Home/South Dakota/Statutes/Title 5: PUBLIC PROPERTY, PURCHASES AND CONTRACTS/Ch. 5-11: SOUTH DAKOTA BUILDING AUTHORITY/§ 5-12-32
South Dakota Statutes

§ 5-12-32 — Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.

South Dakota·Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS·Ch. 5-11 SOUTH DAKOTA BUILDING AUTHORITY
The interim notes shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. No member, officer, agent, or employee of the authority, nor any other person who executes interim notes, shall be liable personally by reason of the issuance thereof.

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South Dakota § 5-12-32 (Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1967, ch 276, § 5.

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