Double Liability for Bank Shareholders, Officers, and Directors: Protecting the Public Purse from Plunder

For 75 years after the Civil War in the United States, a bank's officers, directors, and shareholders had personal liability in excess of the value of their shares. If a bank were to be declared insolvent by the regulator, they were required to make up the shortfall in insolvency with their personal...

© Veritas Radio | Manticore Media 2024. All rights reserved.
This article or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the author.

Access the Full Article and More!

Subscribe to Veritas+ Now and Discover the Truth Behind the Headlines!

By subscribing to Veritas+, you'll enjoy exclusive content that goes beyond the surface, delving into the facts that others won't report. Choose from our monthly, quarterly, or yearly plan - all with automatic renewal for uninterrupted access. Become a part of our community of truth-seekers with Veritas+!