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" In case of excess, the directors under whose administration it shall happen, shall be liable for the same in their natural and private capacities ; and an action of debt may in such case be brought against them, or any of them, their or any of their heirs,... "
At a General Assembly Begun at Dover, in the Delaware State, ... the ... - Page 98
by Delaware - 1816
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The Maryland Code

Maryland - 1870 - 480 pages
...excess, directors personally liaUnles8 they grre notice. Quorum for transaction of business. Dividends. administration it shall happen, shall' be liable for...their natural and private capacities, and an action may, in such cases, be brought against them, or any of them, or their heirs, executors or administrators,...
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The General Statutes of the Commonwealth of Massachusetts, Volume 1

Massachusetts - 1860 - 1158 pages
...bank shall become indebted beyond the amount al- Liability of diknred by the two preceding sections, 5 i # E ؄sX2 oiH$*ln Iօ S2N7w Z N ' 2 -6 z< B f @z excess in their private *«• , ni.in *•' __ . __ j __ __ A! __ -f ___ j ___ j. _____ ?_ ____ t-...
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Acts of the General Assembly of the State of Alabama

Alabama - 1860 - 736 pages
...greater than herein allowed, the President and Directors, under whose administration it may happen, sball be liable for the same in their natural and private capacities, and actions may be brought against them, or either ot them, in any court, by any creditor of said corporation,...
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Laws of the State of Delaware

Delaware - 1866 - 834 pages
...keeping shall not be con- Deposits not sidered as debts within the meaning of the above clause. InSl*" case of excess the directors under whose administration it shall happen shall be individually and in their private capacities liable Liability of in an action of debt for such excess,...
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Acts Passed at the First Session of the Legislative Assembly of the ...

Wisconsin - 1867 - 596 pages
...exceed three times the sum of the capital stock subscribed and actually paid into the said bank ; and in case of excess, the directors under whose administration...shall happen, shall be liable for the same in their separate and private capacities : provided, the bank shall not be able to pay its liabilities ; and...
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A General Digest of the Law of Corporations: Presenting the American ...

Benjamin Vaughan Abbott, Austin Abbott - 1869 - 1028 pages
...stockholders' liability. Where the charter of a bank provided that in case of an over issue of bills, " the directors, under whose administration it shall happen, shall be liable for the same in their private and individual capacity," and also that the stockholders should be liable for the ultimate...
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Political and Official Papers

John Pendleton Kennedy - 1872 - 652 pages
...of dollars, unless the contracting of any greater debt shall have been previously authorized by law. In case of excess, the directors under whose administration...such case, be brought against them, or any of them, their or any of their heirs, executors, or administrators, in any court of record of the United States,...
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The General Statutes of the State of Rhode Island and Providence Plantations ...

Rhode Island - 1872 - 796 pages
...bank, shall not exceed sixty-five per cent, of its capital stock actually paid into said bank ; and in case of excess, the directors, under whose administration it shall happen, shall also be liable for the same in their private capacities, to the creditors of such bank. SEC. 23. In...
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Statutes at Large: Vol. 11 [1839-49].

South Carolina - 1873 - 738 pages
...any tim& owe, shall not exceed the amount of its capital stock stock cai"Ul1 actually paid in, and in case of excess, the Directors under whose administration it shall happen, shall be jointly and severally liable for the same in their individual capacity. Such of the said Directors...
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Revised Code of the Public General Laws of the State of Maryland ..., Volume 1

Maryland - 1879 - 1114 pages
...Directors per- this State, and in cases of excess, the directors under whose adsonuiiy liable, ministration it shall happen, shall be liable for the same in their natural and private capacities, and an action may, in such cases, be brought against them, or any of them, or their heirs, executors, or administrators,...
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