Michigan § 331.74 - Authority members; persons executing notes or bonds; personal liability.
Full text of Michigan Michigan Compiled Laws § 331.74 — Authority members; persons executing notes or bonds; personal liability., with citation guidance and answers to common questions.
§ 331.74. Authority members; persons executing notes or bonds; personal liability.
Neither the members of any authority nor any person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the issuance thereof.
Frequently Asked Questions About Michigan § 331.74
What does Michigan Compiled Laws § 331.74 cover?
Section 331.74 ("Authority members; persons executing notes or bonds; personal liability.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 331.74?
A common citation format is "Michigan Compiled Laws § 331.74" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 331.74 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.