1891 private laws – Ch.57 Sec.8
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CHAPTER 57 An act to incorporate Clinton Loan Association. The General Assembly of North Carolina do enact:
That said association shall have a lien upon the stock for debts due it by the holders of said stock and upon all deposits for debts and liabilities to said association from the maker of such deposits in preference to all other creditors, and in case of the insolvency of this corporation the stockholders thereof shall be individually responsible equally and ratably, and not one for another, to creditors of said association to the amount of their stock at the par value thereof.