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" the extent of the amount of the stock therein, at the par value thereof, in addition to the amount invested In such shares. To permit a trust company to purchase shares of its own capital stock would permit it to impair the security intended for the benefit... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxiv
by Michigan. Banking Division - 1922
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...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 invested in such shares; except that shareholders of any banking association now existing under State laws, having not less...
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Acts of the State of Ohio

Ohio - 1877 - 650 pages
...another, for all contracts, debts, and engagements of such company, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares. SEC. 25. It shall be the duty of the auditor, treasurer and secretary of state, or a majority of them,...
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Through the Light Continent; Or, The United States in 1877-8

William Saunders - 1879 - 436 pages
...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 invested in such shares." The private estates of trustees are not responsible, as in this country, as the National Bank Act distinctly...
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Through the Light Continent: Or, The United States in 1877-8

William Saunders - 1879 - 734 pages
...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 invested in such shares." The private estates of trustees are not responsible, as in this country, as the National Bank Act distinctly...
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Albany Law Journal, Volume 24

1881 - 572 pages
...section 12 of the act of 1864, which provides for a liability "to the extent of tho amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares," is that of principals, not of sureties. Such a liability is not one on a "promise to pay the debt,...
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Acts Passed by the General Assembly of Georgia

Georgia - 1881 - 742 pages
...another, for all contracts, debts and engagements of said 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. Liabiiit - of ^ EC- ^" Bf it further enacted, That the stockholders of said SEC. XI. // is further...
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Private and Special Statutes of the Commonwealth of Massachusetts ..., Volume 14

Massachusetts - 1882 - 880 pages
...for all contracts, debts and engagements of said corporation, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares. SECTION 10. Deposits with said corporation which can be withdrawn on demand or upon not exceeding ten...
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Acts of the State of Ohio, Volume 79

Ohio - 1882 - 300 pages
...liable for all contracts, debts and engagements of such company, to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares. The trustees of all companies organized under this act shall, within six months after the incorporation...
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The American Law Register, Volume 21; Volume 30

1882 - 892 pages
...the shareholders in which under the law of this state are liable to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares: 1 Davis Rev. (1876) p. 165, sec. 13. In answer to the questions which were submitted, the jury found,...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - 1887 - 770 pages
...for all contracts, debts and engagements of said corporation, to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares. May be ^point- SECT. 7. Said corporation may be appointed executor or cd executor, etc., under »ny...
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