No member of the board of directors of the corporation shall be liable personally for any indebtedness issued by the corporation or be subject to any personal liability or accountability by reason of the issuance thereof.
La. R.S. 17:3396.6
Liability of board members
Known as the Campus Accountability and Safety Act
The act spans §§ 17–17 (176 sections).
Acts 1992, No. 882, §1.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.