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Code · Wisconsin · Chapter 67 — Municipal borrowing and municipal bonds

67.17 Diversion of funds, liability of officers for.

93 words·~1 min read·/wi/chapter-67/67-17

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67.17 Diversion of funds, liability of officers for. Every public officer, and the sureties on the officer’s official bond, and every other person participating directly or indirectly in any impairment of a borrowed money fund or of a debt service fund of any municipality, shall be liable in an action brought by such municipality or by one or more of its taxpayers, or by any party owning a warrant, note, order, or other obligation payable in whole or in part out of such fund, to restore to such fund all such diversions therefrom.
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