48.033 State banks, liability of stockholders.
Notwithstanding sections 48.03, 49.24, and 300.27, any stockholder of a state bank whose deposits are not insured by the Federal Deposit Insurance Corporation, shall be personally liable for the debts of said bank to the extent of the par value of the stock held by such stockholder.
HIST: 1955 c 335 s 1
Official Publication of the State of Minnesota
Revisor of Statutes