A Treatise on the Modern Law of Banking, Volume 1 |
From inside the book
Results 1-5 of 63
Page vii
... Managing Officers CHAPTER X. Authority and Liability of Minor Officers and Special Agents ...... CHAPTER XI . 311 380 Imputation of Knowledge Acquired by Officers to their Bank ........ 391 Personal and Double Agency Transactions ...
... Managing Officers CHAPTER X. Authority and Liability of Minor Officers and Special Agents ...... CHAPTER XI . 311 380 Imputation of Knowledge Acquired by Officers to their Bank ........ 391 Personal and Double Agency Transactions ...
Page 1
... managing officers by directors and stockholders . With the expansion of the methods of business , a broader meaning has been given to the phrase , scope of authority . But the greatest judicial triumph is the discovery of a way to ...
... managing officers by directors and stockholders . With the expansion of the methods of business , a broader meaning has been given to the phrase , scope of authority . But the greatest judicial triumph is the discovery of a way to ...
Page 88
... managing the bank's property and regulating the transfer of its stock will justify the creation of a lien in that manner . 64 25. Notice of Lien . Whenever a lien is established by general statute or charter , original holders and ...
... managing the bank's property and regulating the transfer of its stock will justify the creation of a lien in that manner . 64 25. Notice of Lien . Whenever a lien is established by general statute or charter , original holders and ...
Page 199
... managing officers without special authority from the directors . 16 But this is no longer the com- mon rule . Generally two kinds of overdrafts are as clearly justified as any other kind of loan . First , an unintentional overdraft by a ...
... managing officers without special authority from the directors . 16 But this is no longer the com- mon rule . Generally two kinds of overdrafts are as clearly justified as any other kind of loan . First , an unintentional overdraft by a ...
Page 219
... managing officers of a bank both by directors and the public is such that to permit a loan of its money , or that due depositors to them , under any circumstances , seems of doubtful propriety.25 But the sale by a borrowing officer of ...
... managing officers of a bank both by directors and the public is such that to permit a loan of its money , or that due depositors to them , under any circumstances , seems of doubtful propriety.25 But the sale by a borrowing officer of ...
Other editions - View all
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...