Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
SUBTITLE 4. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
PART II. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
§ 5-418. Immunity from personal liability
Latest version.
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A member of the Authority, a person executing a bond or agreement of the Authority under this subtitle, or an employee of the Authority, the Department, or the State is not:
(1) personally liable on a bond or agreement of the Authority; or
(2) subject to personal liability or accountability arising from the issuance, execution, or delivery of a bond or agreement of the Authority.