Hobart v. Gould

Nixon, D. J.

Section 5151 of the Revised Statutes of the United States, among other things, provides that the shareholders of every national hanking association shall he held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such associations, to the extent of the amount *58of their stock therein, at the par value thereof, in addition to the amount invested in such shares; and section 5234 authorizes the comptroller of the currency, on proof of the existence of certain conditions, not necessary to be specified here, to appoint a…