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

Utah Statutes

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

Utah § 11-58-704

Title 11Cities, Counties, and Local Taxing Units

Ch. 11-58Utah Inland Port Authority Act

Part 11-58-7Port Authority Bonds

This text of Utah § 11-58-704 (Those executing bonds not personally liable -- Limitation of obligations under bonds -- Negotiability.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 11-58-704 (2026).

Text

(1)A member of the board or other person executing an authority bond is not liable personally on the bond.

(2)(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.

(2)(b) A bond issued by the authority is not payable out of any funds or properties other than those of the authority.

(2)(c) The state and its political subdivisions are not and may not be held liable on a bond issued by the authority.

(2)(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.

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(1) A member of the board or other person executing an authority bond is not liable personally on the bond.
(2) (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.
(2)(b) A bond issued by the authority is not payable out of any funds or properties other than those of the authority.
(2)(c) The state and its political subdivisions are not and may not be held liable on a bond issued by the authority.
(2)(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.