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" And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity for all damages which the association, its shareholders, or any other person, shall have sustained... "
International Library of Technology: A Series of Textbooks for Persons ... - Page 481
1906
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United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ...

United States. Supreme Court - Law reports, digests, etc - 1924 - 676 pages
...joint participants. Bigclow v. Old Dominion Copper Co., 225 US Ill, 132. And the liability extends to "all damages which the association, its shareholders,...have sustained in consequence of such violation." In the present action the Bank represents the interest of its shareholders, as well as of its creditors;...
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Digest of Rulings of the Federal Reserve Board (1914-1923, Inclusive): With ...

Board of Governors of the Federal Reserve System (U.S.) - Board of Governors of the Federal Reserve System (U.S.) - 1924 - 444 pages
...noncompliance or violation, other than the failure to become a member bank under the provisions of this Act, every director who participated in or assented to the same shall be held liable in his personal or individual capacity for all damages which said bank, its shareholders, or any other person shall...
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Cases on Private Corporations

George Folger Canfield, Isaac Maurice Wormser - Corporation law - 1925 - 960 pages
...the comptroller of the currency, in his own name, before the association shall be declared dissolved. And in cases of such violation, every director who...have sustained in consequence of such violation." When the banking act was originally passed and this bank was organized, that which is now subdivision...
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The Federal Reporter, Volume 71

Law reports, digests, etc - 1896 - 1020 pages
...of the association shall be forfeited after a violation has been determined by the proper court, and "every director who participated in or assented to...have sustained in consequence of such violation"; that all these appellees were stockholders, and many of them were directors, of this banking association;...
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The Federal Reporter, Volume 41

Law reports, digests, etc - 1890 - 968 pages
...the comptroller of the currency, in his own name, before the association shall be declared dissolved; and, in cases of such violation, every director who...which the association, its shareholders, or any other pei son, shall have sustained in consequence of such violation." Title 62 of the Revised Statutes,...
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The Federal Reporter, Volume 31

Law reports, digests, etc - 1887 - 968 pages
...includes section 5200, the rights, privileges, and franchises of the bank shall be forfeited; and that in cases of such violation every director, who participated...his personal and individual capacity for all damages sustained in consequence of such violation. By force of thesĀ» provisions, the defendants Albert Sowles...
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The Federal Reporter, Volume 78

Law reports, digests, etc - 1897 - 1060 pages
...purpose by the comptroller of the currency, in his own name, before the association shall be dissolved. And in cases of such violation, every director who...assented to the same shall be held liable in his personal aud individual capacity for all damages which tlie association, its shareholders, or any other person,-...
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The Federal Reporter, Volume 173

Law reports, digests, etc - 1910 - 1050 pages
...3515) provides that every director participating In or assentIng to a violation of the act shall be liable In his personal and Individual capacity for all damages which the association aud stockholders or auy other person shall sustain in consequence thereof. Held, that a suit by a stockholder...
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Official Opinions of the Attorneys General of the United States ..., Volume 34

United States. Department of Justice - Administrative law - 1926 - 696 pages
...the Comptroller of the Currency, in his own name, before the association shall be declared dissolved. And in cases of such violation, every director who...have sustained in consequence of such violation." Answering your specific questions I have the honor to advise you as follows : First. National banking...
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The Branch Banking Question

Charles Wallace Collins - Banks and banking - 1926 - 204 pages
...the Comptroller of the Currency, in his own name, before the association shall be declared dissolved. And in cases of such violation, every director who...have sustained in consequence of such violation." Answering your specific questions I have the honor to advise you as follows: First:, National banking...
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