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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... "
Debates and Proceedings of the Constitutional Convention of the State of ... - Page 1199
by California - 1881 - 1578 pages
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 97

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1894 - 778 pages
...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 or shares of the corporation or association." It is proper to state that the sole question presented by this record is the right to enforce an assessment...
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Revised Laws of the State of California: In Four Codes : Political ..., Volume 2

California, California. Commission to Revise the Laws of California - 1871 - 894 pages
...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, for the recovery of which joint or several actions ma}' be instituted and prosecuted ; and in any such...
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The Civil Code of the State of California, Volume 1

California - 1872 - 728 pages
...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, for the recovery of which joint or several actions may be instituted and prosecuted; and in any such...
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Statutes of California and Digests of Measures

California - 1874 - 524 pages
...sonally liable for such proportion of its debts and liabilities as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation, and for a like proportion only of each debt or claim against the corporation. Any creditor of the corporation...
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The Law of Private Corporations: Being the Law of Private Corporations Under ...

John Proffatt - 1876 - 252 pages
...personally liable for such portions of its debts and liabilities as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation, and for a like proportion only of each debt or claim against the corporation. Any creditor of the corporation...
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The Civil Code of the State of California: As Enacted in 1872, and Amended ...

California - 1876 - 622 pages
...personally liable for such portions of its debts and liabilities as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation, and for a like proportion only of each debt or claim against the corporation. Any creditor of the corporation...
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Annual Report of the American Bar Association: Including ..., Volume 1

American Bar Association - 1878 - 820 pages
...capital stock ; and that the directors and trustees of corporations and joint stock companies shall be jointly and severally liable to the creditors and...moneys embezzled or misappropriated by the officers of the corporation during the term of office of the director or trustee. The legislature is not authorized...
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The Pacific law encyclopedia

Jabez Franklin Cowdery - 1878 - 842 pages
...personally liable for such proportion of its debts and liabilities as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock or shares of the corporation, and for a like proportion only of each debt or claim against the corporation. Any creditor of the corporation...
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The Constitution of the United States and the Constitutions of California ...

California - 1879 - 216 pages
...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,...during the term of office of such director or trustee. § 4. The term corporations, as used in this article, shall he construed to include all associations...
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The Constitution of the State of California Adopted in 1879: With References ...

California - 1879 - 442 pages
...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,...during the term of office of such director or trustee. in, XI, 6; Ind. XI, 6; Iowa, УШ, 9; Minn. X, 3; Neb. XI, Misc. 7; Or. Personal liability.— Au act...
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