5-12-54. Liability of authority and special purpose corporation.
60 words·~1 min read·
/sd/title-5/chapter-5-12/5-12-54A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority is not liable for any bond issued, incurred, or created by the corporation under §§ 5-12-48 to 5-12-59 , inclusive, or for any act or failure to act of the corporation. The corporation may not be liable for any obligation of the South Dakota Building Authority or for any act or failure to act by the building authority.