Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1871-03-24

commence AN action OF the case or bin in equity
without demand or other previous ornaliuos against
any p"rsonor persons ifa bill lin equity Jointly
ally. otherwise severslly. who have subscribed for or
agreed To take stock Ia the said corporation and have
not paid FOR the who have receive dividends
declared from tho capital stock or I'm violation ofnnv
statute: or who has Withdrawn any portion OF tho
eepital stock or cancelled and surrendered any OF
his stock and received any valuable confederation
therefor from the corporations except its own stock
or obg cation for its stock or who has transfer
red auv of his stock 10 tho corrora ton rs ollate
security otherwise. and received any valuable con
>iderntiou therefor aforesaid: and IN such action
may recover the amount Of the capital stock re-
naming unpaid or withdrawn, not exceeding the
amounts of said judgments or the deficiency Of the
assets of such insolvent corporation.
SECT. I. Any of the defendants In any such
.uit may prove that he has already in good faith paid
oy himself or through any othcr person who has as
ing bona hde Judgment, TO any such trustee or
receiver or other such person duly authorized. or
inc corporation Itself, the whole or any part of
amount or amounts tor which he would De Liable I'M
der this ncti or that he has already been In good
faith aud without collision sued for and Is stl In
pfrll OF oping compelled 10 pay. such amount or
amounts In whole or part, To some other person in
which latter the suit may be continued 20 awni
on payment of defendant costs from term To term
or he may prove that the amounts Illegally recciv-
III by him from said corporation were received more
IMAM TWO years before the claim or claims arose
which said judgment was obtained or if the suit Is
Oy trustees, receivers or other such person, more
thnn TWO years before the commencement of the L.
gal proceeding by yirtu" of which such corporation
passed into the hands OF trustees receivers hc
may prove the lnNahdlty OF such judgment In any
particular which could avail the corporation on a
writ OF error, or that said Judgment was not bona
nde or he may prove that he has bona fdC claim or
claims In contract tort several or Joint with other
parsons, against said corporation, absolute CON
ttngent, or which could DO awaited OF hy sct-oh In
court or execution. for the whole or any part of
the amount or amounts for which h. would De Liable
under this act or In hts stock was transferred
20 such corporation collateral security as pay
inent, he may either prove that the same was 80
transferred In good nith security payment for
or Of an anterior liability incurred without any con-
current agreement for the transit such stock and
for which the corporation unable 70 obtain other
M amFh Na
prove that whatever sum was received thereon, has
been in whole or part repaid 60 such corporation.
The proof of any of such matters shall constitute
defense Ms to such defendant In whole or in part
the case may be.
SEor. Z. No stockhodcr IN any corporation in
this state, except In banks shall hereafter Toe liable
Tor the debts OF or cnims against laid corporation
beyond any amount or amounts withdrawn or not
paid in Aforesaid but this shall not Affect lia-
bilitics Of any officer any corporation.
sECT. .. Nothing herein contained shall be- con-
'trued 10 affect any liability any person corpor-
alton or remedy therefor existing when this takes
effect
SE'T. :. 1hi- act shall take effect when approved
Approved February e, ls7i1