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Personal liability for fraudulent deposit acceptance imposes unlimited responsibility on officers; affected depositors may bring suit. If deposits were accepted with intent to defraud and the company fails to repay, every officer responsible for acceptance is personally and unlimitedly liable for the depositors' losses, and any person, group, or association that suffered loss may bring suit or other proceedings to recover those losses.
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Provisions expressly mentioned in the judgment/order text.
Personal liability for fraudulent deposit acceptance imposes unlimited responsibility on officers; affected depositors may bring suit.
If deposits were accepted with intent to defraud and the company fails to repay, every officer responsible for acceptance is personally and unlimitedly liable for the depositors' losses, and any person, group, or association that suffered loss may bring suit or other proceedings to recover those losses.
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