ny constitution fresh squeezed 96
Provisions

VIII.7 of 1847 • Liability of stockholders.

APPROVED

The Text

The stockholders in every corporation and joint-stock association for banking purposes, issuing bank notes or any kind of paper credits, to circulate as money, after the first day of January, one thousand eight hundred and fifty, shall be individually responsible, to the amount of their respective share or shares of stock in any such corporation or association, for all its debts and liabilities of every kind contracted after said first day of January, one thousand eight hundred and fifty.


A Few Facts

• Joined the Constitution in 1847

• In Article VIII:

• Has 79 words

• Was proposed by the Constitutional Convention

• Went to NYS voters as proposed amendment 1 of 1846

• Is a new addition

Credits

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