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" Each shareholder, until the whole amount of his stock has been paid up, shall be individually liable to the creditors of the company to an amount equal to that not paid up thereon, but shall not be liable to an action therefor by any creditor before an... "
Statutes of the Province of Ontario - Page 326
by Ontario - 1872
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Laws of the State of New York, Volume 2

New York (State) - Law - 1867 - 1404 pages
...before an execution shall have been returned unsatisfied, in whole or in part, against said corporation, and the amount due on such execution shall be the amount recoverable, with costs, against such stockholder. <5 12. The said corporation shall possess all the general powers, and be subject to all...
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The Law Journal for the Year 1832-1949: Comprising Reports of Cases in the ...

Law reports, digests, etc - 1869 - 972 pages
...up, but shall not be liable to an action therefor before an execution against the company shall have been returned unsatisfied in whole or in part, and...be the amount recoverable, with costs, against such shareholder." The defendant referred to the Code, and the case made by him was, that there was due...
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Journals ..., Volume 18

Canada. Parliament. Legislative Council - 1860 - 368 pages
...such Director is sued therefor " within one year from the time he ceased to be a Director, nor yet before an execution " against the Company has been...returned unsatisfied in whole or in part ; and the amount " duo on such execution shall be the amount recoverable, with costs, against the Directors." Page 11,...
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The Provincial Statutes of Canada

Canada - Law - 1851 - 610 pages
...; but shall not be liable to an action therefor before an execution against the Company shall have been returned unsatisfied in whole or in part, and...recoverable with costs against such Shareholders. Secondly. The original Capital Stock may be increased from time to time to any stock may be mercasamount,...
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Railway Clauses Consolidation Acts and Acts Relating to the Grand Trunk ...

Canada - Railroad law - 1853 - 156 pages
...; but shall not be liable to an action therefor before an execution against the Company shall have been returned unsatisfied in whole or in part, and...recoverable with costs against such Shareholders. Secondly. The original Capital Stock may be increased from stock may be time to time to any amount,...
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Acts Incorporating the Great Western Railway Company: With the Several Acts ...

Great Western Railway Company (Canada) - Railroad law - 1854 - 354 pages
...; but shall not be liable to any action therefor before an execution against the Company shall have been returned unsatisfied in whole or in part, and...recoverable with costs, against such Shareholders. Secondly. The original Capital Stock may be increased stock may from time to time to any amount, but...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - Law - 1854 - 1002 pages
...execution against the corporation shall have been returned, unsatisfied in whole or in part; and then the amount due on such execution shall be the amount recoverable, with costs, against such stockholders. No action shall be maintained against the said stockholders, under the provisions of...
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Reports of Cases Decided in the Court of Common Pleas ..., Volume 5

Ontario. Court of Common Pleas - Law reports, digests, etc - 1856 - 594 pages
..." but shall not be liable to an action therefor before an execution against the company shall have been returned unsatisfied in whole or in part, and...recoverable with costs against such shareholders." By sec. 16, number 10, the directors may from time to time make such calls of money upon the respective...
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Annual Report of the Board of Railroad Commissioners of the State ..., Volume 3

New York (State). Board of Railroad Commissioners - Railroads - 1907 - 796 pages
...corporation until judgment therefor has been recovered against the corporation, and an execution thereon has been returned unsatisfied in whole or in part,...shall be the amount recoverable, with costs against the stockholder. No stockholder shall be personally liable for any debt of the corporation not payable...
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The Statutes of the Territory of Kansas

Kansas - Law - 1857 - 394 pages
...an execution shall be returned unsatisfied, in whole or in part, against the corporation, and then the amount due on such execution shall be the amount recoverable with costs against such stockholder. ™* el'atesVn Ms hand" u*We' holding such stock as collateral security, shall be personally...
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