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" ... 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 at the par value thereof, in addition to the amount... "
Revised Edition of Laws Applicable to the United States Department of ... - Page 563
by United States, United States. Department of Agriculture. Office of the Solicitor - 1945 - 1723 pages
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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - 1904 - 326 pages
...board." SECT. 5151. [Personal Liability of Shareholders].—"The shareholders of every national banking association shall be held individually responsible,...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, except...
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Receiverships of Joint-stock Land Banks Under the Federal Farm Loan Act ...

United States. Congress. House. Committee on Banking and Currency - 1930 - 380 pages
...of not less than five members. Shareholders of every joint-stock land bank organized under this act shall be held individually responsible, equally, and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value thereof, in addition to the...
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Relief to Farm Loan Borrowers: Hearing[s] Before Committee on Banking and ...

United States. Congress. House. Committee on Banking and Currency - 1931 - 196 pages
...which it has indorsed. In addition, the stockholders are individually responsible, equally and ratahly. and not one for another, for all contracts, debts,...amount of stock owned by them at the par value thereof. The income of the association consists of fees collected from borrowers and applicants for loans, fees...
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Federal Farm Loan Act as Amended to July 16, 1932 Exclusive of Provisions ...

United States - 1932 - 80 pages
...liability of shareholders.— Share- § 16 holders of every joint stock land bank organized under this Act shall be held individually responsible, equally and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value thereof, in addition to the...
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Circular

United States. Farm Credit Administration - 1934 - 1028 pages
...of shareholders.—Share- § 16 holders of every joint stock land bank organized under this chapter shall be held individually responsible, equally and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value thereof, in addition to the...
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Refinancing of Farm Mortgages: Hearing Before the Committee on Agriculture ...

United States. Congress. House. Committee on Agriculture - 1935 - 216 pages
...toassociations applying therefore and to charge interest at a rate not exceeding 6 percent per annum. Shareholders of every national farm-loan association...the amount paid! in and represented by their shares. ******* SEC. 12. * * • Third. No loan on mortgage shall be made under this act at a rate of interest...
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Hearing Before the Committee on Agriculture, House of Representatives ...

United States. Congress. House. Committee on Agriculture - 1935 - 216 pages
...associations applying therefore and to charge interest at a rate not exceeding 6 percent per annum. Shareholders of every national farm-loan association...the amount paid in and represented by their shares. ******* SEC. 12. * * * Third. No loan on mortgage shall be made under this act at a rate of interest...
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Laws Applicable to the United States Department of Agriculture, 1935 ...

United States - 1936 - 684 pages
...liability of shareholders. — Shareholders of every joint stock land bank organized under this Act shall be held individually responsible, equally and...for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them at the par value thereof, in addition to the...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 300

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1936 - 792 pages
..."Shareholders of every national farm-loan association shall be held individually 194 Opinion of the Court. responsible, equally and ratably, and not one for...the amount paid in and represented by their shares." Section 9; 12 USC § 744.1 Upon evidence that an association has failed to meet its obligations the...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 302

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1938 - 904 pages
...equally and ratably, and not one for another, for all contracts, debts, and engagements of such bank to the extent of the amount of stock owned by them...the amount paid in and represented by their shares." Before respondents had brought the Illinois suit this Court in Wheeler v. Greene, 280 US 49, had before...
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