Colorado Statutes
§ 32-9-145 — Limitations upon liabilities
Neither the directors nor any person
executing any district securities issued under this article shall be liable personally
on the securities by reason of the issuance thereof. Securities issued pursuant to
this article shall not in any way create or constitute any indebtedness, liability, or
obligation of the state or of any political subdivision thereof, except the district, and
nothing in this article shall be construed to authorize the district to incur any
indebtedness on behalf of or in any way to obligate the state or any political
subdivision thereof, except the district.
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Legislative History
Source: L. 69: p. 725, � 1. C.R.S. 1963: � 89-20-46.
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