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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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A General History of Commerce

William Clarence Webster - 1903 - 600 pages
...stockholders were made ratably responsible for the debts of the bank " to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares"; (4) one third of the capital stock of each bank, and not less than $30,000, had to be invested in United...
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Laws of the Territory of New Mexico: Passed by the Legislative Assembly ...

New Mexico - 1903 - 836 pages
...another, for all contracts, debts and engagements of the 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. Sec. 16. Any such corporation shall have the right to become a depository of territorial moneys to...
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1903 - 420 pages
...liable for all contracts, debts and engagements of such 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 or stock; and such individual liabilities shall continue for one year after any transfer or sale of...
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Laws of the Territory of New Mexico

New Mexico - 1903 - 360 pages
...another, for all contracts, debts and engagements of the 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. Sec. 16. Any such corporation shall have the right to become a depository of territorial moneys to...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 464 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; except that shareholders of any banking association now existing under state laws, having not less...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 466 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; except that shareholders of any banking association now existing under state laws, having not less...
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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - 1903 - 696 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 ; except that shareholders of any banking association now existing under State laws, having not less...
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Acts and Resolves Passed by the General Court

Massachusetts - 1903 - 854 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. Boston and SECTION 2. Said corporation is hereby authorized to invest its capital and surplus to an...
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Laws of the State of Wisconsin

Wisconsin - 1903 - 1006 pages
...ratably, not one for another, for the benefit of creditors of said bank to the amount of their stock at the par value thereof, in addition to the amount invested in said stock. Such liability shall continue for six months after any transfer of stock, as to the affairs...
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The Law of Foreign Corporations and Taxation of Corporations Both Foreign ...

Joseph Henry Beale - 1904 - 1208 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. Persons holding stock as executors, administrators, guardians or trustees shall not be personally subject...
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