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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... "
Reports of the Supreme court of Canada - Page 514
de Canada law reports - 1878
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Actions by and Against Corporations at Law and in Equity: Embracing Also ...

Joseph Asbury Joyce - 1910 - 962 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, Volume 119

1910 - 1318 pages
...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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The Ordinances of the North-West Territories: Being an Office Consolidation ...

Northwest Territories - 1911 - 728 pages
...stock or .other interest 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...whole or in part; and the amount due on such execution but not beyond the amount so unpaid of his said shares, stock or other interest shall be the amount...
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The Revised Statutes of Saskatchewan, 1909: Proclaimed and ..., Volume 1

Saskatchewan - 1911 - 1334 pages
...individually liable to tb.eportl(m creditors of the company to an amount equal to that not paid up thereon hut shall not be liable to an action therefor by any creditor...whole or in part; and the amount due on such execution but not beyond the amount so unpaid of his said shares, stock or other interest shall be the amount...
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Accountancy Problems with Solutions, Volume 2

Leo Greendlinger - 1911 - 466 pages
...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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The Canadian Railway Act R. S. C. (1906): Cap. 37, and Amending Acts 1907 ...

Angus Macmurchy, John Shirley Denison - 1911 - 820 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 - 376 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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Digest, Canadian Case Law, Volume 4

1914 - 1446 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 the amount due on such execution shall be Ihe amount recoverable with costs against such shareholder?." Article 1,187 of the Civil Code of Lower...
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The Revised Statutes of Manitoba, 1913: Being a Consolidation of the Revised ...

Manitoba - 1914 - 1162 pages
...his stock Liability of 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 in an action therefor by any creditor before an execution against the company has been returned unsatisfied...
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Reports of Cases Determined in the District Courts of Appeal of ..., Volume 23

California. District Courts of Appeal - 1914 - 964 pages
...the statute expressly provided that 'no suit shall be brought against any stockholder,' etc., 'until an execution against the company has been returned unsatisfied in whole or in part,' it was held by the supreme court of the United States in Flash v. Conn, 109 US 371, [27 L. Ed. 966,...
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