The Canadian Law of Banks and Banking: The Clearing House, Currency and Dominion Notes, Bills, Notes, Cheques and Other Negotiable Instruments |
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Page 8
... directors , ( to be not less than 5 nor more than 10 ) , and the quor- um thereof , the time and manner of electing directors and filling vacancies in the board of directors . No director to 8 1. REVIEW OF BANKING LEGISLATION .
... directors , ( to be not less than 5 nor more than 10 ) , and the quor- um thereof , the time and manner of electing directors and filling vacancies in the board of directors . No director to 8 1. REVIEW OF BANKING LEGISLATION .
Page 9
... board of directors . No director to hold less than $ 3,000 of the stock of the bank , when the paid - up capital thereof is one million dollars or less , nor less than $ 4,000 when such capital is between one million and three millions ...
... board of directors . No director to hold less than $ 3,000 of the stock of the bank , when the paid - up capital thereof is one million dollars or less , nor less than $ 4,000 when such capital is between one million and three millions ...
Page 15
... Board ( sec . 55 ) . 4. New banks were required before commencing business to obtain bonâ fide subscriptions to the extent of $ 500,000 , of which $ 250,000 should be temporarily deposited with the Minister of Finance . The bill , as ...
... Board ( sec . 55 ) . 4. New banks were required before commencing business to obtain bonâ fide subscriptions to the extent of $ 500,000 , of which $ 250,000 should be temporarily deposited with the Minister of Finance . The bill , as ...
Page 16
... Board ( secs . 26 and 28 ) . The amount of reserve required after division of profits ex- ceeding 8 per cent . raised from 20 to 30 per cent . ( sec . 49 ) . The bank forbidden to pledge , assign or hypothecate its notes , and no ...
... Board ( secs . 26 and 28 ) . The amount of reserve required after division of profits ex- ceeding 8 per cent . raised from 20 to 30 per cent . ( sec . 49 ) . The bank forbidden to pledge , assign or hypothecate its notes , and no ...
Page 18
... Board . Prohibition enforced by penalties ( sec . 10 ) . Notes of a suspended bank to bear interest at 5 per cent ... Board empowered to extend the period for hold- ing real or immovable property acquired by the bank for a fur- ther ...
... Board . Prohibition enforced by penalties ( sec . 10 ) . Notes of a suspended bank to bear interest at 5 per cent ... Board empowered to extend the period for hold- ing real or immovable property acquired by the bank for a fur- ther ...
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The Canadian Law of Banks and Banking: The Clearing House, Currency and ... John Delatre Falconbridge No preview available - 2018 |
Common terms and phrases
acceptance acceptor agent amount apply authority Bank Act Bank of England Bank of Hamilton Bank of Montreal Bank of Toronto banker Banque bill drawn bill of lading bill or note bill payable Bills of Exchange by-law Canada Canadian Bank Chalmers Chapter cheque circulation clause clearing house contract court creditor debt delivery deposit directors discharged Dominion notes due course English Act entitled fund given held holder in due honour insolvent instrument issue law merchant liable ment Molsons Bank mortgage negotiable non-acceptance notes to sec notice of dishonour paid party payable on demand payee person presentment for payment primâ facie promissory note protest province provisions Quebec restrictive endorsement Royal Canadian Bank rule shareholders shares signature signed statute sub-sec supra thereof tion transfer Treasury Board Upper Canada warehouse receipt wares and merchandise words
Popular passages
Page 452 - That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.
Page 630 - Notice of dishonor is not required to be given to an indorser in either of the following cases : 1. Where the drawee is a fictitious person or a person not having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2.
Page 448 - But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.
Page 628 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 442 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 486 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 445 - A valuable consideration, in the sense of the law, may consist either in some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered, or undertaken by the other.
Page 456 - Every holder of a bill Is prima facie deemed to be a holder in due course; but if in an action on a bill it is admitted or proved that the acceptance, issue, or subsequent negotiation of the bill, is affected with fraud, duress, or force and fear, or illegality, the burden of proof is shifted, unless and until the holder proves that, subsequent to the alleged fraud or illegality, value has in good faith been given for the bill.
Page 500 - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct, or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.
Page 416 - ... the delivery may be shown to have been conditional or for a special purpose only and not for the purpose of transferring the property in the instrument.