 | Law reports, digests, etc - 1911 - 1162 pages
...out In the petition of plaintiff as the basis of its action. Section 5239, supra, provides: "And ¡n cases of such violation, every director who participated...have sustained in consequence of such violation." Counsel for plaintiff In error contend that, the unlawful action of the defendants being the primary... | |
 | Horace White - Banks and banking - 1911 - 576 pages
...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 have sustained in consequence of such violation. Such dissolution shall not take away or impair any remedy against such corporation, its stockholders... | |
 | Idaho - Electronic journals - 1911 - 942 pages
...liable in his personal and individual capacities for all damage which the association, the bank, the shareholders, or any other person shall have sustained in consequence of such violation. SEC. 44. The total liabilities of any bank or trust company, of any person or persons, or of any company,... | |
 | Idaho - Electronic journals - 1911 - 888 pages
...liable in his personal and individual capacities for all damage which the association, the bank, the shareholders, or any other person shall have sustained in consequence of such violation. SEC. 44. The total liabilities of any bank or trust company, of any person or persons, or of any company,... | |
 | Alfred Owen Crozier - Banks and banking - 1912 - 434 pages
...violate any of the provisions of this title, all the rights, privileges and franchises of the association shall be thereby forfeited. Such violation shall,...have sustained in consequence of such violation." The Comptroller's report clearly shows that on September I, 1911, just 4,389 of the 7,331 national... | |
 | Francis Buchanan Tiffany - Banking law - 1912 - 732 pages
...of the National Bank Act, every director who participated in or assented to such violation is liable for all damages which the association, its shareholders, or any other person sustains in consequence thereof. Such liability may be enforced by the association, or by a receiver,... | |
 | William Henry Kniffin - Savings-banks - 1913 - 588 pages
...shall be held liable in his personal and individual capacity for all damages which the corporation, its shareholders, or any other person shall have sustained in consequence of such violation." New Hampshire is quite liberal, for "No savings bank shall make a loan to any of its officers, nor... | |
 | Curtis Hillyer - Civil procedure - 1914 - 1628 pages
...Treasury, for such purpose only and in such manner as he may determine and order. chises of the association al Supervision. — To exercise general supervision...Permit to Act as Trustee, Executor, Administrator. — 190. Appointment of Examiners — Compensation. — (§5240.) [As amended 1875.] The Comptroller of... | |
 | William John Tossell - Law reports, digests, etc - 1914 - 816 pages
...of the currency, in his own name, before the association shall be declared dissolved." Section 157. "And in cases of such violation every director who...have sustained in consequence of such violation." It is held in National Exch. Bank v. Peters, supra, that this section prescribes an exclusive method... | |
 | Clarence Walker Barron - Banking law - 1914 - 232 pages
...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 have sustained in consequence of such violation." XIII THE OLD AND THE NEW RESERVES. Having shown in Article 9 the possibility of two billion credit... | |
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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... 
