Section 3610. State and towns not liable on corporation bonds  


Latest version.
  • (a) The state
      shall  not  be  liable on the bonds or notes of the corporation and such
      bonds or notes shall not be a debt of the  state,  and  such  bonds  and
      notes shall contain on the face thereof a statement to such effect.
        (b)  Except as may be authorized by the town pursuant to section seven
      of article seventeen of the state constitution  and  section  thirty-six
      hundred  eight  of this title, the town shall not be liable on the bonds
      or notes of the corporation and such bonds or notes shall not be a  debt
      of  the town, and such bonds and notes shall contain on the face thereof
      a statement to such effect or a statement describing the town  liability
      thereon, if any.