8. No State Treasurer or any officer, director or employee of any State agency or State authority executing a structured financing agreement pursuant to this act shall be personally liable for any debt, obligation or other liability of the State, State agency, or State authority incurred by or on behalf of the State, State agency or State authority arising from a structured financing agreement.
N.J. Stat. Ann. § 52:31C-8
Immunity from personal liability
Known as the Structured Financing Act
The act spans §§ 52:31C-1 to 52:31C-9 (13 sections).
L.1999,c.157,s.8.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.