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" ... every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares... "
Acts, Joint Resolutions, and Memorials - Halaman 147
oleh Minnesota - 1854
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A Selection of Cases on the Law of Private Corporations

Leslie Jay Tompkins - 1908 - 1188 halaman
...transferable on the books of the association ; and every person becoming a shareholder by such transfer shall succeed to all the rights and liabilities of the prior holder. Twenty-third section : No shareholder to be personally liable ; and the association is not to be dissolved...
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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - 1909 - 736 halaman
...transferable on the books of the association ; and every person becoming a shareholder by such transfer, shall succeed to all the rights and liabilities of the -prior holder. 23d section: No share I holder to be personally liable; and the association is not to be dis'solved...
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Money and Banking: A Discussion of the Principles of Money and Credit, with ...

Earl Dean Howard, Joseph French Johnson - 1910 - 546 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares.1 324. Double liability of stockholders. — The shares of stock in a bank differ from...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares ; and no change shall be made in the articles of association by which the rights, remedies,...
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The National-bank Act, as Amended: With Other Laws Relating to National Banks

United States - 1911 - 184 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to h1s shares, succeed to all the rights and liabilities of the prior holder of such shares; and no change shall be made in the articles of association by which the rights, remedies,...
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United States Congressional Serial Set

1911 - 46 halaman
...association; and every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares; and no change shall be made in the articles of association by which the rights, remedies,...
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The New York Supplement, Volume 134

1912 - 1274 halaman
...by-laws and articles of association," and that every person becoming a shareholder "by such transfer" shall succeed to all the rights and liabilities of the prior holder. Held, that a transfer on the books was necessary to make plaintiff a shareholder, and that the mere...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares ; and no change shall be made in the articles of association by which the rights, remedies,...
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Rural Credits: Hearings Before the Subcommittee of the Committee ..., Volume 1-8

United States. Congress. House. Committee on Banking and Currency - 1913 - 316 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares; and no change shall be made in the articles of association by which the rights, remedies,...
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Banking: Part I: Banking Principles

1914 - 600 halaman
...association. Every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares. . . . (30) The item, "surplus fund," signifies that a certain portion of the resources...
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