Directors and persons executing bonds not liable thereon

Va. Code Ann. § 15.2-7216
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Neither the Board of Directors nor any person executing the bonds shall be liable personally on the Authority's bonds by reasons of the issuance thereof. 2010, cc. 117 , 210 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/15.2-7216/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements