 The shareholders of every national banking association 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,...  The Minnesota Law Journal - Page 51897Full view - About this book
 | William Lyman Fawcett - Finance - 1877 - 302 pages
...One of the directors, to be chosen by the board, shall be the president of the board. (SEC. 5151.) The shareholders of every national banking association...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 invested... | |
 | William Lyman Fawcett - History - 1877 - 288 pages
...One of the directors, to be chosen by the board, shall be the president of the board. (SEC. 5151.) The shareholders of every national banking association...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 invested... | |
 | United States. Circuit Court (4th Circuit) - Admiralty - 1877 - 684 pages
...every banking association shall be inOpinion of the court. dividually responsible, equally and ratahly, 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 invested... | |
 | Ohio - Session laws - 1877 - 650 pages
...each company formed under the provisions of this act shall be held individually responsible, equably and ratably, and not one for another, for all contracts, debts, and engagements of such company, to the extent of the amount of their stock therein, at the par value thereof, in addition... | |
 | United States. Congress. House - United States - 1878 - 668 pages
...legislation of Ohio and other States. Section 5151 of the Revised Statutes of the United States provides that the shareholders of every national banking association...debts and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, iu addition to the amount invested... | |
 | United States - Banking law - 1878 - 308 pages
...each existing bunk or banking association that may accept the provisions of individual iia- this act, shall be held individually responsible, equally and...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 invested... | |
 | Law - 1878 - 560 pages
...remedies or securities of the existing creditors of the association shall be impaired. Again, ยง5151. The shareholders of every national banking association...responsible, equally and ratably, and not one for the other, for all contracts, debts and engagements of such association to the extent of the amount... | |
 | Isaac Grant Thompson - National banks (U.S.) - 1878 - 1018 pages
...in his name, as we have seen. By the 12th section of the National Currency Act, the shareholders are "individually responsible, equally and ratably, and...another, for all contracts, debts and engagements, to the extent of their stock therein, at the par value thereof, in addition to the amount invested... | |
 | John Torrey Morse - Banking law - 1879 - 724 pages
...this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and...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 invested... | |
 | United States. Congress. House - United States - 1879 - 690 pages
...the provisions of the nationalIjank act. 10. The shareholders of every national bank are each made individually responsible, equally and ratably, and...debts, 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;... | |
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