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Section 15-5-316 - No personal liability — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 15 - Natural Resources and Economic Development (§§ 15-1-101 — 15-76-324)/
  5. Subtitle 1 - Development of Economic and Natural Resources Generally/
  6. Chapter 5 - Arkansas Development Finance Authority Sub/
  7. Subchapter 3 - Arkansas Development Finance Authority Act - Bonds/
  8. Section 15-5-316 - No personal liability
Arkansas Legal Code

Section 15-5-316 - No personal liability

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No director or officer of the Arkansas Development Finance Authority shall be liable personally for any reason arising from the issuance of bonds under this subchapter unless he or she shall have acted with a corrupt intent.Acts 1985, No. 1062, § 12.00; A.S.A. 1947, § 13-2912.