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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 19
by Michigan. Banking Division - 1895
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Congressional Serial Set

1901 - 890 pages
...responsible, equally and ratably, and not one for another, for all debts of the bank, to the extent of the amount of their stock, at the par value thereof, in addition to the amount invested In such stock, a stockholder can not be required to make good the failure of...
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