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The National Bank ACT: With All Its Amendments Annotated and Explained
John Melville Gould
No preview available - 2019
action Adopted agent amended amount annual apply appointed assessment assets authorized balances become bill bonds called capital capital stock cause centum certificate charged checks circulating notes claims Clearing House Committee collection companies Comptroller Constitution contract corporation County court creditors Currency debt deposit direction directors dollars duties elected entry examination exchanges Executive existing expenses five funds gold hands held insolvency intent interest issued lawful money less liability limitations loan located Manager manner meaning meeting national bank national banking association necessary notice officers organized paid party payable payment person prescribed present president receiver redeem regulations respective returned rules Secretary SECT shareholders shares statute stockholders suit supra taxation thereof tion Title transfer Treasurer trust United violation vote York
Page 53 - 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 135 - State, subject only to the two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State, and that the shares of any national banking association owned by non-residents of any State shall be taxed in the city or town where the bank is located, and not elsewhere.
Page 61 - ... 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 105 - 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 38 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 114 - Issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment or decree; or who mnkcs any false entry in any book, report...
Page 94 - ... allowed by the laws of the State or territory where the bank is located, and no more, except that where by the laws of any State a different rate is limited for banks of issue, organized under State laws, the rate so limited shall be allowed for associations organized in any such State under this act.
Page 76 - 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 96 - Interest]. —"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 183 - If the directors of any national banking association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this Title, all the rights, privileges, and franchises of the association shall be thereby forfeited.