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" ... every person becoming a shareholder by such transfer shall, in 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,... "
Semi-annual Report of the Bank Examiner on the Condition of the State and ... - Page 105
by Wisconsin. Banking Dept - 1897
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American Law Reports Annotated, Volume 45

1926 - 1626 pages
...succeed to all the rights and liabilities of the prior holder of such shares, and that no change should be made in the articles of association by which the rights, remedies, or securities of "existing creditors" of the association should be impaired. The court said: "The object of this legislation...
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Comptroller's Manual for National Banks: Laws, Regulations, Rulings

United States. Office of the Comptroller of the Currency - 1966 - 480 pages
...proportion to his shares, succeed to all 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. Certificates hereafter issued...
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The Comptroller and Bank Supervision: a Historical Appraisal, Volume 10

Ross M. Robertson - 1968 - 288 pages
...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...
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Minnesota Reports: Cases Argued and Determined in the Supreme ..., Volume 57

Minnesota. Supreme Court - 1895 - 616 pages
...GS ch. 33, § 14: "Every person becoming a stockholder therein, shall in proportion to his interest, succeed to all the rights and be subject to all the liabilities of prior stockholders." Section 21: "And the stockholders in each bank shall be individually liable in an amount...
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Case and Comment, Volume 13

1906 - 196 pages
...transfer shall 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 shall be impaired, those who subsequently became creditors of the...
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Revision of the Statutes of New Jersey

New Jersey - 2005 - 1616 pages
...proportion Ib' to his shares, succeed to all the rights and liabilities of prior shareholders; and 7"̸ 5 ʂ r 9Eg nǟ6e<i'Sƃ Ld[mK d S~ 7 #m r X & Restrictions on rights, remedies, or security of its existing creditors shall be weakened c:langeo...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 96

Wisconsin. Supreme Court, Abram Daniel Smith, Philip Loring Spooner, Obadiah Milton Conover, Frederic King Conover, Frederick William Arthur, Frederick C. Seibold - 1898 - 776 pages
...of such association shall be deemed personal property, and shall be transferable on the book of the association ; and every person becoming a shareholder...rights, and be subject to all the liabilities, of prior stockholders." It is argued that these executors are not within the liability of the statute; that...
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Congressional Serial Set, Issue 1179

1863 - 1184 pages
...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...
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Congressional Serial Set

1911 - 48 pages
...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. SEC. ii. And be it further...
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The Revised Statutes of the State of New York: As Altered by ..., Volume 2

New York (State) - 1859 - 1062 pages
...proportion to his shares succeed to all in article*? the rights and liabilities of prior shareholders; and no change "[shall be made in the articles of association by which the rights, remedies or security of its existing creditors shall be weakened or 413. ' impaired. Such association shall not...
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