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" ... and the amount due on such execution shall be the amount recoverable with costs, against such shareholder, to the extent of the amount by him due on his shares. "
Reports of the Supreme court of Canada - Page 532
de Canada law reports - 1878
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Reports of Cases Heard and Determined in the Appellate Division ..., Volume 128

New York (State). Supreme Court. Appellate Division - 1908
...the corporation and the execution issued thereon returned unsatisfied in whole or in part, and that the amount due on such execution shall be the amount recoverable, with costs, against the stockholder. The facts set forth in the complaint show no insurmountable obstacle against the plaintiff...
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New York Bar Examination Questions and Answers

Louis Applebome - 1910 - 448 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 Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 811 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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Actions by and Against Corporations at Law and in Equity: Embracing Also ...

Joseph Asbury Joyce - 1910 - 875 pages
...corporation until judgment therefor has been recovered against the corporation, and an execution thereon has been returned unsatisfied in whole or in part, and the amount due on such execution, with costs, is the amount recoverable. These provisions as to judgment and execution, therefore, constitute...
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The New York Supplement

1910
...corporation until Judgment therefor has been recovered against the corporation and execution thereon has been returned unsatisfied, in whole or in part, and the amount due on said execution shall be the amount recoverable, with costs, against the stockholder." I do" not find...
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Accountancy Problems with Solutions, Volume 2

Leo Greendlinger - 1911
...cannot be enforced until judgment for the debt has been recovered against the corporation, and execution has been returned unsatisfied in whole or in part, and the amount due on such execution is the amount recoverable with costs against the stockholder. Stockholders are not personally liable...
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Reports of Selected Cases Decided in Courts of the State of New ..., Volume 70

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1911
...stockholder should, in no event, exceed the amount of the recovery against the corporation. The words "and the amount due on such execution shall be the amount recoverable against the stockholder" are incorporated in and form a part of the section relating to the " Limitation...
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The Canadian Railway Act R. S. C. (1906): Cap. 37, and Amending Acts 1907 ...

Angus Macmurchy, John Shirley Denison - 1911 - 749 pages
...any such shareholder in respect of his said liability until an execution at the siiit of the creditor against the company has been returned unsatisfied in whole or in part. 3 Edw. VII., cap. 58, sec. 108. Compare 8 Vic., cap. 10, sees. 36 and 37 (Imp.). See also notes to...
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Principles of Accounting

John Raymond Wildman - 1913 - 360 pages
...enforced until judgment for the debt has been recovered against the corporation, and execution has been unsatisfied in whole or in part, and the amount due on such execution is the amount recoverable with costs against the stockholder. Stockholders are not personally liable...
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Bradbury's Pleading and Practice Reports, Volume 3

Harry Bower Bradbury - 1914
...section 59 of the Stock Corporation Law (Consol. Laws, ch. 59), which is as follows: Opinion of the Court and the amount due on such execution 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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