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
| Illinois - 1889 - 716 pages
...stockholders as follows: "The shareholders of each association formed under the provisions of this act, shall be held individually responsible equally and ratably, and not one for the other, for all contracts, debts, and engagements of such person or association to the extent of... | |
| Maine - Law - 1889 - 776 pages
...holders of the notes thereof in preference to ull other creditors; the stockholders of the corporation shall be held individually responsible, equally and ratably, and not one for the other, for all the contracts, debts, and engagements of the corporation to the extent of the amount... | |
| Canada - 1921 - 1084 pages
...business of lending on farm mortgage security and issuing farm loan bonds ; the shareholders were to be individually responsible, equally and ratably, and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value ; the capital was to be $250,000... | |
| United States. Supreme Court - Law reports, digests, etc - 1940 - 1096 pages
...Section 16 of the Federal Farm Loan Act provides that the shareholders of every joint stock land bank "shall be held individually responsible, equally and ratably, and not one for another, for all ... debts ... of such bank to the extent of the amount of stock owned by them at the par value thereof.... | |
| United States - Law - 1971 - 1248 pages
...liability of shareholders. Shareholders of every Joint-stock land bank organized under this chapter shall be held individually responsible, equally and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value thereof, In addition to the... | |
| North Carolina - Session laws - 1897 - 848 pages
...stockholders. Carolina or that may hereafter operate by virtue of any charter or law of North Carolina shall be held individually responsible equally and...and not one for another for all contracts, debts and agreements of such association to the extent of the amounts of their stock therein at the par value... | |
| United States - 1945 - 928 pages
...liability of shareholders. — Shareholders of every joint-stock land bank organized under this chapter § 1134k. Ownership of stock by associations borrowing...bank's guaranty fund by associations not authorized to bank to the extent of the amount of stock owned by them at the par value thereof, in addition to the... | |
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