33-737 - Liability on issuance of bonds or notes. - Mississippi Statutes

§ 43-33-737. Liability on issuance of bonds or notes.
 

(1)  The directors of the corporation, the advisory committee, or any person executing the bonds, notes or other obligations of the corporation shall not be personally liable for such bonds, notes or other obligations or be subject to any personal liability or accountability by reason of the issuance thereof while acting in the scope of their authority. 

(2)  The bonds, notes and other obligations of the corporation shall not be a debt of the state or any agency, instrumentality or political subdivision thereof. 
 

Sources: Laws,  1989, ch. 525, § 20, eff from and after July 1, 1989.