A Compilation of the Laws of Minnesota Relating to State Banks, Savings Banks and Trust Companies1925 - Banking law - 56 pages |
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Page 13
... cent of its existing capital and surplus ; for savings bank , fifty per cent of its net surplus ; for a building and loan association , five per cent of its net assets . Any such corporation may change its location , dispose of its ...
... cent of its existing capital and surplus ; for savings bank , fifty per cent of its net surplus ; for a building and loan association , five per cent of its net assets . Any such corporation may change its location , dispose of its ...
Page 18
... cent of its capital actually paid in cash and of its actual surplus fund . Provided , however , that loans not exceeding 25 per cent of such capital and surplus made upon first mortgage security on improved farms in the state of ...
... cent of its capital actually paid in cash and of its actual surplus fund . Provided , however , that loans not exceeding 25 per cent of such capital and surplus made upon first mortgage security on improved farms in the state of ...
Page 19
... cent of the cash value of the security covered by such mortgage . The total liability of any officer or director shall never exceed ten per cent of the same aggregate amount . But the discount of the following classes of paper shall not ...
... cent of the cash value of the security covered by such mortgage . The total liability of any officer or director shall never exceed ten per cent of the same aggregate amount . But the discount of the following classes of paper shall not ...
Page 25
... cent of the amount of deposits and unsecured claims of such banks , then and in such case all other depositors and unsecured creditors shall be held to be subject to such agreement to the same extent and with the same effect as if they ...
... cent of the amount of deposits and unsecured claims of such banks , then and in such case all other depositors and unsecured creditors shall be held to be subject to such agreement to the same extent and with the same effect as if they ...
Page 31
... cent of its true and full value . Sec . 2. Every bank and mortgage loan company shall keep at all times in its office or place of business a full and correct list of the names and residences of the stockholders or parties interested ...
... cent of its true and full value . Sec . 2. Every bank and mortgage loan company shall keep at all times in its office or place of business a full and correct list of the names and residences of the stockholders or parties interested ...
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Common terms and phrases
action agent amount application appointed approved assets assignment authorized securities bank or trust bills of exchange board of directors bonds Branch Banks building and loan by-laws capital stock cent certificate of incorporation Chap commercial paper complied consolidated corporation creditors debt deemed depositors district court dividends duly duties of public employes exceeding execute executor fiduciary filed financial corporations firm or corporation foreclosure holder hundred thousand dollars indebtedness interest invested issue least liabilities liquidation loan associations manner meeting Minnesota mortgage loan company national bank notice oath officer otherwise paid pany payment place of business poration Powers and duties prescribed principal place public examiner vested purpose real estate receiver record register of deeds savings bank savings deposits solvent specified statement superintendent of banks sureties taxes thereafter therein thereof thereto tion transact transfer trust company trust funds usury vested in superintendent vote
Popular passages
Page 32 - ... any greater sum or greater value for the loan or forbearance of any money, goods or things in action, than is above prescribed.
Page 30 - ... knowing at the time of such making, drawing, uttering or delivering, that the maker, or drawer, has not sufficient funds in or credit with such bank or other depository, for the payment of such check, draft, or order, in full, upon its presentaFeiony.
Page 6 - Books—The transfer of shares is not valid, except as between the parties thereto, until it is regularly entered on the books of the company, so far as to show the names of the persons, by and to whom transferred, the number or other designation of the shares, and the date of the transfer...
Page 9 - ... or instrument purporting to be a certificate or evidence' of the ownership of any share or shares of such company or corporation, or any bond or evidence of debt, or writing purporting to be a bond or evidence of debt of such company or corporation, without being first thereto duly authorized by such company or corporation, or contrary to the charter or laws under which such corporation or...
Page 3 - ... the share capital of the company, as altered by the order, the amount of the share capital, the number of shares into which it is to be divided, and the amount of each share, and the amount, if any, at the date of the registration deemed to be paid up on each share, shall register the order and minute.
Page 22 - The superintendent of banks may employ such counsel and procure such expert assistance and advice as may be necessary in the liquidation and distribution of the assets of such bank...
Page 51 - A national bank desiring to exercise any or all of the powers authorized by section 11 ( /,-) of the Federal Reserve Act, as amended by the act of September 26, 1918...
Page 21 - Whenever it shall appear to the superintendent that any corporation or individual banker to which this chapter is applicable has violated its charter or any law of the state, or is conducting its business in an unsafe or unauthorized manner, or if the capital of any such...
Page 29 - State, may forward such instrument for collection directly to the bank on which it is drawn or at which it is made payable and...
Page 9 - ... and shall, with intent to defraud, omit to make, or to cause or direct to be made, a full and true entry thereof in the books and accounts of such body corporate or public company, shall be guilty of a misdemeanor...