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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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The Supreme Court Reporter, Volume 7

Law reports, digests, etc - 1887 - 1458 pages
...5151 of the Revised Statutes provides that "the •hareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracter debts, and engagements of such association, to the extent of the amount of their stuck therein,...
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Arkansas Reports: Cases Determined in the Supreme Court of the ..., Volume 116

Arkansas. Supreme Court - Law reports, digests, etc - 1916 - 638 pages
...section reads, as follows: "Section 36. The stockholders of every bank doing business in this State shall be held individually responsible equally and...engagements of such 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; provided,...
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Laws of the Territory of Utah Passed by the Legislative Assembly, Volume 28

Utah - Law - 1888 - 264 pages
...SEC. 20. The shareholders of every bank- !£,*"" ing or savings association organized under this law shall be held individually responsible, equally and...another, for all contracts, debts and engagements of such association made or entered into to the extent of the amount of his stock therein at the par value...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - Banking law - 1888 - 712 pages
...(6) (5151.) Liability of Shareholders.2 — The shareholders of every national banking association shall be held individually responsible, equally and...for all contracts, debts, and engagements of such association, to 1 Van Allen ». The Assessors, 3 Wall. 573. See Lien on Shares, §§ 112, 112 a. 2...
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The American State Reports: Containing the Cases of General Value ..., Volume 3

Abraham Clark Freeman - Law reports, digests, etc - 1888 - 978 pages
...A ct. — The act of Congress of 1864 provides that the share-holders of a national bank shall be " individually responsible, equally and ratably, 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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Extracts from the Laws of the United States Relating to Currency and Finance

United States - Finance, Public - 1889 - 90 pages
...this act, and of each existing bank or banking assoelation 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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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - National banks (U.S.) - 1889 - 824 pages
...the Revised Statutes provides that " the shareholders of every National banking association 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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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - Banking law - 1889 - 120 pages
...shareholders of every national bank holders. ing association shall be held individually responsible, eqnalk and ratably, and not one for another, for all contracts, debts, and engagements of such association, to the extent of tin-, amount of their stock therein, at the par value thereof, û Exception...
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Laws of the United States Relating to Currency, Finance, and Banking from ...

United States - Banking law - 1891 - 332 pages
...banking ass.v 180 BANK ACT : DEPOSIT OP BONDS. [1864. ciation 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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Commentaries on the Law of Private Corporations: Whether with Or ..., Volume 1

Charles Fisk Beach (Jr.) - Corporation law - 1891 - 832 pages
...statute.6 Thus the federal statute7 providing that "the shareholders of every national banking association shall be held individually responsible, equally and...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...
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