The Laws of the United States Relating to National Banks As Amended : With Cognate Statutes And the Federal Reserve Act, Annotated
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To quickly assess the difficulty of the text, read a short excerpt:
357, Fed. Cas.
No. 13,299, that where less than the par value was assessed, the action might be at law, at the option of the receiver.
8. Though the stockholders are only conditionally liable for the debts of the bank, after all the ordinary resources have been exhausted (Bank v. Kennedy, above cited), still suits to enforce their personal liability may properly be brought before the actual exhaustion of all the assets. Kennedy v. Gibson, 8 Wall. 499, 19 L. ed. 476.
9. When contribution only is... sought, all the stockholders who can be reached ■ by the process of the court may be joined in the suit. It is no objection that there are others beyond the jurisdiction of the court who cannot for that reason be made co-defendants. Id.
10. In ordering an assessment, the stock certificates and the stock ledger are the NATIONAL BANK ACT 103 basis upon which the Comptroller of the Currency, in the absence of fraud or mis- take, must rely. Davis, Receiver, v. Essex Baptist Society, 44 Conn. 582, Fed.
What to read after The Laws of the United States Relating to National Banks As Amended : With Cognate Statutes And the Federal Reserve Act, Annotated?
You can find similar books in the "Read Also" column, or choose other free books by Paine, Willis Seaver, 1848-1927 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
357, Fed. Cas.
No. 13,299, that where less than the par value was assessed, the action might be at law, at the option of the receiver.
8. Though the stockholders are only conditionally liable for the debts of the bank, after all the ordinary resources have been exhausted (Bank v. Kennedy, above cited), still suits to enforce their personal liability may properly be brought before the actual exhaustion of all the assets. Kennedy v. Gibson, 8 Wall. 499, 19 L. ed. 476.
9. When contribution only is... sought, all the stockholders who can be reached ■ by the process of the court may be joined in the suit. It is no objection that there are others beyond the jurisdiction of the court who cannot for that reason be made co-defendants. Id.
10. In ordering an assessment, the stock certificates and the stock ledger are the NATIONAL BANK ACT 103 basis upon which the Comptroller of the Currency, in the absence of fraud or mis- take, must rely. Davis, Receiver, v. Essex Baptist Society, 44 Conn. 582, Fed.
What to read after The Laws of the United States Relating to National Banks As Amended : With Cognate Statutes And the Federal Reserve Act, Annotated?
You can find similar books in the "Read Also" column, or choose other free books by Paine, Willis Seaver, 1848-1927 to read onlineMoreLess
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