1883 private laws – Ch.23 Sec.8
0
The chapter text below is provided for context. Scroll down to see the text of the law.
CHAPTER 23 An act to Incorporate the Bank of Goldsboro. The General Assembly of North Carolina do enact:
If any subscriber shall assign his stock before its full payment, he and his assignee and all subsequent assignees thereof shall be liable for its payment, and may be sued jointly or severally by motions as aforesaid, or by civil action, and in every case of delinquency in a sub- scriber or others, the subscription shall be deemed a promissory note, payable to the bank as well in respect to the remedy for recovering the same as in the distribu- tion of the assets of any deceased subscriber.