Utah § 11-58-704 - Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.

Full text of Utah Utah Code § 11-58-704 — Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability., with citation guidance and answers to common questions.

§ 11-58-704. Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.

Effective 3/16/2018
11-58-704.  Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.
(1) A member of the board or other person executing an authority bond is not liable personally on the bond.
(2)
(a) A bond issued by the authority is not a general obligation or liability of the state or any of its political subdivisions and does not constitute a charge against their general credit or taxing powers.
(b) A bond issued by the authority is not payable out of any funds or properties other than those of the authority.
(c) The state and its political subdivisions are not and may not be held liable on a bond issued by the authority.
(d) A bond issued by the authority does not constitute indebtedness within the meaning of any constitutional or statutory debt limitation.
(3) A bond issued by the authority under this part is fully negotiable.


Enacted by Chapter 179, 2018 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 11-58-704

What does Utah Code § 11-58-704 cover?

Section 11-58-704 ("Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 11-58-704?

A common citation format is "Utah Code § 11-58-704" (Utah). 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 Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 11-58-704 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.