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 4
... exceeding thirty years in the first instance , but may be renewed from time to time for a further term not exceeding thirty years , whenever a three - fourths vote of the stock or members in case of mutual or nonstock corporations ...
... exceeding thirty years in the first instance , but may be renewed from time to time for a further term not exceeding thirty years , whenever a three - fourths vote of the stock or members in case of mutual or nonstock corporations ...
Page 17
... exceeding that sum at least five hundred dollars , and shall take and subscribe an oath that he is the owner in good faith and in his own right of such amount of stock , that the same is not in any way pledged for any loan or debt , and ...
... exceeding that sum at least five hundred dollars , and shall take and subscribe an oath that he is the owner in good faith and in his own right of such amount of stock , that the same is not in any way pledged for any loan or debt , and ...
Page 18
... exceeding 25 per cent of such capital and surplus made upon first mortgage security on improved farms in the state of Minnesota , shall not constitute a liability * Powers and duties of public examiner vested in superintendent of banks ...
... exceeding 25 per cent of such capital and surplus made upon first mortgage security on improved farms in the state of Minnesota , shall not constitute a liability * Powers and duties of public examiner vested in superintendent of banks ...
Page 19
... exceeds by at least ten per cent the amount known * ( loaned ) thereon . Second - When the full amount of every such loan is at all times cov- ered by fire insurance in duly authorized companies , with the limit of their ability to ...
... exceeds by at least ten per cent the amount known * ( loaned ) thereon . Second - When the full amount of every such loan is at all times cov- ered by fire insurance in duly authorized companies , with the limit of their ability to ...
Page 21
... exceeding their liability under the constitution , and order the board of directors to collect such assessment within sixty days thereafter . ( G. S. 1923 , 7685 ) . Assessment , How Enforced - On failure of any stockholder to pay such ...
... exceeding their liability under the constitution , and order the board of directors to collect such assessment within sixty days thereafter . ( G. S. 1923 , 7685 ) . Assessment , How Enforced - On failure of any stockholder to pay such ...
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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 insolvent interest invested issue least liabilities liquidation loan associations located manner Minnesota mortgage loan company national bank notice oath officer otherwise paid 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 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...