TITLE XXVII
CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS

CHAPTER 296
DIVIDEND-PAYING CORPORATIONS

Individual Liability of Stockholders and Officers

Section 296:43

    296:43 Recovery From Corporation. – Any officer of a corporation, who shall have paid a debt or liability of the corporation for which he is made liable by the provisions of this subdivision, may recover the amount so paid in a bill against the corporation; but he shall have no claim against the stockholders individually therefor.

Source. RS 141:30. CS 149:30. GS 135:21. GL 149:21. PS 150:22. PL 228:15. RL 277:15.