§ 10-524. Liability of corporation

Latest version.

(a) State not liable. -- A debt, claim, obligation, or liability of the Corporation, whenever incurred, is the debt, claim, obligation, or liability of the Corporation only and not of the State, a unit or instrumentality of the State, or a State officer or employee.

(b) Not a pledge of State credit. -- A debt, claim, obligation, or liability of the Corporation may not be considered a debt of the State or a pledge of its credit.

HISTORY: An. Code 1957, art. 41, § 13-514; 2008, ch. 306, § 2.

                    
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