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" ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount... "
History of Coinage and Currency in the United States and the Perennial ... - Page 515
by Alonzo Barton Hepburn - 1903 - 666 pages
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 21-22

Law reports, digests, etc - 1884 - 1902 pages
...5151 of the Revised Statutes provides that "the shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all coptracts, debts, and engagements of such association, to the extent of the amount of their stock therein,...
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The Federal Reporter, Volume 80

Law reports, digests, etc - 1897 - 1040 pages
...said bank. The statute provides that such shareholders shall be individually responsible for all debts of such association, to the extent of the amount of their stock therein, and that the receiver "may if necessary to pay the debts of such association" enforce such individual...
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Cyclopaedia of Political Science, Political Economy, and of the ..., Volume 1

John Joseph Lalor - Economics - 1882 - 870 pages
...has been collected from this source. The law provides that the shareholders of every national bank shall be held individually responsible, equally and...another, for all contracts, debts and engagements of the association, to the extent of the amount of their stock therein, at the par value thereof, in addition...
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Private and Special Statutes of the Commonwealth of Massachusetts ..., Volume 14

Massachusetts - Law - 1882 - 880 pages
...of corporation. Real estate. Capital stock. Transfer of stock. be held individually liable, equalty and ratably, and not one for another, for all contracts, debts and engagements of such corporation to the extent of the amount of their stock therein at the par value thereof, in addition...
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Reports of Cases Argued and Decided in the Supreme Court of the ..., Book 26

United States. Supreme Court - Law reports, digests, etc - 1885 - 1302 pages
...bunking association shall be held individually responsible, equally and ratably, and -not oneforanotker, - R aО_l{lJm B BҦQ T (> y f j j\ 4 8J M. ! M֧h%ݒ ?J 0 theamount of their stock therein, at the par value thereof, in idditiou to the amount invested in such...
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Supreme Court Reporter, Volume 2

United States. Supreme Court - Law reports, digests, etc - 1883 - 1004 pages
...shall, In proportion to his shares, succeed to all the rights and liabilities of the prior holder of the shares, and no change shall be made In the articles...responsible, equally and ratably, and not one for another, gfor all contracts, debts, and engagements of such association, to the extent of * thc'amouut of their...
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The New Era in Republican Government: The Dawn of Day; Or, The Laborer's ...

Freeman Otis Willey - United States - 1883 - 180 pages
...his report, before quoted, speaks as follews: " The shareholders of every national bank are each made individually responsible, equally and ratably, and...engagements of such association, to the extent of their stock therein, at its par value, in addition to the amount invested in such shares : thus giving...
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The Supreme Court Reporter, Volume 24

Law reports, digests, etc - 1904 - 906 pages
...another, as sureties to the creditors of such corporation for all contracts and debts of said corporation, to the extent of the amount of their stock therein, at the par value thereof, respectively, at the time the debt was created, in addition to the amount invested in such shares."...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - Law - 1883 - 614 pages
...shareholders of this corporation shall be individually, equally and ratably responsible for its liabilities, to the extent of the amount of their stock therein, at the par value, in addition to the amount invested in such shares. • SECT. 8. The deposits in said corporation shall...
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Pratt's Digest of the Revised Statutes of the United States Relating to ...

A.S. Pratt & Sons - Banking law - 1883 - 130 pages
...directors shall be chosen by the board to be its president. Section -5151 provides that shareholders shall be held individually responsible, equally and ratably, and not one for another, for debts, contracts, and engagements of their bank, to the amount of the par value of their stock in addi*...
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