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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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Digest of the Official Opinions of the Attorneys ..., Volume 17; Volume 25

1908 - 638 pages
...directors would not be inconsistent with the provision of section 5139, Revised Statutes, declaring that "No change shall be made in the articles of association by which the rights, remedies, or security of the existing creditorsof theassociation shall be impaired." Ib.' 6. Same. — The stockholders...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1909 - 1062 pages
...received, succeed to all the rights and liabilities of the prior holders thereof, and no change shall he made in the articles of association by which the rights, remedies. or securities of the existing creditors of the corporation shall be impaired. The shareholders of any shareholderscorporation...
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Laws Relating to Insurance

Michigan - 1909 - 262 pages
...so determined, and such determination shall be deemed a reorganization of such company, and it shall succeed to all the rights and be subject to all the liabilities of the corporation so reorganized, and it shall not be necessary to change the policies or books or mode...
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Laws of the United States Concerning Money, Banking, and Loans, 1778-1909

United States - 1910 - 828 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. 5140. At least fifty...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 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. See note to section 5151,...
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The National-bank Act, as Amended: With Other Laws Relating to National Banks

United States - 1911 - 184 pages
...proportion to h1s 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. HOW PAYMENT OF THE CAPITAL...
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United States Congressional Serial Set

1911 - 46 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. n. And be it further...
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The New York Supplement, Volume 134

1912 - 1274 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." Obviously the words "such...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 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. Act June 3, 1864, c. 106,...
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Rural Credits: Hearings Before the Subcommittee of the ..., Volumes 1-8

United States. Congress. House. Committee on Banking and Currency - 1913 - 316 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. 12. That in all elections...
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