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Minnesota Legislature

Office of the Revisor of Statutes

48.03 Stock list; stockholders' liability.

Subdivision 1. The president and cashier of any bank of discount and deposit shall at all times keep an accurate verified list of all its stockholders, with the amount of stock held by each, the dates of all transfers and names of transferees.

Subd. 2. Except as provided in section 300.27, no stockholder in any bank of discount and deposit or in any banking or trust corporation or association shall be personally liable for debts of such bank, corporation or association.

Subd. 3. Repealed, 2001 c 56 s 12

Subd. 4. Repealed, 1992 c 587 art 1 s 31

Subd. 5. Repealed, 1992 c 587 art 1 s 31

HIST: (7669) RL s 2985; 1907 c 137 s 1; 1955 c 14 s 1,2; 1957 c 601 s 5; 1965 c 171 s 6; 1967 c 102 s 4; 1976 c 181 s 2; 1984 c 576 s 8; 2001 c 56 s 3,4