7 Pa. Stat. § 6306
Current through Pa Acts 2024-53, 2024-56 through 2024-127
And if any stockholder of the Philadelphia savings institution, or of any other savings institution or loan company, shall advise or consent to, or if any member, director, or officer thereof, shall advise or consent to, or by neglect of duty, shall suffer any issue of notes, certificates, or other paper, purporting to be for the payment of any money, other than those for bona fide depositors, for the term they were made, as aforesaid, all such stockholders, members, directors, and officers so advising or consenting to, or suffering to be done, shall be severally liable for the payment of all such notes, certificates, or other papers.
7 P.S. § 6306