No officer, employee, or member of the legislative body of the issuer shall be personally liable for any obligations issued under the provisions of this chapter or for any damages sustained by any person in connection with any contracts entered into to carry out the purposes and intent of this chapter, unless the person acted with corrupt intent.
Ark. Code Ann. § 14-78-108
Nonliability
Known as the Local Government Short-Term Financing Obligations Act
The act spans §§ 14-78-101 to 14-78-110 (10 sections).
Acts 2001, No. 1808, § 8.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.