48.033 STATE BANKS, LIABILITY OF SHAREHOLDERS.
Notwithstanding sections
48.03 and
49.24, any shareholder 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 shares held by the shareholder.
History: 1955 c 335 s 1; 2005 c 69 art 3 s 1