(610 ILCS 5/16) (from Ch. 114, par. 17)
Sec. 16.
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.)
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