ART. 23] INDIVIDUAL LIABILITY. 561

1888, art. 23, sec. 63. 1868, ch. 471, sec. 58.

71. The stock of any corporation created under this article
shall be deemed personal estate, and shall be transferable as
shall be prescribed by the by-laws of the corporation; and no
shares shall be transferable until all previous calls thereon
shall have been paid in, or shall have been declared forfeited
for the non-payment of the calls thereon.

Balto. Retort Co. v. Mali, 65 Md. 96.

Ibid. sec. 64. 1868, ch. 471, sec. 59. 1872, ch. 325.

72. All the stockholders of any such corporation shall be
severally and individually liable to the creditors of the corpo-
ration of which they are stockholders, to an amount equal to
the amount of stock held by them respectively, for all debts
and contracts made by the corporation, until the whole amount
of the capital stock fixed and limited by the corporation shall
have been paid in, and a certificate, thereof mode and filed, as
prescribed in the following section, which certificate may, how-
ever, be filed at any time after thirty days, mentioned in said
section; but no stockholder shall be individually liable to the
creditors of such corporation, except to the amount of his, her
or their unpaid subscription to the capital stock; and the
capital stock so fixed and limited shall be paid in, one-fourth
thereof in one year, one-fourth in two years, one-fourth in
three years, and one-fourth, or the balance, in four years from
and after the incorporation of said company, or such corpora-
tion may be dissolved; provided, however, that it shall be
lawful for the trustees, directors or managers of any such
corporation to collect and enforce the payment of all subscrip-
tions to the capital stock, as other debts are collected after
notice being given, as required by section 78 of this article;
and if suit shall be brought by the trustees, directors or man-
agers of any such corporation, against all delinquent stock-
holders for the full amount of unpaid subscriptions within four
years from the incorporation of said company, such corpora-
tion shall not be dissolved; and provided, furthermore, that
the provisions of this section shall not apply to any home-
stead or building association.

Matthews v. Albert, 24 Md. 527. Norris v. Johnson, 34 Md. 485. Norris
v Wrenschall, 34 Md. 492. Basshor v. Forbes, 36 Md 154. Fiery v.
Emmert, 36 Md. 464. Hager v. Cleveland, 36 Md. 476. Booth v. Campbell,
37 Md. 522. Emmert v. Smith, 40 Md. 123. Garling v. Bechtel, 41 Md. 305.
Weber v. Fickey, 47 Md. 196. Strauss v. Heiss, 48 Md. 292. Fickey v.
36