N.J.S.A. 27:25-17 — Liability for expenses of corporation

27:25-17. Liability for expenses of corporation All expenses incurred by the corporation in carrying out the provisions of this act shall be payable from funds available to the corporation therefor and no liability or obligation shall be incurred by the corporation beyond the extent to which moneys are available. No debt or liability of the corporation shall be deemed or construed to create or constitute a debt, liability, or a loan or pledge of the credit of the State. L.1979, c. 150, s. 17, eff. July 17, 1979.

This is the verbatim text of N.J.S.A. 27:25-17, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.