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.
History: 1983 a. 207 s. 93 (8); 1991 a. 316.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 67 - Municipal borrowing and municipal bonds.
67.01 - Definitions and interpretations.
67.015 - Housing authorities exempted.
67.025 - Certification of municipal obligations.
67.03 - Grant of power to borrow; general limitations of indebtedness.
67.035 - Tax limitations not applicable to debt levies.
67.04 - Purposes of issuing municipal bonds and notes.
67.045 - Debt issuance conditions.
67.05 - Bond issues; procedure.
67.06 - Form and contents of bonds.
67.07 - Maturity and place of payment.
67.08 - Execution and negotiation.
67.09 - Registration of municipal obligations.
67.10 - Fiscal and administrative regulations.
67.101 - Debt amortization in 1st class cities.
67.12 - Temporary borrowing and borrowing on promissory notes.
67.15 - Variable rate obligations.
67.16 - General obligation-local improvement bonds.
67.17 - Diversion of funds, liability of officers for.
67.22 - Issuance stayed by protest.
67.24 - Validation of obligations of incorporated municipality.