A Treatise on the Law of Banks and Banking, Volume 2Little, Brown,, 1888 - Banking law |
From inside the book
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Page 694
... implied from con- duct or words . ( 2 ) Part payment by drawer before or after check is due . ( 3 ) Bank's insolvency , or stoppage , or an injunction upon it . ( 4 ) If drawer had no funds . § 421 . ( 5 ) When check is given as ...
... implied from con- duct or words . ( 2 ) Part payment by drawer before or after check is due . ( 3 ) Bank's insolvency , or stoppage , or an injunction upon it . ( 4 ) If drawer had no funds . § 421 . ( 5 ) When check is given as ...
Page 704
... implied , will excuse want of the usual formalities.9 Agreement that check shall be sent to another place to be cashed may enlarge the time of presentment ; a reasonable time under the circumstances will be allowed.10 A check given as ...
... implied , will excuse want of the usual formalities.9 Agreement that check shall be sent to another place to be cashed may enlarge the time of presentment ; a reasonable time under the circumstances will be allowed.10 A check given as ...
Page 717
... implication of law that a single partner is authorized to bind the firm by opening a bank account on its behalf , but in his own individual name.6 Doubtless , also , unless the checks were signed , as is cus- tomary , simply with the ...
... implication of law that a single partner is authorized to bind the firm by opening a bank account on its behalf , but in his own individual name.6 Doubtless , also , unless the checks were signed , as is cus- tomary , simply with the ...
Page 719
... implied authority in the officer so to sign ; or a subsequent ratification by the company of the particular act of signing ; or by proof that the money was actually spent in the due and necessary course of the corporate affairs . But ...
... implied authority in the officer so to sign ; or a subsequent ratification by the company of the particular act of signing ; or by proof that the money was actually spent in the due and necessary course of the corporate affairs . But ...
Page 720
... implied power arising from these sources . Ordinarily , it is assumed , in the absence of specific regula- tion ... implication the same power upon other of- ficers also . This will depend upon the language of the law of the corporate ...
... implied power arising from these sources . Ordinarily , it is assumed , in the absence of specific regula- tion ... implication the same power upon other of- ficers also . This will depend upon the language of the law of the corporate ...
Common terms and phrases
action agent American Exchange Bank amount articles of association assessed assets assignment asso authority bank bills Bank of United bank's banker bill of exchange bona fide holder bonds by-law capital stock certificate charter circulating notes claim collection Comptroller contract corporation court creditors Currency debt debtor declared defendant demand deposit depositor directors discharge dollars draft drawer drawn duty entitled equity fact forfeiture forged forgery funds held hold hundred indebtedness indorsement insolvent issued liability lien loan loss Mass matter ment National Banking Act national banking association negligence notice officers Ohio St organization certificate owner paid paper pari delicto party payable payee payment person plaintiff presented promissory note reason received recover redeem refused rule Savings Bank shareholders shares signature stockholders suit taxation thereof tion transaction transfer Treasury trust U. S. Rev ultra vires United usurious violation
Popular passages
Page 1099 - Such as shall be conveyed to it in satisfaction of debts previously contracted in. the course of its dealings.
Page 1139 - 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; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 1137 - ... 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 1070 - It is, we think, a sound principle, that when a government becomes a partner in any trading company, it divests itself, so far as concerns the transactions of that company, of its sovereign character,, and takes that of a private citizen.
Page 1136 - A summary of the state and condition of every association from whom reports have been received the preceding year, at the several dates to which such reports refer, with an abstract of the whole amount of banking capital returned by them, of the whole amount of their debts and liabilities, the amount of circulating notes outstanding, and the total amount of means and resources, specifying the amount of lawful money held by them at the times of their several returns, and such other information in...
Page 1176 - 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.
Page 1157 - Washington, shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its...
Page 921 - Secretary, shall prescribe; but if a check so received is not paid by the bank on which it is drawn the person by whom such check has been tendered shall remain liable for the payment of the tax and for all legal penalties and additions to the same extent as if such check had not been tendered.
Page 1137 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 1155 - 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 onetenth part of the amount of the capital stock of such association actually paid in.