Liability of stockholders

1. Law
2. District of Columbia Code
3. Banks and Other Financial Institutions
4. Trust, Loan, Mortgage, Safe Deposit and Title Corporations
5. General
6. Liability of stockholders

All stockholders of every company incorporated under this chapter, or availing itself of its provisions under § 26-1313 shall be severally and individually liable to the creditors of such company to an amount equal to and in addition to the amount of stock held by them respectively for all debts and contracts made by such company.

(Mar. 3, 1901, 31 Stat. 1307, ch. 854, § 734.)

Prior Codifications

1981 Ed., § 26-422.

1973 Ed., § 26-322.

Section References

This section is referenced in § 26-105.

Download our app to see the most-to-date content.