No officer, employee, or member of the legislative body of the issuer shall be personally liable on any bonds issued under the provisions of this subchapter or for any damages sustained by any person in connection with any contracts entered into to carry out the purposes and intent of this subchapter unless the person has acted with a corrupt intent.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 4 - Local Government Capital Improvement Revenue Bond Act
§ 14-164-404. Subchapter supplemental
§ 14-164-405. Bonds — Issuance generally
§ 14-164-406. Bonds — Terms and conditions
§ 14-164-407. Bonds — Trust indenture
§ 14-164-408. Bonds — Contents
§ 14-164-410. Bonds — Execution
§ 14-164-411. Bonds — Payment — Security
§ 14-164-412. Bonds — Mortgage lien
§ 14-164-413. Bonds — Special obligations
§ 14-164-414. Bonds — Liability of legislative body's officers, employees, or members
§ 14-164-415. Bonds — Successive issues
§ 14-164-416. Bonds — Tax exemption