A Treatise on the Modern Law of Banking, Volume 1 |
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Page xii
... persons uniting to form the association , and a copy of them shall be forwarded to the Comptroller of the Currency , to be filed and preserved in his office . ( U. S. Rev. Stat . § 5133. ) 2. Organization Certificate . The persons ...
... persons uniting to form the association , and a copy of them shall be forwarded to the Comptroller of the Currency , to be filed and preserved in his office . ( U. S. Rev. Stat . § 5133. ) 2. Organization Certificate . The persons ...
Page xv
... person becoming a shareholder by such transfer shall , in proportion to his shares , succeed to all the rights and liabilities of the prior holder of such shares ; and no change shall be made in the articles of association of a na ...
... person becoming a shareholder by such transfer shall , in proportion to his shares , succeed to all the rights and liabilities of the prior holder of such shares ; and no change shall be made in the articles of association of a na ...
Page xxii
... Persons holding stock as executors , administrators , guardi- ans , or trustees shall not be personally subject to any ... person interested in such trust funds would be if living and competent to act and hold the stock in his own name ...
... Persons holding stock as executors , administrators , guardi- ans , or trustees shall not be personally subject to any ... person interested in such trust funds would be if living and competent to act and hold the stock in his own name ...
Page xliii
... person is reduced to an amount not exceeding five per centum of the chartered or de- clared capital existing at the time the same was issued , said circulation shall be free from taxation ; and whenever any bank which has ceased to ...
... person is reduced to an amount not exceeding five per centum of the chartered or de- clared capital existing at the time the same was issued , said circulation shall be free from taxation ; and whenever any bank which has ceased to ...
Page xliv
... person , or of the president or cashier of such bank , asso- ciation , corporation , or company , in such form and manner as may be prescribed by the Commissioner of Internal Revenue , that the same contains a true and faithful ...
... person , or of the president or cashier of such bank , asso- ciation , corporation , or company , in such form and manner as may be prescribed by the Commissioner of Internal Revenue , that the same contains a true and faithful ...
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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...