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" The shareholders of every national banking association 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,... "
Public Documents of Massachusetts - Page l
by Massachusetts - 1894
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 165

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1897 - 786 pages
...VOL. CLXV— 39 Opinion of the Court. and engagements of such association, to the amount of thenstock therein, at the par value thereof, in addition to the amount invested in such shares"? As both sides contend that their respective positions are in harmony with decisions heretofore rendered...
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The Pacific Reporter, Volume 208

1922 - 1184 pages
...debts, and engagements of such corporation or association accruing while they remain such stockholders to the extent of the amount of their stock therein at the par value tbereof, ID addition to the amount invested in such shares." 'Section 35 of the banking act, being...
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The Pacific Reporter, Volume 51

1898 - 1134 pages
...debts, and engagements of such association made or entered into to the extent of the amount of his stock therein at the par value thereof in addition to the amount Invested in and due on such shares." That the total capital stock of the Park City Bank consists of 500 shares...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 57

Vermont. Supreme Court - 1885 - 748 pages
...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." RS s. 5151. Again: " Persons holding stock as executors, administrators, guardians, or trustees, shall...
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A Treatise on the Law of Private Corporations, Volume 2

Victor Morawetz - 1886 - 642 pages
...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,...in addition to the amount invested in such shares." When a national bank is insolvent, the extent to which the individual liability of the shareholders...
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The Atlantic Reporter, Volume 63

1906 - 1154 pages
...The Legislature saw fit In 1004 to change the statute so that now such stockholders are only liable "to the extent of the amount of their stock therein...thereof, in addition to the amount invested in such stock." So that hereafter the liability will not exceed that of stockholders in banking companies,...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1886 - 778 pages
...equallv and ratably, and not one for another, for all contracts, debts, and engagements, to the extent or amount of their stock therein, at the par value thereof,...in addition to the amount invested in such shares ; and that estates and funds in the hands of executors of persons holding stock shall be liable, in...
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United States Supreme Court Reports, Volume 27

United States. Supreme Court - 1886 - 1086 pages
...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 addi- I a«; i / tion to the amount invested in said shares." The answer sets forth that Johnson became...
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - 1886 - 252 pages
...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,...in addition to the amount invested in such shares ; except that shareholders of any banking association now existing under State laws, having not less...
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The Revised Statutes of the State of Illinois: Embracing All Laws of a ...

Illinois - 1887 - 2194 pages
...ruiably, aud not one for the other, for all contracts, debts and engagements of such person or association to the extent of the amount of their stock therein...in addition to the amount invested in such shares, and it is hereby made the duty of the president and cashier within thirty days after organization to...
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