No person insured in such company, or in any class thereof, in which the amount insured is less than $50,000, shall be assessed any greater sum than he would be if that amount were insured; but the officers of the company shall be individually liable for the indebtedness of the company not provided for by such assessments.
Source. 1858, 2082:2. GS 158:5. GL 173:5. PS 168:3. PL 273:3. RL 323:3.