Exemption of Property of Stockholders From Debts or Liabilities of Corporation

  1. Law
  2. Georgia Code
  3. Public Utilities and Public Transportation
  4. Railroad Companies
  5. Incorporation and Consolidation of Railroad Companies and Requirements as to Directors and Officers
  6. Incorporation, Organization, Subscription of Capital Stock, Selection of Officers and Directors
  7. Exemption of Property of Stockholders From Debts or Liabilities of Corporation

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All property, whether real or personal, of any stockholder in this state shall be exempt from the debts or liabilities of a railroad corporation, provided that this exemption shall not operate as to the amount of the unpaid subscription of the stockholder to the capital stock of the corporation.

(Ga. L. 1892, p. 37, § 7; Civil Code 1895, § 2165; Civil Code 1910, § 2583; Code 1933, § 94-205.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 18 Am. Jur. 2d, Corporations, §§ 20, 25, 55-57. 18A Am. Jur. 2d, Corporations, §§ 850-852, 855-857, 859-861, 863-915, 917-924.

C.J.S.

- 18 C.J.S., Corporations, §§ 414-421, 423-432. 74 C.J.S., Railroads, §§ 41, 42. 19 C.J.S., Corporations, § 498.


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