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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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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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Michigan Laws Made Plain: Laws and Legal Forms Prepared for the Use of ...

1910 - 112 pages
...secretary of such meeting. STOCKHOLDERS' LIABILITY— The stockholders of every bank shall be individually liable, equally and ratably and not one for another, for the benefit of the depositors to the amount of their stock at the par valuation thereof in addition to the said stock. COMMERCIAL...
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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
...stockholders of corporations or joint stock companies conducting the business of banking shall be 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...
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Branch, Chain, and Group Banking, Volume 2

United States. Congress. House. Committee on Banking and Currency - 1930 - 1056 pages
...individually liable, equally and rata•bly, and not one for another, to satisfy the obligation of said bank to the amount -of their stock at the par value thereof, in addition to the said stock; * * * Such liability may be enforced in a suit at law or in equity by any such bank...
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Branch, Chain, and Group Banking: Hearings Before the Committee on Banking ...

United States Congress. House. Banking and Currency Committee - 1930 - 1104 pages
...be individually liable, equally and ratably, and not one for another, to satisfy the obligation of said bank to the amount of their stock at the par value thereof, in addition to the said stock; * * * 3uch liability may be enforced in a suit at law or in equity by any such bank...
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Annual Report of the Commissioner of the Banking Department of ..., Volume 22

Michigan. State Banking Dept - 1910 - 648 pages
...banks in this state, in part, reads as follows: "The stockholders of every bank shall be individually liable, equally and ratably, and not one for another,...their stock at the par value thereof, in addition to the said stock:" As a general proposition the directors of a bank organized under the general banking...
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Mississippi Reports ... Being Cases Argued and Decided in the ..., Volume 114

Mississippi. Supreme Court - 1917 - 1036 pages
..."The stockholders of every bank shall be individually liable, actually and ratably, and not for one another, for the benefit of the depositors in said...of their stock at the par value thereof in addition to the said stock ; but persons holding stock as executors, administrators, guardians, or trustees,...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1919 - 916 pages
...association which organizes an industrial bank under the provisions of this act shall be individually liable equally and ratably, and not one for another, for the benefit of the owners of un hypothecated investment certificates of any industrial bank, organized by such voluntary...
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