 Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares...  Albany Law Journal - Page 1721879Full view - About this book
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1894 - 778 pages
...provides: f " Each stockholder of a corporation or joint-stock association shall be individually and personally liable for such proportion of all its debts...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation... | |
 | American Bar Association - Bar associations - 1878 - 820 pages
...This new constitution of California provides that each stockholder of a corporation or joint stock association shall be personally liable for such proportion...that the directors and trustees of corporations and joint stock companies shall be jointly and severally liable to the creditors and stockholders for all... | |
 | California - Constitutions - 1879 - 216 pages
...law. § 3. Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock, or shares of the corporation... | |
 | California - Constitutions - 1879 - 442 pages
...law. § 3. Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts...and liabilities contracted or incurred, during the timo he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the... | |
 | Encyclopedias and dictionaries - 1880 - 912 pages
...charges thereof." "Each stockholder of a corporation or jointstock association shall be individually and personally liable for such proportion of all its debts...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation... | |
 | Encyclopedias and dictionaries - 1880 - 914 pages
...stockholder of a corporation or jointstock association shall be individually and personally liable tor such proportion of all its debts and liabilities contracted...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation... | |
 | Henry A. Gaston - Commercial law - 1880 - 336 pages
...law. SEC. 3. Each stockholder of a corporation or joint-stock association shall be individually and personally liable for such proportion of all its debts...incurred during the time he was a stockholder, as the amonnt of stock or shares owned by him bears to the whole of the subscribed capital stock or shares... | |
 | California - Educational law and legislation - 1881 - 126 pages
...law. SEC. 3. Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock, or shares of the corporation... | |
 | California. Constitutional Convention - California - 1881 - 442 pages
...follows: 'Sec. 3. Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts...time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation... | |
 | California - California - 1881 - 432 pages
..." SKO. 3. Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts...during the time he was a stockholder, as the amount of steck or shares owned Ъу him bears to the whole of the subscribed capital stock or shares of the... | |
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