State Act
1257
Section 1257. Payment to individual shareholder to be rateably distributed among shareholders
Act no. none printed (index gives 0)1867In forceGoa (State Act)
Article 1257 – Payment to individual shareholder to be rateably distributed among shareholders – In case a shareholder receives full payment of his share of a common debt, he shall be liable in case the debtor becomes insolvent to bring the amount received by him to the corpus of the common debt even if he issues receipt only in his individual name.