Chap. 22.—An ACT to prescribe the mode by which unpaid subscriptions to
joint-stock companies may be recovered by said companies, their receivers,
or assignee.

Approved December 19, 1895.

1. Be it enacted by the general assembly of Virginia, That all
suits or motions for the recovery of unpaid subscriptions to the
stock of any joint-stock company, shall be brought in the courts
of common law of this commonwealth, in the county or corporation
where the defendant resides, and said courts shall have exclusive
jurisdiction to hear and determine all questions involving the
validity of such subscriptions.

2. In all such cases the defendant shall be entitled to a jury,
where the amount involved exceeds twenty dollars. All pleas, de-
fences and evidence, which would be admissible if the company
were solvent, shall be equally admissible, and shall have the same
effect in law in any action brought after the insolvency of any
such company; and this act shall apply to all suits heretofore or
hereafter brought, where no final judgment or decree, on the merits,
has been rendered.

3. All acts and parts of acts inconsistent herewith, are hereby
repealed.

4. This act shall be in force from its passage.