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" 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 5
1897
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 57

Vermont. Supreme Court - Law reports, digests, etc - 1885 - 748 pages
...which the Federal statute has imposed liability on shareholders of national banking associations. They "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." RS s. 5151. Again: " Persons...
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United States Supreme Court Reports, Volume 27

United States. Supreme Court - Law reports, digests, etc - 1886 - 1086 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 addi- I a«; i / tion to...
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A Treatise on the Law of Private Corporations, Volume 2

Victor Morawetz - Corporation law - 1886 - 642 pages
...Banks. — The Act of Congress of 1864 provides that the shareholders in a national bank shall be " individually responsible, equally and ratably, 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...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - Law reports, digests, etc - 1886 - 778 pages
...declare that the shareholders of national banking associations shall be individually responsible, equallv and ratably, and not one for another, for all contracts, debts, and engagements, to the extent or amount of their stock therein, at the par value thereof, in addition to the amount...
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - Banking law - 1886 - 252 pages
...this subject will be carefully answered. 33. Individual Liability of Shareholders. SECTION 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...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - Law - 1899 - 724 pages
...chosen by the board of directors, shall be president of the board. 19. The shareholders of every state banking association shall be held individually responsible...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...
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The Supreme Court Reporter, Volume 7

Law reports, digests, etc - 1887 - 1458 pages
...and appellees. * 'MATTHEWS, J. Section 5151 of the Revised Statutes provides that "the •hareholders of every national banking association shall be held...equally and ratably, and not one for another, for all contracter debts, and engagements of such association, to the extent of the amount of their stuck therein,...
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The Southwestern Reporter, Volume 210

Law reports, digests, etc - 1919 - 1016 pages
...is worded somewhat differently. It provides that the shareholders of national banking associations shall be held "individually responsible, equally and...and not one for another, for all contracts, debts," etc. At the time our constitutional amendment was formulated, its authors must have been familiar with...
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United States Supreme Court Reports, Volume 30

United States. Supreme Court - Law reports, digests, etc - 1887 - 1244 pages
...provisions of the statute which declare that the shareholders of national banking associations shall be individually responsible, equally and ratably, and...another, for all contracts, debts and engagements, to the extent or amount of their stock therein, at the par value thereof, in addition to the amount...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 121

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1887 - 714 pages
...have directed their proofs." By the original national banking act, § 5151 Rev. Stac., it was declared that " the shareholders of every national banking...shall be held individually responsible, equally and rat ably, and not one *or another, for all contracts, debts, and engagements of such association, to...
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