Section 20-2-2009. Joint and several liability of fund members

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Each board of education shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which occurred while such board was a member of such fund; provided, however, that a fund shall not assume a risk greater than an amount to be determined by the Commissioner; and provided, further, that this legal obligation may be enforced by an assessment against such member as provided in the bylaws of the agency.

Code 1981, § 20-2-2009, enacted by Ga. L. 1986, p. 1172, § 1.

                    
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