No bond, note, debenture, evidence of indebtedness, mortgage, deed of trust, assignment, pledge, contract, lease, agreement, or other contractual obligation of the State Bar shall:
(a) Create a debt or other liability of the state nor of any entity other than the State Bar (or any successor public corporation).
(b) Create any personal liability on the part of the licensees of the State Bar or the members of the board of trustees or any person executing the same, by reason of the issuance or execution thereof.
(c) Be required to be approved or authorized under the provisions of any other law or regulation of this state.