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" ... 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 at the par value thereof, in addition to the amount... "
Practical Information Concerning the Public Debt of the United States: With ... - Page 108
by William Adams Richardson - 1873 - 208 pages
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Cases Argued and Determined in the Circuit Courts of the United ..., Volume 3

United States. Circuit Court (5th Circuit), William Burnham Woods - Law reports, digests, etc - 1880 - 844 pages
...all the rights and liabilities of the prior holder of the shares, among which is that shareholders shall be held individually responsible equally and...ratably, and not one for another, for all contracts and engagements of such association to the extent of the amount of their stock therein, at the par...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 21-22

Law reports, digests, etc - 1884 - 1902 pages
...5151 of the Revised Statutes provides that "the shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all coptracts, debts, and engagements of such association, to the extent of the amount of their stock therein,...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 97-98

Law reports, digests, etc - 1900 - 2044 pages
...Statutes of the United States provides as follows: The shareholders of every national hanking association shall be held Individually responsible, equally and ratably and not one for another, for all ' atracts. debts, and engagements of such association, to the extent of the amount of their stock therein,...
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The Federal Reporter, Volume 80

Law reports, digests, etc - 1897 - 1040 pages
...said bank. The statute provides that such shareholders shall be individually responsible for all debts of such association, to the extent of the amount of their stock therein, and that the receiver "may if necessary to pay the debts of such association" enforce such individual...
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Reports of Cases Argued and Determined in the Circuit Court of ..., Volume 17

United States. Circuit Court (2nd Circuit) - Law reports, digests, etc - 1881 - 638 pages
...creditors of the association shall be impaired. The shareholders of each association formed under the provisions of this Act * * * shall be held individually...stock therein at the par value thereof, in addition to the amount invested in such shares; * * *" In the Revised Statutes these provisions are separated...
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United States Reports, Supreme Court: Cases Argued ..., Volume 12; Volume 102

United States. Supreme Court - Law reports, digests, etc - 1881 - 822 pages
...since and is now in force in these terms : " The shareholders of every national banking association shall be held individually responsible, equally and...stock therein, at the par value thereof, in addition to the amount invested in such shares." Rev. Stat., sect. 5151. The act of 1863 made no provision for...
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Pittsburgh Legal Journal, Volume 28

Law - 1881 - 496 pages
...every national banking association shall be held individually responsible, equally and raUibly, und not one for another, for all contracts, debts and...stock therein, at the par value thereof, in addition to the amount invested in such shares: " Rev. Statutes, US, Sec. 5151. The Act of 1803 made no provision...
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Cyclopaedia of Political Science, Political Economy, and of the ..., Volume 1

John Joseph Lalor - Economics - 1882 - 870 pages
...has been collected from this source. The law provides that the shareholders of every national bank shall be held individually responsible, equally and...another, for all contracts, debts and engagements of the association, to the extent of the amount of their stock therein, at the par value thereof, in addition...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 78

Indiana. Supreme Court, Horace E. Carter, Albert Gallatin Porter, Gordon Tanner, Benjamin Harrison, Michael Crawford Kerr, James Buckley Black, Augustus Newton Martin, Francis Marion Dice, John Worth Kern, John Lewis Griffiths, Sidney Romelee Moon, Charles Frederick Remy - Law reports, digests, etc - 1882 - 684 pages
...true of an incorporated bank, the shareholders in which, under the law of this State, are liable only "to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares." 1 RS 1876, p. 165, sec. 13. It is further claimed that the...
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Acts of the State of Ohio, Volume 79

Ohio - Law - 1882 - 300 pages
...company shall be held individually liable for all contracts, debts and engagements of such company, ;o the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares. The trustees of all companies organized under this act shall,...
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