17:9A-100 - Liability of stockholders - New Jersey Statutes

17:9A-100.  Liability of stockholders
    Except as otherwise provided by any law heretofore enacted or by the certificate of incorporation of a bank heretofore organized, the holders of the  shares of the capital stock of a bank shall not be liable, by reason of their  holding such stock, for any debts, contracts, or obligations of the bank, or  for assessments to restore impairments of the capital stock of the bank.  In  those cases in which any such liability has been imposed upon stockholders by  any law heretofore enacted or by any certificate of incorporation heretofore  filed, such liability shall terminate one year from the effective date of this  act.

     L.1948, c. 67, p. 267, s. 100.