Statutes > Mississippi Statutes > TITLE 81 - BANKS AND FINANCIAL INSTITUTIONS > Chapter 15 - Mississippi Rural Credit Law. > 81-15-21 - Officers, directors and stockholders not to be liable.

81-15-21 - Officers, directors and stockholders not to be liable.

§ 81-15-21. Officers, directors and stockholders not to be liable.
  

No officer, director, nor stockholder of any organization doing business hereunder shall be individually or personally liable for the debts of said association or corporation. 
 

Sources: Codes, 1930, § 6490; 1942, § 4932; Laws,  1924, ch. 272; Laws, 1932, ch. 259.