...Said institution, under the name of the "Michigan institution for educating the deaf and dumb," shall succeed to all the rights and be subject to all the liabilities of the said institution under the said acts of eighteen hundred and forty-eight or eighteen hundred and...

...under the name of the "Michigan insti- TO succeed to tution for educating the deaf and dumb," shall succeed to all the rights and be subject to all the liabilities of the said institution under the said acts of eighteen hundred and forty-eight or eighteen hundred and...

...the indebtedness and liabilities of the association; that the shares shall be transferable, and that every person becoming a shareholder by such transfer...subject to all the liabilities of prior shareholders), it is not the shareholders at the time a debt accrued, but the shareholders at the time an action is...

...his shares, succeed to all the rights and liabilities of the prior holder of such shares; and that no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired. By section 5151 it is provided...

...proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired. The shareholders of each association...

...proportion to his shares, succeed to all the rights and liabilities of the prior holder of the shares, and no change shall be made In the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired. The shareholders of each association...

...proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies or security of the existing creditors of the association shall be impaired. The shareholders of each association...

...proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares ; and no change shall be made in the articles of association by which the rights, remedies or security of the existing creditors of the assoeiation shall beimpaired." "SEC. 5151. The shareholders...

...be " in proportion to his shares." The clear meaning of the language is that such transferee shall succeed to all the rights and be subject to all the liabilities incident to and growing out of his relation as a stockholder in common with all other stockholders...

...proportion to his shares, succeed to all the rights and liabilities of the prior holder of the shares, and no change shall be made in the articles of association by which the rights, remedies or security of the existing creditors of the association shall be impaired. The shareholders of each association...