9-1916. Same; action to enforce liability; evidence.
9-1916
9-1916. Same; action to enforce liability; evidence.
In all actions brought for the recovery of any deposits received or debt
created while any bank was insolvent or in failing circumstances all
officers, agents, and directors of such bank may be joined as defendants or
proceeded against severally. The fact that any bank was insolvent or in
failing circumstances at the time of the reception of the deposit charged
to have been so received, or the creation of the debt charged to have been
so created, shall be prima facie evidence of such knowledge and assent to
such deposit or creation of such debt on the part of such officer, agent,
or director so charged therewith. This liability may be enforced by and
against executors and administrators of any deceased officer, director or agent.
History: L. 1947, ch. 102, § 124; L. 1989, ch. 48, § 53; July 1.