...oath of such president or cashier, shall be transmitted to the Comptroller of the Currency. SEC. 5151. The shareholders of every national banking association...responsible, equally and ratably, and not one for anOpinion of the Court. 202 US That the transfer of stock in corporations, even when in failing circumstances,...

...shares." This provision was changed in 1864, and has been since and is now in force in these terms: "The shareholders of every national banking association...individually responsible, equally and rat-ably, and nut one for another, for all contracts, debts and engagements of such association, to the extent of...

...VOL. CLXV— 39 Opinion of the Court. and engagements of such association, to the amount of thenstock therein, at the par value thereof, in addition to the amount invested in such shares"? As both sides contend that their respective positions are in harmony with decisions heretofore rendered...

...was provided that "the shareholders of every banking or saving association, organized under this law, shall be held individually responsible, equally and ratably, and not one for another, for contracts, debts, and engagements of such association made or entered into to the extent of the amount...

...debts, and engagements of such corporation or association accruing while they remain such stockholders to the extent of the amount of their stock therein at the par value tbereof, ID addition to the amount invested in such shares." 'Section 35 of the banking act, being...

...not necessary to a decision. Section 5151 of the Revised Statutes of the United States provides that "the shareholders of every national banking association...shall be held individually responsible, equally and rata lily, and not one for another, for all contracts, debts, and engagements of such association,...

...which the Federal statute has imposed liability on shareholders of national banking associations. They "shall be held individually responsible, equally and...of their stock therein, at the par value thereof." RS s. 5151. Again: " Persons holding stock as executors, administrators, guardians, or trustees, shall...

...invested in the stock held by him. That act provides that "the shareholders of everynational hanking association shall be held individually responsible,...association, to the extent of the amount of their stock herein, at theparvalue thereof, in addition to the amount Invested in such shares." Rev. St. Ü. S....

...shall be held individually liable, equally and ratably and not one for another, for all contiacts, debts and engagements of such association, to the...in addition to the amount invested in such shares. The provisions contained in chapter one hundred and six of the Public Statutes, sections sixty-two...

...Banks. — The Act of Congress of 1864 provides that the shareholders in a national bank shall be " individually responsible, equally and ratably, and...in addition to the amount invested in such shares." When a national bank is insolvent, the extent to which the individual liability of the shareholders...