 | Law reports, digests, etc - 1895 - 2084 pages
...all the rights, privileges and franchises of the association shall be thereby forfeited. • • • And in cases of such violation, every director who...have sustained In consequence of such violation." It is obvious that the plaintiff, in the inception of this case, had in the enforcement of the defendants'... | |
 | Law reports, digests, etc - 1896 - 2118 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;... | |
 | United States. Congress. House - United States - 1880 - 658 pages
...provides that every director of ¡i national bank who participates in or assents to violation of law " shall be held liable in his personal and individual...association, its shareholders, or any other person shall have the association is directly involved in tlie risks attending this practice. It multiplies excessively... | |
 | Law reports, digests, etc - 1903 - 1112 pages
...participated in or assented to the same shall be held liable in his personal and indlvidual\capaclty for all damages which the association, its shareholders...have sustained in consequence of such violation." Considerable difference of opinion has arisen in the courts concerning the construction to be placed... | |
 | United States. Supreme Court - Law reports, digests, etc - 1883 - 1004 pages
...rights, privileges, and franchises of the association shall be hereby forfeited. * * * And in case of such violation, every director who participated...have sustained in consequence of such violation." We are, therefore, of opinion that the willful misapplication of the moneys and funds of the banking... | |
 | United States. Supreme Court - Law reports, digests, etc - 1883 - 890 pages
...rights, privileges, and franchises of the association shall be thereby forfeited. . . . And in case of such violation, every director who participated...have sustained in consequence of such violation." We are, therefore, of opinion that the wilful misapplication of the moneys and funds of the banking... | |
 | Law reports, digests, etc - 1907 - 1164 pages
...officers of the bank to violate, any of the provisions of those laws, liable for damages which the bank, Its shareholders, or any other person shall have sustained In consequence of such violation. This bill proceeds on the theory that loss has been sustained, but it does not show when, and we are... | |
 | A.S. Pratt & Sons - Banking law - 1886 - 252 pages
...any of the provisions of this Title, all the rights, privileges, and franchises of the association shall be thereby forfeited. Such violation shall,...shall have sustained in consequence of such violation. Sections 5240 and 5241, pages 57 and 58. This section contains a. general penalty for any violation... | |
 | Law reports, digests, etc - 1922 - 958 pages
...of the Currency, in his own name, before the association shall be declared dissolved. And in eases of such violation, every director who participated...have sustained in consequence of such violation." The directors of a national bank, as indicated by the oath which they are required to take on assuming... | |
 | John Torrey Morse (Jr.) - Banking law - 1888 - 712 pages
...Woods, 23; Casey ». Credit Mobilier, 2 Woods, 77; Irons v. Manufacturers' National Bank, 6 Biss. 301. the association, its shareholders, or any other person,...shall have sustained in consequence of such violation. § 54. (5240.} Examiners, Appointment of Occasional.1 — The Comptroller of the Currency, with the... | |
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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... 
