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" The stockholders of every bank shall be individually liable, equally and ratably, and not one for another, for the benefit of the depositors in said bank to the amount of their stock at the par value thereof, in addition to the said stock... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 19
by Michigan. Banking Division - 1895
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 120

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1900 - 808 pages
...follows : • 1899] MAY v. SAVINGS BANK. 333 "The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians, or trustees,...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 118

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1900 - 804 pages
...this order. Section 3208e5 provides that — "The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock. * * * Such liability may be enforced in a suit at law or in equity by any such bank...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 161

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1910 - 806 pages
...banks organized under the laws of this State: "The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock. * * *" It is also provided (section 6102) that : "The board of directors of a bank...
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The Pacific Reporter, Volume 208

1922 - 1198 pages
...of; corporations or joint-stock companies conducting the business of banking shall be1 individually liable equally and ratably and not one for another, for the benefit of the depositors of said bank, to the amount of their stock, at the par value thereof, in addition to the par value...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1897 - 786 pages
...dealing with the bank." And, let it be observed, the liability upon shareholders is to the extent of the amount of their stock at the par value thereof, " in addition to the amount invested in such shares." The word " invested " plainly has reference to those who originally...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1887
...stated. Liability of SEC. 46. The stockholders of every bank shall be individually stockholders, liabi^ equally and ratably, and not one for another, for...their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians or trustees, and...
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Documents Accompanying the Journal of the House, Part 3, Issue 2

Michigan. Legislature - 1889 - 730 pages
...stated. Liability of SEC. 40. The stockholders of every bank shall be individually stoc bower«. iiabiei equally and ratably, and not one for another, for...their stock at the par value thereof, in addition to the said stock ; but persons holding stock as executors, administrators, guardians or trustees,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - 1914 - 748 pages
...the Banking Law, which provides as follows: "The stockholders of every bank shall 1и? individually liable, equally and ratably, and not one for another, for the benefit of the depositories in said bank to the amount of their stock at the par value thereof, in addition to the...
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...evidence of the facts herein stated. SEC. 46. The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians or trustees, and...
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Annual Report of the Commissioner of the Banking Department of the ..., Volume 2

Michigan. Banking Division - 1891 - 178 pages
...evidence of the facts herein stated. SEC. 46. The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians or trustees, and...
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