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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... "
Practical Information Concerning the Public Debt of the United States: With ... - Page 108
by William Adams Richardson - 1873 - 208 pages
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National Bank Cases: Containing All Decisions of Both the Federal and State ...

Isaac Grant Thompson - 1878 - 1018 pages
...in his name, as we have seen. By the 12th section of the National Currency Act, the shareholders are "individually responsible, equally and ratably, and...another, for all contracts, debts and engagements, to the extent of their stock therein, at the par value thereof, in addition to the amount invested...
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Albany Law Journal, Volume 17

1878 - 560 pages
...association shall be impaired. Again, §5151. The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for the other, for all contracts, debts and engagements of such association to the extent of the amount...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse - 1879 - 724 pages
...divided into shares of one hundred dollars each, and be deemed personal property and transferable ou the books of the association in such manner as may...stock therein at the par value thereof, in addition to the amount invested in such shares ; except that shareholders of any banking association now existing...
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House Documents, Otherwise Publ. as Executive Documents: 13th ..., Volume 12

United States. Congress. House - 1879 - 690 pages
...the provisions of the nationalIjank act. 10. The shareholders of every national bank are each made individually responsible, equally and ratably, and...engagements of such association, to the extent of their stock therein, at its par value, in addition to the amount invested in such shares; thus giving...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 17-18

1883 - 1914 pages
...Section 5151 of the national banking act declares "shareholders of every national banking association shall be held individually responsible, equally and...the extent of the amount of their stock therein, at par value thereof, in addition to the amount invested in such shares." This position on the part of...
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The Federal Reporter, Volume 8

1881 - 956 pages
...United States, among other things, provides that the shareholders of every national banking association shall be held individually responsible, equally and...for all contracts, debts, and engagements of such associations, to the extent of the amount of their stock therein, at the par value thereof, in addition...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 7-8

1881 - 1900 pages
...United States, among other things, provides that the shareholders of every national banking association shall be held individually responsible, equally and...for all contracts, debts, and engagements of such associations, to the extent of the amount of their stock therein, at the par value thereof, in addition...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 35-36

1888 - 1906 pages
...this direction at all. That makes the shareholders of every national banking association responsible " for all contracts, debts, and engagements of such...the extent of the amount of their stock therein." Rev. St. US § 5151. The contract is the contract of the bank; the shareholders have nothing whatever...
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Acts Passed by the General Assembly of Georgia

Georgia - 1880 - 476 pages
...and ratably, and j^'.^. not one for another, for all contracts, debts and engagements oferasaid bank, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such stock. Approved October 14, 1879. CHARTER OF GEORGIA BANKING AND TRUST...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880 - 638 pages
...all the rights and liabilities of the prior holder of the shares, among which is that shareholders shall be held individually responsible equally and...ratably, and not one for another, for all contracts and engagements of such association to the extent of the amount of their stock therein, at the par...
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