The Law of Banks and Banking: Including Acceptance, Demand and Notice of Dishonor Upon Commercial Paper, with an Appendix Containing the Federal Statutes Applicable to National Banks |
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Page 29
... give terms a wider meaning than when construing a penal statute , or a statutory or con- stitutional prohibition , when it is sought to bring an indi- vidual within the terms of the statute . The business of banking , under the license ...
... give terms a wider meaning than when construing a penal statute , or a statutory or con- stitutional prohibition , when it is sought to bring an indi- vidual within the terms of the statute . The business of banking , under the license ...
Page 42
... gives the power , the other defines the man- ner of its execution . As to a bank- ing corporation given trust powers after the constitution of 1870 , it seems a palpable evasion to give the bank trust powers by a statute ratified by ...
... gives the power , the other defines the man- ner of its execution . As to a bank- ing corporation given trust powers after the constitution of 1870 , it seems a palpable evasion to give the bank trust powers by a statute ratified by ...
Page 43
... give to a corporation part of the power which it did not have . A more perfect non sequitur cannot be imagined . Yet this opinion has been acquiesced in ever since ; but the suppres- sion of state banks of issue is achieved by the. 5 The ...
... give to a corporation part of the power which it did not have . A more perfect non sequitur cannot be imagined . Yet this opinion has been acquiesced in ever since ; but the suppres- sion of state banks of issue is achieved by the. 5 The ...
Page 61
... give a good reason for it . 2 The text expressly applies to con- tract rights . Otherwise it would be incorrect , because a corporation at the same time the act of the corporation may § 33. ] . 61 UNAUTHORIZED BANKING . Ultra vires acts 33.
... give a good reason for it . 2 The text expressly applies to con- tract rights . Otherwise it would be incorrect , because a corporation at the same time the act of the corporation may § 33. ] . 61 UNAUTHORIZED BANKING . Ultra vires acts 33.
Page 65
... give the pro- fession so much trouble , will need to be disregarded , and the case de- cided confined strictly to the facts as they appear in the case . Such general and sweeping declarations as are found in Union Pacific Ry . tinction ...
... give the pro- fession so much trouble , will need to be disregarded , and the case de- cided confined strictly to the facts as they appear in the case . Such general and sweeping declarations as are found in Union Pacific Ry . tinction ...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ... John Maxcy Zane No preview available - 2018 |
Common terms and phrases
acceptance acceptor action agent apply assignment authority bailment Bank of Metropolis Bank of U. S. bank's banker Barb binding Bradw Branch Bank cashier certificate certificate of deposit certified check charter cited City Bank claim collection Conn contract corporation court Cranch creditor custom debt decision demand deposit depositor directors draft drawer duty equity fact Farmers Fourth Nat funds held hold indorser insolvent Iowa knowledge liability lien loan maker Mass matter ment Merchants Minn N. J. Law N. Y. Supp National Bank national bank act negligence notice Ohio St overdraft paper payable payee payment person private banking quasi-contract question received residence rule Smedes statute stockholder suit supra tion transaction transfer trust ultra vires Union Bank Union Nat Union Stock Yards United unless usage waiver Wend
Popular passages
Page 674 - The shareholders of each association formed under the provisions of this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 674 - ... 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 667 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 687 - 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 692 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 667 - Sixth. To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed. Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business...
Page 665 - ... shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with the provisions of this act, which the association may see fit to adopt for the regulation of the business of the association and the conduct of its affairs...
Page 686 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged 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 690 - ... shall be published in a newspaper published in the place where such association is established, or If there is no newspaper In the place, then in the one published nearest thereto in the same county, at the expense of the association; and such proof of publication shall be furnished as may be required by the comptroller.
Page 701 - States, may be sued in respect of any act or transaction of his in carrying on the business connected with such property, without the previous leave of the court in which such receiver or manager was appointed...