No debt, obligation, or liability contracted or incurred by the corporation or by any director, officer, employee, or agent of the corporation shall be a debt, obligation, or liability of the State of Alabama or of any city, town, county, or political subdivision of the State of Alabama.
Ala. Code § 45-37A-54.73
Debts, Obligations, or Liabilities of Corporation.
(Acts 1947, No. 215, p. 81, §14.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.