Arizona § 48-1819 Validity of bonds; nonliability of officers and directors

Arizona Statutes

§ 48-1819 — Validity of bonds; nonliability of officers and directors

Arizona § 48-1819

Title 48Arizona Revised Statutes

Ch. 12ELECTRICAL DISTRICTS

Art. 5Revenue Bonds

This text of Arizona § 48-1819 (Validity of bonds; nonliability of officers and directors) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 48-1819 (2026).

Text

A.A bond that is issued and that bears the signature of officers in office on the date the bond is signed is a valid and binding obligation, notwithstanding that before delivery of the bond any or all of the persons whose signatures appear on the bond have ceased to be officers of the district.

B.No member of the board of directors or officer or employee of the district is personally liable on the bonds.

Free access — add to your briefcase to read the full text and ask questions with AI

A. A bond that is issued and that bears the signature of officers in office on the date the bond is signed is a valid and binding obligation, notwithstanding that before delivery of the bond any or all of the persons whose signatures appear on the bond have ceased to be officers of the district.

B. No member of the board of directors or officer or employee of the district is personally liable on the bonds.