NE Const., Article XII-7

Repealed 1938. Laws 1937, c. 18, sec. 1, p. 124. Adopted in 1875. Amended in 1930. The repealed language read, "Every stockholder in a banking corporation or institution shall be individually responsible and liable to its creditors over and above the amount of stock by him held to an amount equal to his respective stock or shares so held, for all its liabilities accruing or existing while he remains such stockholder, and all banking corporations shall publish quarterly statements under oath of their assets and liabilities. The stockholders shall become individually responsible for the liability hereby imposed, immediately after any such banking corporation, or banking institution shall be adjudged insolvent, and the receiver of said corporation or institution shall have full right and lawful authority, as such receiver, forthwith to proceed by action in court to collect such liabilities; and the provisions of Section 4, Article XII, of the constitution of the State of Nebraska shall not be construed as applying to banking corporations or banking institutions."