 | Commonwealth Club of California - 1918 - 550 pages
...proportion of all its debts and liabili-ties contracted or incurred, during the time he was a stockholder, as the amount of stock or shares owned by him bears to the whote of the subscribed capital stock or shares of the corporation or association. The directors or... | |
 | Commonwealth Club of California - 1918 - 550 pages
...liabilities contracted or incurred, during the time he was a stockholder, as the amount of the stock owned by him bears to the whole of the subscribed capital stock of the corporation. The provision of the constitution as it now reads has had the effect of deterring... | |
 | Anthony Jennings Bledsoe - 1903 - 500 pages
...individually and personally liable for such proportion of the debts of the corporation as the amount of stock owned by him bears to the whole of the subscribed capital stock. That is, if a person owns shares of stock to the amount of $10,000, and the subscribed capital stock... | |
 | Joseph Henry Beale - 1904 - 1208 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." 7 "Each stockholder of a corporation is individually and personally liable for such... | |
 | William Irvin Brobeck - 1904 - 1434 pages
...member of any corporation is severally, individually, and personally liable for such proportion of all its debts and liabilities as the amount of stock or shares owned by him in such corporation bears to the whole of the subscribed capital stock or shares of the corporation,... | |
 | Martha Uboe Overland - 1905 - 472 pages
...liable for such proportion of the corporate debts contracted or incurred while he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock. § 322; Const., Art. XII, § 3; Knowles v. Sandercock, 107 Cal. 6213; Faymonville v. McCullough, 59... | |
 | John Joseph Rahill - 1905 - 464 pages
...liabilities contracted or incurred during the time he was a stockholder, as the amount of stock or number of shares owned by him bears to the whole of the subscribed capital or shares of the corporation. IX. Draw the following promissory notes: (a), Negotiable; (b), Non-negotiable;... | |
 | John Joseph Rahill - 1905 - 466 pages
...liabilities contracted or incurred during the time he was a stockholder, as the amount of stock or number of shares owned by him bears to the whole of the subscribed capital or shares of the corporation. IX. Draw the following promissory notes: (a), Negotiable; (b), Non-negotiable;... | |
 | California. Supreme Court - 1906 - 812 pages
...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... | |
 | 1906 - 746 pages
...Another condition was that each stockholder was individually and personally liable for such proportion of its debts and liabilities as the amount of stock...capital, stock, or shares of the corporation, and any creditor of the corporation may institute joint or several actions against any of its stockholders... | |
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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... 
