Joint Stock Banks Act 1844

Reimbursement of individual Shareholders.

XI. And be it enacted, That every Person against whom or against whose Property or Effects any such Execution shall have issued shall be reimbursed out of the Property and Effects of the Company for all Monies paid, and for all Damages, Costs, and Expences incurred by him by reason of such Execution, or of the Action or Suit in which the same shall have issued, or in default of such Reimbursement, by Contribution from the other Shareholders of the Company.