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 6
... interests , the amount which has been paid in on their shares , and all trans- fers thereof , and such books , or a correct copy thereof , so far as the items mentioned in this section are concerned , shall be subject to the inspection ...
... interests , the amount which has been paid in on their shares , and all trans- fers thereof , and such books , or a correct copy thereof , so far as the items mentioned in this section are concerned , shall be subject to the inspection ...
Page 8
... interest would be if competent to act and holding the stock in their own names , respectively . ( G. S. 1923 , 7483 ) . Dissolution of Corporations Whenever any corporation except a bank of discount and deposit or savings bank has ...
... interest would be if competent to act and holding the stock in their own names , respectively . ( G. S. 1923 , 7483 ) . Dissolution of Corporations Whenever any corporation except a bank of discount and deposit or savings bank has ...
Page 9
... interest , from any person , any money , bank bills , or notes , or certificates or currency , or other notes , checks , bills , drafts , or paper circulating as money , when he knows , or has good reason to know , that such person ...
... interest , from any person , any money , bank bills , or notes , or certificates or currency , or other notes , checks , bills , drafts , or paper circulating as money , when he knows , or has good reason to know , that such person ...
Page 12
... interests , he shall forthwith take possession of its property , and report the matter to the governor for appropriate action . ( G. S. 1923 , 7640 ) . Voluntary Liquidation - Any such corporation , by a majority vote of its directors ...
... interests , he shall forthwith take possession of its property , and report the matter to the governor for appropriate action . ( G. S. 1923 , 7640 ) . Voluntary Liquidation - Any such corporation , by a majority vote of its directors ...
Page 16
... interest on any of the same in advance , and by exercising all the usual and incidental powers and privileges belonging to such business ; but it shall not transact any business except such as is incidental and necessarily preliminary ...
... interest on any of the same in advance , and by exercising all the usual and incidental powers and privileges belonging to such business ; but it shall not transact any business except such as is incidental and necessarily preliminary ...
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Common terms and phrases
action agent amount application appointed approved assets association authorized become bonds capital stock cause cent certificate claims collection commission condition consolidated corporation court creditors debt deemed deposit depositors determine direct directors district dividends duly duties effect evidence exceeding execute existing expenses faith false filed funds further held hold hundred thousand incorporation individual interest invested issue least less liabilities liquidation loan located majority manner meeting Minnesota mortgage necessary notes notice oath officer organized otherwise paid party payment performance person place of business possession Powers and duties prescribed president principal public examiner published purchase real estate reason receiver record relating representative respective safe savings bank securities shares specified statement stockholders superintendent of banks therein thereof thousand dollars tion transact transfer trust company 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...