LXVI. For the Purpose of ascertaining the Liability of existing and former Shareholders as between themselves, the following Rule shall be adopted; (that is to say,)
(1.) In the Case of a Company other than a Limited Company every Transferee of Shares shall, in a Degree proportioned to the Shares transferred, indemnify the Transferror against all existing and future Debts of the Company:
(2.) In the Case of a Limited Company every Transferee shall indemnify the Transferror against all Calls made or accrued due on the Shares transferred subsequently to the Transfer.
