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" Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares... "
The Law of Private Corporations: Being the Law of Private Corporations Under ... - Page 68
by John Proffatt - 1876 - 239 pages
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Census Reports Tenth Census. June 1, 1880: United States mining laws ... and ...

United States. Census Office. 10th Census, 1880 - 1885 - 742 pages
...member of any corporation is severally, individually, and personally liable for such proportion of all in such corporation bears to the whole of the subscribed capital stock or shares of the corporation,...
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The Codes and Statutes of California, as Amended and in Force at ..., Volume 1

California - 1886 - 964 pages
...proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares owned by him bears...subscribed capital stock, or shares of the corporation or association. The directors or trustees of corporations and joint-stock associations shall be jointly...
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The national government ; The state governments

James Bryce Bryce (Viscount) - 1888 - 786 pages
...proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares owned by him bears...subscribed capital stock or shares of the corporation or association. The directors or trustees of corporations and joint-stock associations shall be jointly...
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Reports of Cases Decided in the Circuit and District Courts of ..., Volume 13

Lorenzo Smith Boswell Sawyer, United States. Circuit Court (9th Circuit) - 1890 - 704 pages
...proportion of all its debts and liabilities contracted or incurred during the time he was a stockholder, as the amount of stock or shares owned by him, bears...subscribed capital stock or shares of the corporation." Thus the section of the Civil Code, taking its provisions together, is precisely like this provision...
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Journal: Appendix. Reports

California. Legislature - 1891 - 491 pages
...proportion of all its debts and liabilities contracted or incurred during the time he was a stockholder as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock." A decided advantage over all other banks is conferred on Nationals by Section 5153, Revised Statutes,...
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Commentaries on the Law of Private Corporations: Whether with Or ..., Volume 1

Charles Fisk Beach (Jr.) - 1891 - 832 pages
...proportion of all its debts and liabilities contracted or incurred during the time he was stockholder as the amount of stock or shares owned by him bears to the whole of the capital stock," it is held that the Civil Code, ยง 322, adopted in 1876, fixing the stockholders' liability,...
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The Pacific Reporter, Volume 29

1892 - 1178 pages
...individually and personally liabl" for such portions of its debts and liabilities as the amount of shares owned by him bears to the whole of the subscribed capital stock of the corporation. It will be observed from the sections above cited that the liability of the shareholder...
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The American State Reports: Containing the Cases of General Value and ...

Abraham Clark Freeman - 1893 - 1052 pages
...proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares owned by him bears...subscribed capital stock, or shares of the corporation or association." This section prescribes the terms upon which individuals are permitted to transact...
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The American State Reports: Containing the Cases of General Value ..., Volume 37

Abraham Clark Freeman - 1894 - 1024 pages
...chargeable with its proportionate liability of the corporate debts. Section 322 of the Civil Code declares: "Each stockholder of a corporation is individually...subscribed capital stock or shares of the corporation The term ' stockholder,' as used in this section, shall apply not only to such persons as appear by...
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The Convention Manual of the Sixth New York State Constitutional Convention ...

New York (State). Constitutional Convention - 1894 - 1326 pages
...proportion of all its debts and liabilities contracted or incurred during the time he was a stockholder, jih7g <Z# or association. The directors or trustees of corporations and joint-stock associations shall be jointly...
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