Missouri § 349.080 - Individuals not liable on notes or bonds.
Full text of Missouri Revised Statutes of Missouri § 349.080 — Individuals not liable on notes or bonds., with citation guidance and answers to common questions.
§ 349.080. Individuals not liable on notes or bonds.
Neither the directors of any corporation nor any person executing the bonds or notes shall be liable personally on the bonds or notes by reason of the issuance thereof. Bonds and notes issued under this section by a corporation created by or pursuant to sections 349.010 to 349.100 shall not be a debt of the county, the municipality or the state and neither the county, the municipality or the state shall be liable thereon nor in any event shall such notes or bonds be payable out of any funds or properties other than those acquired for the purposes of this law, and such bonds and notes shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
--------
(L. 1977 S.B. 267 § 15)
---- end of effective 28 Aug 1977 ----
Frequently Asked Questions About Missouri § 349.080
What does Revised Statutes of Missouri § 349.080 cover?
Section 349.080 ("Individuals not liable on notes or bonds.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. 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 Missouri § 349.080?
A common citation format is "Revised Statutes of Missouri § 349.080" (Missouri). 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 Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 349.080 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri 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 Missouri.