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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... "
Circular - Page 68
by United States. Farm Credit Administration - 1934
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse - Banking law - 1879 - 724 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...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...
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House Documents, Otherwise Publ. as Executive Documents: 13th ..., Volume 12

United States. Congress. House - United States - 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...for all contracts, debts, and engagements of such association, to the extent of their stock therein, at its par value, in addition to the amount invested...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 17-18

Law reports, digests, etc - 1883 - 1914 pages
...Section 5151 of the national banking act declares "shareholders of every national banking association shall be held individually responsible, equally and...for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at par value thereof, in addition...
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The Federal Reporter, Volume 8

Law reports, digests, etc - 1881 - 956 pages
...shares. * * * The shareholders of each association formed under the provisions of this act * * * shall he held individually responsible, equally and ratably,...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...
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Cases Argued and Determined in the Circuit Courts of the United ..., Volume 3

United States. Circuit Court (5th Circuit), William Burnham Woods - Law reports, digests, etc - 1880 - 844 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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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - National banks (United States). - 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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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 21-22

Law reports, digests, etc - 1884 - 1902 pages
...5151 of the Revised Statutes provides that "the shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all coptracts, debts, and engagements of such association, to the extent of the amount of their stock therein,...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 97-98

Law reports, digests, etc - 1900 - 2044 pages
...Statutes of the United States provides as follows: The shareholders of every national hanking association shall be held Individually responsible, equally and ratably and not one for another, for all ' atracts. debts, and engagements of such association, to the extent of the amount of their stock therein,...
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United States Reports, Supreme Court: Cases Argued ..., Volume 12; Volume 102

United States. Supreme Court - Law reports, digests, etc - 1881 - 822 pages
...since and is now in force in these terms : " The shareholders of every national banking association shall be held individually responsible, equally and...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...
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Reports of Cases Argued and Determined in the Circuit Court of ..., Volume 17

United States. Circuit Court (2nd Circuit) - Law reports, digests, etc - 1881 - 638 pages
...shall be impaired. The shareholders of each association formed under the provisions of this Act * * * shall be held individually responsible, equally and...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...
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