Article 14 Section 12 - Officers of banking institutions; individual responsibility

12. Officers of banking institutions; individual responsibility

Section 12. Any president, director, manager, cashier, or other officer of any banking institution who shall receive, or assent to, the reception of any deposits after he shall have knowledge of the fact that such banking institution is insolvent or in failing circumstances shall be individually responsible for such deposits.

Disclaimer: This Constitution may not be the most recent version. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information on this site. The official state website may have more current and complete information.