Squire, Supt. v. Standen, Gdn.

Section 3, Article XIII, of the Constitution, as effective from January 1, 1913, to July 1, 1937, provided “* * * that stockholders of corporations authorized to receive money on deposit shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such corporations, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares. ’ ’

"While this provision of the Constitution was self-executing and did not need legislation to make it effective, the General…