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DELANO v. BUTLER

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118 U.S. 634 (1886)

7 S.Ct. 39

30 L.Ed. 260

DELANO, v. BUTLER, Receiver. DELANO, v. BUTLER, Receiver.

Supreme Court of United States.

Decided November 1, 1886.

Attorney(s) appearing for the Case

Mr. George F. Hoar and Mr. Benjamin N. Johnson, for plaintiff in error and appellant.

Mr. A.A. Ranney, for defendant in error and appellee.

Mr. George F. Hoar and Mr. Benjamin N. Johnson, for plaintiffs in error and appellees.

Mr. A.A. Ranney, for defendant in error and appellee.

MR. JUSTICE MATTHEWS, after stating the case as reported above, delivered the opinion of the court.

Section 5151 of the Revised Statutes provides that "the shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested...

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