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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... "
The Code of Virginia: With the Declaration of Independence and the ... - Page 124
by Virginia - 1899 - 1177 pages
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Cases Argued and Determined in the Circuit and District Courts of ..., Volume 3

United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - District courts - 1874 - 590 pages
...perhaps, as noticeable as any other, in the way of illustration. The shareholders of the association are held individually responsible, equally and ratably,...contracts, debts and engagements of such association to the amount of their stock Union National Bank vs. City of Chicago. therein at the par value in addition...
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The Central Law Journal, Volume 92

Law - 1921 - 510 pages
...IS1J. No. 113. i 36, providing that the stockholders of every bank doing business in such state should be held individually responsible equally and ratably,...another, for all contracts, debts, and engagements of the bank, refer to "bank," and not to the Individual ••stockholders." — Maxwell v. Thompson,...
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Institutes of Common and Statute Law, Volume 1

John Barbee Minor - Law - 1876 - 686 pages
...of National Banks provides that " the shareholders of each association," organized under the act, " shall be held individually responsible, equally and...in addition to the amount invested in such shares." (13 US Statutes, 102, § 12; 2 Bright Dig. 54; Rev. Stats. US 1001, § 5151.) In Virginia we have adopted...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1876 - 300 pages
...equally and ratably, and not one for another, for all conNATIONAL BANKS AND BANK CURRENCY. tracts, debts and engagements of such association, to the...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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The Century of Independence: Embracing a Collection, from Official Sources ...

John Russell Hussey - United States - 1876 - 562 pages
...this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and...and engagements of such association to the extent of amount of their stock therein at the par value thereof, in addition to the amount invested in such...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - Law - 1876 - 288 pages
...ratably, but not one for the other, for all contracts, debts and engagements of such corporation to the amount of their stock therein at the par value thereof in addition to the par value of such shares. SECTION 6. That every association formed under the provicorporate...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - History - 1877 - 288 pages
...by the board, shall be the president of the board. (SEC. 5151.) The shareholders of every national banking association shall be held individually responsible,...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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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1877 - 302 pages
...by the board, shall be the president of the board. (SEC. 5151.) The shareholders of every national banking association shall be held individually responsible,...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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Reports of Cases Decided in the Circuit Courts of the United ..., Volume 1

United States. Circuit Court (4th Circuit) - Admiralty - 1877 - 684 pages
...every banking association shall be inOpinion of the court. dividually responsible, equally and ratahly, and not one for another, for all contracts, debts,...in addition to the amount invested in such shares," etc. At the trial of these causes, the only evidence presented by counsel for the plaintiff bearing...
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Acts of the State of Ohio

Ohio - Session laws - 1877 - 650 pages
...each company formed under the provisions of this act shall be held individually responsible, equably and ratably, and not one for 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...
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