17:9A-100 - Liability of stockholders
17:9A-100.Ā Liability of stockholders
Except as otherwise provided by any law heretofore enacted or by the certificate of incorporation of a bank heretofore organized, the holders of theĀ shares of the capital stock of a bank shall not be liable, by reason of theirĀ holding such stock, for any debts, contracts, or obligations of the bank, orĀ for assessments to restore impairments of the capital stock of the bank.Ā InĀ those cases in which any such liability has been imposed upon stockholders byĀ any law heretofore enacted or by any certificate of incorporation heretoforeĀ filed, such liability shall terminate one year from the effective date of thisĀ act.
L.1948, c. 67, p. 267, s. 100.
Ā
Except as otherwise provided by any law heretofore enacted or by the certificate of incorporation of a bank heretofore organized, the holders of theĀ shares of the capital stock of a bank shall not be liable, by reason of theirĀ holding such stock, for any debts, contracts, or obligations of the bank, orĀ for assessments to restore impairments of the capital stock of the bank.Ā InĀ those cases in which any such liability has been imposed upon stockholders byĀ any law heretofore enacted or by any certificate of incorporation heretoforeĀ filed, such liability shall terminate one year from the effective date of thisĀ act.
L.1948, c. 67, p. 267, s. 100.
Ā