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" The stockholders of every bank shall be individually liable, equally and ratably, and not one for another, for the benefit of the depositors in said bank to the amount of their stock at the par value thereof, in addition to the said stock... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lii
by Michigan. Banking Division - 1910
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Laws of the State of Mississippi

Mississippi - 1916 - 790 pages
...Liability of stockholders. — The stockholders of every bank shall be individually liable, actually and ratably, and not one for another, for the benefit...the par value thereof, in addition to the said stock ; but persons holding stock as executors, administrators, guardians or trustees shall not be personally...
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The Pacific Reporter, Volume 155

1916 - 1226 pages
...severally and individually liable, equally and ratably, for all debts of the corporations to the extent of the amount of their stock at the par value thereof, in addition to the amount invested in stock, is several and individual, created in, favor of all who are creditors...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1919 - 864 pages
...follows: "The stockholders of every bank shall be Individually liable, equally and ratably, and nod one for another, for the benefit of the depositors...par value thereof, in addition to the said stock; but persons holding stock as executors, administrators, guardians, or trustees, and persons holding...
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Public Acts of the Legislature of the State of Michigan Passed at the ...

Michigan - 1919 - 914 pages
...and not one for another, for the benefit of the owners of unhypothecated investment certificates of said bank to the amount of their stock at the par value thereof, in addition to the said stock ; and the members of a voluntary association which organizes an industrial bank under the provisions...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1920 - 840 pages
...follows : "The stockholders of every bnnk shall be Individually liable, equally and ratably, and nor one for another, for the benefit of the depositors...the par value thereof, in addition to the said stock : but persons holding stock as executors, administrators, guardians, or trustees, and persons holding...
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Corporation Laws of the State of Oregon Relating to the Organization and ...

Oregon - 1920 - 136 pages
...be individually liable equally and ratably and not one for another, for the benefit of depositors of said bank, to the amount of their stock, at the par value thereof, in addition to the par value of such shares. [Sec. 3, Art. XI, Const.] § 4. Compensation for Property Taken by...
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Bailments, Carriers and Sales: With Questions, Problems and Forms ..., Book 3

Alfred William Bays - 1920 - 480 pages
...liable "equally and ratably and not for one another" for the indebtedness of the bank, to the extent of the amount of their stock, at the par value thereof, in addition to the amount invested therein. State' laws have similar provisions in case of state banks. This is...
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The Pacific Reporter, Volume 213

1923 - 1220 pages
...trust company doing a banking business shall be liable to the creditors of such bank or trust company to the amount of their stock at the par value thereof, in addition to the stock held by them." Respondent defends the action on the ground that the portion of said section...
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Paton's Digest: A Digest of Legal Opinions of Thomas B. Paton ..., Volume 2

Thomas Bugard Paton - 1926 - 1408 pages
..."the stockholders of every bank shall be individually liable, actually and ratalily. und not for one another, for the benefit of the depositors in said...their stock at the par value thereof, in addition tu the said stock. . . It follows that under the Bank Act of 1914 the stock in question is subject...
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The Oregon Constitution and Proceedings and Debates of the Constitutional ...

Oregon, Oregon. Constitutional Convention - 1926 - 554 pages
...individually liable equally and ratably and not one for another, for the benefit of the depositors of said bank, to the amount of their stock, at the par value thereof, in addition to the par value of such shares.* •Proposed by the Twenty-sixth Legislative Assembly (SJR No. 18)....
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