Section 11-95-12 Liability of Authorizing Subdivisions.
The authorizing subdivisions are not liable for a corporation’s bond payments or other corporate obligations, and those bonds or obligations are not to be treated as the subdivisions’ indebtedness.
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- United States — Alabama
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- Act or statute
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- en
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corporate bonds government liability public finance
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Section 11-95-12 Liability of Authorizing Subdivisions.
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