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" The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or association,... "
Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ... - Page 208
by William Lyman Fawcett - 1877 - 270 pages
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The Bankers' Magazine, and Journal of the Money Market, Volume 39

1879 - 1110 pages
...the provisions of the national bank act, 10. The shareholders of every national bank are each made individually responsible, equally and ratably, and...engagements of such association, to the extent of their stock therein, at its par value in addition to the amount invested in such shares ; thus giving...
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894 - 760 pages
...such corporation. SECT. 14. The shareholders of such corporation shall be held individually liable, equally and ratably, and not one for another, for all contracts, debts and engagements of the corporation, to the extent of the amount of their stock therein at the par value thereof, in addition...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 pages
...this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and...and engagements of such association to the extent of amount of their stock therein at the par value thereof, in addition to the amount invested in such...
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Wisconsin Session Laws

Wisconsin - 1868 - 1516 pages
...reformed under the provisions of this act shall be held 8 P° n8iWe individually responsible, equably and ratably, and not one for another, for all contracts, debts and engagements of the corporation, to the extent of the amount of their stock therein, at the par value thereof, in addition...
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Cases Argued and Adjudged in the Supreme Court of the ..., Volume 8; Volume 75

United States. Supreme Court - 1870 - 738 pages
...of banking, now known as our "National Banks," provides, by its 12th section, that the shareholders "Shall be held individually responsible, equally and...engagements of such association, to the extent of their stock therein, at the par value thereof, in addition to the amount invested in such shares, except,...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1872 - 1602 pages
...transferable in such manner as the by laws of said corporation may prescribe, and each stockholder shall be individually responsible, equally and ratably, and not one for another for all debts and engagements of the corporation to the full amount of his whole stock therein at the par value...
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The Laws of Wisconsin

Wisconsin - 1935 - 1308 pages
...amount in excess of ten per centum of the resources of such association. (b) Every such member shall be individually responsible, equally and ratably, and...another, for all contracts, debts, and engagements of the credit union finance corporation. to the extent of the amount of its shares therein at the par...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1873 - 1238 pages
...Domini one thousand eight hundred^and seventy-two, be taken and construed to mean that 'lie sto;kholders shall be held individually responsible, equally and ratably, and not one for another, to the depositors with »uch association, to the extent of and double the amount of the capital slock...
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Cases Argued and Determined in the Circuit and District Courts of ..., Volume 3

United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1874 - 590 pages
...perhaps, as noticeable as any other, in the way of illustration. The shareholders of the association are held individually responsible, equally and ratably,...contracts, debts and engagements of such association to the amount of their stock Union National Bank vs. City of Chicago. therein at the par value in addition...
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The Central Law Journal, Volume 92

1921 - 510 pages
...IS1J. No. 113. i 36, providing that the stockholders of every bank doing business in such state should be held individually responsible equally and ratably,...another, for all contracts, debts, and engagements of the bank, refer to "bank," and not to the Individual ••stockholders." — Maxwell v. Thompson,...
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