§ 6-703. Liability of preferred shareholders.  


Latest version.
  • The holders of preferred stock shall not be held individually responsible as such holders for any debts, contracts, or engagements of the bank or trust company and shall not be liable for assessments to restore impairment in the capital of such corporation as now provided by law with reference to holders of common stock.

Added by Laws 1965, c. 161, § 703.