TITLE XXVII
CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS

CHAPTER 296
DIVIDEND-PAYING CORPORATIONS

Individual Liability of Stockholders and Officers

Section 296:40

    296:40 False Certificates, Etc. – If any certificate, return or notice made or given in pursuance of the provisions of this subdivision shall be false in any material representation, all the officers who signed the same, knowing it to be so or without due inquiry, shall be individually liable for all the debts of the corporation contracted while they were in office.

Source. 1846, 321:1. CS 147:1, 7. GS 135:14. GL 149:14. PS 150:19. PL 228:12. RL 277:12.