A Treatise on the Law Relating to Banks and Banking: With an Appendix Containing the National Banking Act of June 3, 1864, and Amendments Thereto |
From inside the book
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Page 30
... payable or negotiable at , the bank . For it is a presumption of law that if a customer does so draw upon , or make payable or negotiable at , his bank any of his paper , it is his intent to have the same discharged from his deposit ...
... payable or negotiable at , the bank . For it is a presumption of law that if a customer does so draw upon , or make payable or negotiable at , his bank any of his paper , it is his intent to have the same discharged from his deposit ...
Page 35
... payable at the Bank of the United States , and funds to precisely the amount necessary to meet these coupons having been deposited by the State in the bank just before they fell due , it was held that the bank , under- standing the ...
... payable at the Bank of the United States , and funds to precisely the amount necessary to meet these coupons having been deposited by the State in the bank just before they fell due , it was held that the bank , under- standing the ...
Page 36
... payable to bearer , or other property transferable by delivery merely , and be not ear - marked as trust property , if the customer deposit them as if they were his own , and the banker receives them in due course , bona fide , and with ...
... payable to bearer , or other property transferable by delivery merely , and be not ear - marked as trust property , if the customer deposit them as if they were his own , and the banker receives them in due course , bona fide , and with ...
Page 53
... payable otherwise than immediately and upon demand . If they are payable at a future day certain they are simply promissory notes , neither more nor less . If a bank cannot issue its negotiable promissory note , neither can it issue a ...
... payable otherwise than immediately and upon demand . If they are payable at a future day certain they are simply promissory notes , neither more nor less . If a bank cannot issue its negotiable promissory note , neither can it issue a ...
Page 54
... payable to A. B. , when it is not negotiable . It may be made payable to A. B. or order , when it is negotiable by indorsement . It may be made payable to A. B. or bearer , when it is negotiable by simple delivery . If it be expressed ...
... payable to A. B. , when it is not negotiable . It may be made payable to A. B. or order , when it is negotiable by indorsement . It may be made payable to A. B. or bearer , when it is negotiable by simple delivery . If it be expressed ...
Common terms and phrases
acceptance agent American Exchange Bank amount association authority Bank of Alexandria Bank of Columbia Bank of United Bankers and Banking Barb bill of exchange bind the bank bona fide bond Branch Bank cashier certificate charter circulating notes cited collection comptroller contract corporation County Bank court creditors currency debt decision declared default demand deposit deposit account depositor directors discount doctrine drawer duty effect evidence fact Farmers funds further enacted Grant on Bankers held holder indebtedness indorsement issued knowledge liability lien loan matter ment National Bank National Banking Act notice obligation officer ordinary organization certificate paid paper party payable payee payment Penn person plaintiff presentment president principle promissory note properly question reason received refusal regarded render right of action rule shareholders simply statute sufficient suit supra sureties teller tion transaction transfer Union Bank United usage Utica valid Wend
Popular passages
Page 496 - 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 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 510 - No national banking association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on account of demands of the nature following: "First.
Page 514 - All national banking associations, designated for that purpose by the Secretary of the Treasury, shall be depositaries of public money, except receipts from customs, under such regulations as may be prescribed by the Secretary; and they may also be employed as financial agents of the government; and they shall perform all such reasonable duties as depositaries of public moneys and financial agents of the government, as may be required of them.
Page 105 - ... made after the commission of an act of insolvency, or in contemplation thereof, made with a view to prevent the application of its assets in the manner prescribed by this chapter, 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 526 - 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 522 - ... 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 512 - Provided, That nothing in this act shall be construed to prevent all the shares in any of the said associations, held by any person or body corporate, from being included in the valuation of the personal property of such person or corporation in the assessment of taxes imposed by or under State authority...
Page 509 - ... 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; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according to section fifty-two hundred...
Page 501 - Comptroller shall examine into the condition of such association, ascertain especially the amount of money paid in on account of its capital, the name and place of residence of each of...
Page 495 - The amount of its capital stock and the number of shares into which the same shall be divided.