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" ... the general assets of the company are, in the event of the company being wound up, insufficient to satisfy the claims of both the noteholders and the general creditors, then the members, after satisfying the remaining demands of the noteholders, shall... "
The Bankers' Magazine, and Journal of the Money Market - Page 454
1879
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The Journal of Jurisprudence, Volume 23

1879 - 686 pages
...the noteholders and the general creditors, then the members, after satisfying the remaining demands of the noteholders, shall be liable to contribute...of the general creditor as well as the noteholder. It shall be lawful for any bank of issue registered as a limited company to make a statement on its...
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Statutes at Large ...

Great Britain - 1879 - 472 pages
...the noteholders and the general creditors, then the members, after satisfying the remaining demands of the note-holders, shall be liable to contribute...of the general creditor as well as the note-holder. It shall be lawful for any bank of issue registered as a limited company to make a statement on its...
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Our Scotch Banks: Their Position and Their Policy : a Practical ..., Book 303

William Mitchell (S.S.C.) - 1879 - 200 pages
...satisfying the remaining demands of the ' note-holders, shall be liable to contribute towards pay' ment of the debts of the general creditors a sum equal...note-holders out of the ' general assets of the company.' This clause in the Bill has been ingeniously framed with the object apparently of preventing a race...
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Jahrbücher für Nationalökonomie und Statistik, herausg. von B ..., Volumes 33-34

Bruno Hildebrand - 1879 - 1070 pages
...note-holders and the general creditors, then the members, after satisfying the demands of the note-holdere, shall be liable to contribute towards payment of the...equal to the amount received by the note-holders. — Jedoch ist dabei zu berücksichtigen, dass dieses Gesetz nach §. 2 auf die Bank von England keine...
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Jahrbücher für Nationalökonomie und Statistik, Volumes 34-35

Bruno Hildebrand, Johannes Conrad, Edgar Loening, Ludwig Elster, Wilhelm Hector Richard Albrecht Lexis, Heinrich Waentig - 1879 - 1154 pages
...the general creditors, then the mcmbers, after satisfyinij the demands of the note-holder», shall bc liable to contribute towards payment of the debts...equal to the amount received by the note-holders. — Jedoch igt dabei zu berücksichtigen, dass dieses Gesetz nach §. 2 auf die Hank von England keine...
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House Documents, Otherwise Publ. as Executive Documents: 13th ..., Volume 17

United States. Congress. House - 1880 - 1024 pages
...shareholders, in such a case, will Ы called upon to contribute toward the debts of the general creditors' & sum equal to the amount received by the noteholders out of the general assets of the company. The provisions of the law really gnarautw tU circulation — conditioned, of course, upon the solvency...
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The Practice of Banking: Embracing the Cases at Law and in Equity ..., Volume 1

John Hutchison - 1881 - 568 pages
...note-holders "e" and the general creditors, then the members, after satisfying Notes, the remaining demands of the note-holders, shall be liable to contribute...the general creditor, as well as the note-holder." And that " it shall be lawful for any bank of issue registered as a limited company to make a statement...
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The History, Law, and Practice of Banking: With an Appendix of Statutes

Charles MacCarthy Collins - 1881 - 394 pages
...the noteholders and the general creditors, then the members, after satisfying the remaining demands of the noteholders, shall be liable to contribute...of the general creditor as well as the noteholder. It shall be lawful for any bank of issue registered as a limited company, to make a statement on its...
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A Summary of the Law of Companies

Thomas Eustace Smith - 1881 - 192 pages
...the general creditors, the members, after satisfying the remaining demands of the noteholders, are liable to contribute towards payment of the debts...noteholders out of the general assets of the company. Any bank of issue registered as a limited company can make a statement on its notes to the effect that...
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A Treatise on the Law of Joint Stock Companies: Comprising the Companies ...

Henry Hurrell, Sir Clarendon Golding Hyde - 1883 - 478 pages
...the note-holders and the general creditors, then the members, after satisfying the remaining demands of the note-holders, shall be liable to contribute...of the general creditor as well as the note-holder. It shall be lawful for any bank of issue registered as a limited company to make a statement on its...
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