GroundRules
Ala. Code § 11-54-134: Liability.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 54 Promotion of Industry, Trade, Commerce and Pollution Control.
- Article 4 Industrial Development Boards.
- Division 3 Endowment Trust Funds.
No member of an investment committee shall in any way be personally liable for any liability, loss, or expense suffered by the endowment trust fund supervised and administered by the committee unless such liability, loss, or expense arises out of or results from the wilful misconduct or wrongdoing of such member.
Collected 2026-09-03T14:01:52Z. Source file · JSON