New Jersey Statutes
§ 58:11B-13 — No personal liability.
New Jersey·Title 58 WATERS AND WATER SUPPLY
13.Neither the directors of the trust nor any person executing bonds, notes or other obligations of the trust issued pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), P.L.1997, c.224 (C.58:11B-10.1 et al.), or sections 22 and 34 through 38 of P.L.2016, c.56 (C.58:11B-10.3 through C.58:11B-10.5, C.58:11B-20.2, C.58:11B-22.3, and C.58:11B-22.4) shall be liable personally on the bonds, notes or other obligations by reason of the issuance thereof. L.1985, c.334, s.13; amended 1997, c.224, s.11; 2016, c.56, s.24.
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Nearby Sections
15
§ 58:11B-1
Title amended.§ 58:11B-11
Reserve, guarantee funds§ 58:11B-13
No personal liability.§ 58:11B-14
Pledge to bondholders.§ 58:11B-15
Authorized investment.§ 58:11B-16
Conveyance of government property§ 58:11B-17
Tax exemption.§ 58:11B-18
Default.§ 58:11B-19
Application of trust funds.§ 58:11B-2
Findings, determinations.§ 58:11B-20
"Clean water project priority list."§ 58:11B-21
Financial plan.