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12-39
12.39 LIABILITY.
The state and the treasurer of state are not liable to an eligible
lending institution in any manner for payment of the principal or
interest on the loan to an eligible borrower. Any delay in payments
or default on the part of an eligible borrower does not in any manner
affect the investment agreement between the eligible lending
institution and the treasurer of state. Section History: Recent Form
86 Acts, ch 1096, § 9; 90 Acts, ch 1168, § 6
Referred to in § 12.31, 12.32, 12.34, 12.35, 12.36
