Ark. Code § 15-5-316

Current with legislation from 2024 effective through May 3, 2024.
Section 15-5-316 - No personal liability

No director or officer of the Arkansas Development Finance Authority shall be liable personally for any reason arising from the issuance of bonds under this subchapter unless he or she shall have acted with a corrupt intent.

Ark. Code § 15-5-316

Acts 1985, No. 1062, § 12.00; A.S.A. 1947, § 13-2912.