Section 
63, R.S. § 5151, related to individual liability of shareholders.
Section 
64, act Dec. 23, 1913, ch. 6, § 23, 
38 Stat. 273, related to transfer of shares as affecting individual liability of shareholders. Limitation on liability of shareholders, see section 
64a of this title.
The status of former section 
63 of this title had been doubtful. At different times it had been held to have been repealed, superseded, and superseded only in part by former section 
64 of this title which related to the same subject. See American T. Co. v. Grut, C.C.A. 1935, 80 F.2d 155; Miller v. Hamner, C.C.A. 1920, 269 F. 891; and First Nat. Bank v. First Nat. Bank, D.C. 1926, 14 F.2d 129.