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" A proportion of power in the direction of the bank shall be reserved to the state, equal at least to its proportion of stock therein. 3. The state, and the individual stockholders, shall be liable, respectively, for the debts of the bank, in proportion... "
Acts of the General Assembly of the State of Alabama - Seite 115
von Alabama - 1862
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A Digest of the Laws of the State of Alabama: Containing All the Statutes of ...

Alabama, John Gaston Aikin - 1833 - 630 Seiten
...of stock therein. 3. The state, and the individual stockholders, shall be liable, respectively, for the debts of the bank, in proportion to their stock holden therein. 4. The remedy for collecting debts shall be reciprocal, for and against the bank. 5. No bank shall...
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Proceedings and Debates of the Convention of the Commonwealth of ..., Band 5

Pennsylvania. Constitutional Convention - 1838 - 696 Seiten
...proportion of stock therein. III. The state and the individual stockholders shall be liable respectively for the debts of the bank, in proportion to their stock holden therein. IV. No bank shall commence operations until half of the capital stock subscribed for, be actually paid...
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Digest of Cases Decided and Reported in the Supreme Court of the State of ...

Philip Phillips - 1840 - 412 Seiten
...of stock therein. 3. The state and the individual stockholders, shall be liable, respectively, for the debts of the bank, in proportion to their stock holden therein. 5. No bank shall commence operations until half of the capital stock subscribed for, be actually paid...
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A Selection of Leading Cases Upon Commercial Law Decided by the ..., Band 725

1847 - 554 Seiten
...proportion of stock therein. "3. The State and individual stockholders shall be liable respectively for the debts of the bank, in proportion to their stock holden therein. " 4. The remedy for collecting debts shall be reciprocal, for and against the bank. " 5. No bank shall...
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The American's Guide

1855 - 576 Seiten
...of stock therein. 3. The state, and the individual stockholders, shall be liable respectively, for the debts of the bank, in proportion to their stock holden therein. 4. The remedy for collecting debts shall be reciprocal, for and against the bank. 15. No bank shall...
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Albany Law Journal, Band 11

1875 - 438 Seiten
...stockholders of a bank, and plaintiff is one of its creditors. By the charter of the bank, stockholders are " bound, respectively, for all the debts of the bank in proportion to their stock holden therein." The action was at law to recover the full amount of plaintiff's debt, without regard to the other creditors...
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Leading American Railway Cases: On Most of the Important Questions Involved ...

Isaac Fletcher Redfield - 1870 - 708 Seiten
...proportion of stock therein. " 3. The state and individual stockholders shall be liable respectively for the debts of the bank, in proportion to their stock holden therein. " 4. The remedy for collecting debts shall be reciprocal, for and against the bank. " 5. No bank shall...
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The Southern Law Review, Band 1

1875 - 870 Seiten
...charter not expressly authorizing it, but simply providing in one section that the stockholders should be " bound respectively for all the debts of the bank...in proportion to their stock holden therein," and in subsequent sections for a bill in equity by any stockholder for the settlement of all the debts...
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The Central Law Journal, Band 2

1875 - 722 Seiten
...of the bank and Bailey one of its creditors. Stockholders are, by art. 1, sec. 16 of the charter, " bound respectively for all the debts of the bank in proportion to their stock holden therein." The action below was at law, by one creditor against one stockholder, to recover the full amount of...
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Cases Argued and Adjudged in the Supreme Court of the United States, Band 20

United States. Supreme Court - 1875 - 750 Seiten
...and admitted. Ilumaston v. Telegraph Company, 21. STOCKHOLDERS. Of a bank whose charter binds them " respectively for all the debts of the bank in proportion to their stock therein " cannot be sued at law, there being numerous other creditors. The remedy is in equity. Pollard...
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