§ 6306. Liability of stockholders for violation, etc.
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking
7 P.S. § 6306
§ 6306. Liability of stockholders for violation, etc.
And if any stockholder of the Philadelphia savings institution, or of any other savings institution or loan company, shall advise or consent to, or if any member, director, or officer thereof, shall advise or consent to, or by neglect of duty, shall suffer any issue of notes, certificates, or other paper, purporting to be for the payment of any money, other than those for bona fide depositors, for the term they were made, as aforesaid, all such stockholders, members, directors, and officers so advising or consenting to, or suffering to be done, shall be severally liable for the payment of all such notes, certificates, or other papers.
Credits
1839, June 27, P.L. 515, § 1.
7 P.S. § 6306, PA ST 7 P.S. § 6306
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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