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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,... "
The Federal Reserve Act: A Discussion of the Principles and Operations of ... - Page 182
by Clarence Walker Barron - 1914 - 223 pages
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Reports of Cases Heard and Determined in the Supreme ..., Volume 81; Volume 88

Marcus Tullius Hun, New York (State). Supreme Court - 1894 - 746 pages
...another, for all contracts, debts and engagements of such corporation to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares." FLUST DEPARTMENT, NOVEMBER TERM, 1894. [Vol. 81. " ISTo action shall be brought against a...
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The Northwestern Reporter, Volume 71

1897 - 1212 pages
...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 invested In such shares." Sec71 NW— 23 Uon 5152 enacts that "persons holding stock as executors, administrators, guardians,...
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Hearings and Arguments Before the Committee on Banking and Currency of the ...

United States. Congress. House. Committee on Banking and Currency - 1897 - 626 pages
...one for another, for the contracts, debts, and engagements of said corporation to the extent of their stock therein at the par value thereof, in addition to the amount invested in such shares/' It is a double liability. Mr. CALDERHEAD. Yes, sir; 1 see now that -is the language. Now let...
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The Minnesota Law Journal, Volume 5

1897 - 260 pages
...one for another, for all contracts, debts and engagements of such association, to the amount of their stock 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...
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The Mine, Quarry and Metallurgical Record of the United States, Canada and ...

Mine and Quarry News Bureau - 1897 - 710 pages
...association, accruing while they remain such stockholders, to the extent of the amount of their ."took therein at the par value thereof in addition to the amount invested in «Kh shares. The interest of any person In shares of stock or in a Joint stock company may be garnished...
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Hearings and Arguments Before the Committee ...

United States. Congress. House. Committee on Banking and Currency - 1898 - 748 pages
...every national banking association shall be held individually responsible for all contracts, debt«, and engagements of such association, each to the amount...transfer thereof, within sixty days next before the dale of the failure of such association to meet its obligations, shall be liable to the .«ame extent...
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Report of the ... Annual Meeting of the American Bar Association, Volume 17

American Bar Association - 1894 - 576 pages
...additional security, the shareholders of the bank are made liable to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in their shares. If at any time an impairment or reduction of the funds of the bank devoted to the redemption...
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The Southern Reporter, Volume 78

1918 - 1028 pages
...another for all contracts, debts, and engagements of such companies to the extent of the amount of their stock therein at the par value thereof In addition to the amount Invested In such stock. But the appellee replies that, even if It were conceded, which It Is not, but, on the contrary, Is...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 329

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1947 - 1000 pages
...to the amount invested in such shares . . . ." (Emphasis added.) By § 64 the shareholder was made "individually responsible for all contracts, debts,...in addition to the amount invested in such stock." To what extent § 64 may have modified § 63 has been disputed. See American Trust Co. \. Grut, 80...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 329

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1947 - 1002 pages
...to the amount invested in such shares . . . ." (Emphasis added.) By § 64 the shareholder was made "individually responsible for all contracts, debts,...in addition to the amount invested in such stock." To what extent § 64 may have modified § 63 has been disputed. See American Trust Co. v. Grut, 80...
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