Minn. Stat. § 48.033
This is the official text of Minn. Stat. § 48.033, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 48.033 STATE BANKS, LIABILITY OF SHAREHOLDERS.
Official statutory text
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.
Status: in_force · Read it on the official government site
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