personal liability clause
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 69 U.S. 10 - Hawthorne v. Calef · 1864Most cited · 100 citing opinions
pledges the liability or guarantee of the stockholders, to the extent of their stock, to the creditors of the company, and to which pledge or guarantee the stockholders, by subscribing for stock and becoming members of it, have assented. They thereby virtually agree to become security to the creditors for the payment of the debts of the company, which have been contracted upon the faith of this liability.
How often courts cite the case defining “personal liability clause”
Court decisions citing the opinion that defined “personal liability clause” — 100 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.