610 ILCS 5/16

Illinois · Illinois Compiled Statutes 610 ILCS 5 — Railroad Incorporation Act. · Status: effective

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Citation: 610 ILCS 5/16, Illinois, version 1 as recorded 2026-08-15, yourstate.us, https://yourstate.us/provision/1296539
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Each stockholder of any corporation formed under the provisions of this act, shall be held individually liable to the creditors of such corporation to an amount not exceeding the amount unpaid on the stock held by him, for any and all debts and liabilities of such corporation, until the whole amount of the capital stock of such corporation so held by him shall have been paid. (Source: Laws 1871, p. 625.)