§ 21-17-407 — No recourse against trustees

No recourse shall be had for the payment of the principal of,
any interest on and any prior redemption premiums due in
connection with any bonds or other securities of the board or
for any claim based thereon or otherwise upon the resolution
authorizing their issuance or other instrument appertaining
thereto, against any individual trustee of the board, past,
present or future, either directly or indirectly through the
board or the university, or otherwise, whether by virtue of any
constitution, statute or rule of law, or by the endorsement of
any penalty or otherwise, all such liability, if any, being by
the acceptance of the securities and as a part of the
consideration of their issuance specially waived and released.