A Treatise on the Modern Law of Banking, Volume 1 |
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Page vi
... contract , made for his benefit , supported by an adequate consideration may be en- forced by him , even though he be a stranger . A word may be added concerning the author's use of cases . On fundamental principles no attempt has been ...
... contract , made for his benefit , supported by an adequate consideration may be en- forced by him , even though he be a stranger . A word may be added concerning the author's use of cases . On fundamental principles no attempt has been ...
Page viii
... Contract With Depositor 509 DIVISION 2 . Ownership of Paper Deposited for Collection 519 CHAPTER XVIII . Mode of Making Collections CHAPTER XIX . 537 Relation Between the Collecting Agency , Sub - Agency and Depositor .. 575 CHAPTER XX ...
... Contract With Depositor 509 DIVISION 2 . Ownership of Paper Deposited for Collection 519 CHAPTER XVIII . Mode of Making Collections CHAPTER XIX . 537 Relation Between the Collecting Agency , Sub - Agency and Depositor .. 575 CHAPTER XX ...
Page 10
... contract . " 60 · 12. Number of Required Associators . The mode of incorporating a bank is regulated by positive law . By this the association of persons is essential ; an indi- vidual cannot transform himself into a corporation , 61 ...
... contract . " 60 · 12. Number of Required Associators . The mode of incorporating a bank is regulated by positive law . By this the association of persons is essential ; an indi- vidual cannot transform himself into a corporation , 61 ...
Page 15
... contract with another for cashing its checks.84 17. By What Law Banks Must Organize . Again , wherever a special law exists for enabling individ- uals to organize banks , they cannot organize under a general law providing for the ...
... contract with another for cashing its checks.84 17. By What Law Banks Must Organize . Again , wherever a special law exists for enabling individ- uals to organize banks , they cannot organize under a general law providing for the ...
Page 16
... contracts . It is certain that in making such contracts both parties rely on the responsibility of the future corporation . And if it never appears , an association still exists composed of the members of the intended enterprise . It is ...
... contracts . It is certain that in making such contracts both parties rely on the responsibility of the future corporation . And if it never appears , an association still exists composed of the members of the intended enterprise . It is ...
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Common terms and phrases
action affg agent American Nat amount applied assessment assignee authority bank's bonds Branch Bank by-law capital cashier certificate Chap Chemical Nat circulating notes cited Colo common law Comptroller Conn contract corporation court creditors Currency debt declared deposit depositor directors discount dividends duty endorsed enforce Farmers fraud fund holder Ibid insolvent Iowa Jones Nat knowledge lend lien Mass Mech Merchants Metropolitan Nat Minn N. J. Eq N. J. Law N. Y. App national banking association National State Bank Ohio St organization certificate owner paid parties payment person pledged president principle purchase receiver recover remainderman rule S. W. Ky Savings Bank Second Nat shareholders Smith Stat statute stockholders surety Tenn thereof tion transaction transfer Treasurer ultra vires Union Nat United Wend
Popular passages
Page xxii - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page lxxvi - ... made after the commission of an act of insolvency or in contemplation thereof, with a view to prevent the application of its assets in the manner prescribed by this act, or with a view to the preference of one creditor to another, except in payment of its circulating notes, shall be utterly null and void.
Page lii - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in.
Page li - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page lii - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page xiii - Fifth. To elect or appoint directors, and by its board of directors to appoint a president, vice-president, cashier, and other officers, define their duties, require bonds of them, and fix the penalty thereof, 437 dismiss such officers or any of them at pleasure, and appoint others to fill their places.
Page xxxii - In order to furnish suitable notes for circulation, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury, cause plates and dies to be engraved, in the best manner to guard against counterfeiting and fraudulent alterations, and shall have printed therefrom, and numbered, such quantity of circulating notes, in blank, of the denominations of one dollar, two dollars, three dollars, five dollars, ten dollars, twenty dollars, fifty dollars, one hundred dollars, five...
Page lxiv - Whenever a vote is taken to go into liquidation it shall be the duty of the board of directors to cause notice of this fact to be certified, under the seal of the association, by its president or cashier, to the Comptroller of the Currency, and publication thereof to be made for a period of two months in a newspaper published in the city...
Page liii - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Page xli - July, a tax of one-fourth of one per centum each half year upon the average amount of such of its notes in circulation...