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" ... an amount equal to the amount unpaid on the stock held by him, for all the debts and liabilities of such company, until the whole amount of the capital stock so held by him shall have been paid to the company... "
Accountancy Problems with Solutions - Page 263
by Leo Greendlinger - 1911
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Laws of the State of New York, Volume 2

New York (State) - 1867 - 1404 pages
...stockholders of said corporation shall be jointly and severally liable to the creditors of such corporation, to an amount equal to the amount unpaid on the stock held by him or her, for the debts or liabilities of such corporation, until the whole amount of the capital stock...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

1869 - 972 pages
...it is enacted, that "Each shareholder shall be individually liable to the creditors of the company to an amount equal to the amount unpaid on the stock held by him for the debts and liabilities thereof, and until the whole amount of his stock shall have been paid up,...
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The Provincial Statutes of Canada

Canada - 1851 - 610 pages
...the creditors of the Company ... . ,. ,.., -, i cío. iiij L i • * xi. j i_ ij shareholders mdmii> an amount equal to the amount unpaid on the Stock held by him, for the debts and dually Uabie. liabilities thereof, and until the whole amount of his Stock shall have...
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Annual Report of the Board of Directors, of the Pacific Railroad ..., Volume 1

Pacific Railroad Company - 1851 - 110 pages
...creditors of the Company, to double the amount of their stock. This liability is reduced by the amendments to an amount equal to the amount unpaid on the stock held by each, and that only until the whole of the stock so held shall have been paid in. It was a matter of...
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The American Law Register, Volume 3

1855 - 804 pages
...have been fully paid in. By the tenth section, each stockholder is made individually liable to the creditors to "an amount equal to the amount unpaid on the stock held by him for all debts, until he shall have paid up the whole amount due by him to the company ; and all are made...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volume 3

New York (State). Board of Railroad Commissioners - 1907 - 796 pages
...corporation formed under this act shall be individually liable to the creditors of such corporation, to an amount equal to the amount unpaid on the stock held by him, for all the debts and liabilities of such corporation, until the whole amount of the capital stock so held...
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Reports of Cases Decided in the Court of Common Pleas ..., Volume 5

Ontario. Court of Common Pleas - 1856 - 594 pages
...August, 1851, enacted that each shareholder should be individually liable to the creditors of the company to an amount equal to the amount unpaid on the stock held by him for the debts and liabilities thereof, and until the whole amount of his stock shall have been paid up...
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Practice Reports in the Supreme Court and Court of Appeals, Volume 14

Nathan Howard (Jr.) - 1857 - 614 pages
...merely declares that each stockholder shall be individually liable to the creditors of the company to an amount equal to the amount unpaid on the stock held by him, for all the debts and liabilities of the company, until the whole amount of the capital stock so held by...
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The Statutes of the Territory of Kansas

Kansas - 1857 - 394 pages
...of any company formed under this act shall be individually liable to the creditors of such company to an amount equal to the amount unpaid on the stock held by him for all the debts and liabilities ot: such company, until the whole amount of the capital stock so held...
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Reports of Cases in Law and Equity in the Supreme Court of the ..., Volume 26

Oliver Lorenzo Barbour, New York (State). Supreme Court - 1858 - 718 pages
...of any company formed under this act shall be individually liable to the creditors of such company, to an amount equal to the amount unpaid on the stock held by him, for all debts and liabilities of such company, until the whole amount of VOL. XXVI. 19 Oallaghar T. Ashby....
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