The Law of Banks and Banking: Including Acceptance, Demand and Notice of Dishonor Upon Commercial Paper, with an Appendix Containing the Federal Statutes Applicable to National Banks |
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Page 23
... ment when he loses a case . Addressed to a judge who has made an incorrect decision the remark has some relevancy . The wit tells us that " the law is a hocus pocus science : it smiles in your face while it picks your pocket ; and the ...
... ment when he loses a case . Addressed to a judge who has made an incorrect decision the remark has some relevancy . The wit tells us that " the law is a hocus pocus science : it smiles in your face while it picks your pocket ; and the ...
Page 26
... ment wherein it receives and executes trusts of various kinds , which is not a banking business at all . Often the trust com- pany adds to its other functions a savings department . But this method of classifying banks fulfills no ...
... ment wherein it receives and executes trusts of various kinds , which is not a banking business at all . Often the trust com- pany adds to its other functions a savings department . But this method of classifying banks fulfills no ...
Page 43
... ment was had , and the cause de- cided in a singularly foolish , inept and futile opinion by Justice Mc- Lean . McLean afterwards died in the odor of sanctity because of his action on the slavery question , but this decision ought never ...
... ment was had , and the cause de- cided in a singularly foolish , inept and futile opinion by Justice Mc- Lean . McLean afterwards died in the odor of sanctity because of his action on the slavery question , but this decision ought never ...
Page 72
... ment , and foreign corporations , if they are not engaged in foreign or interstate commerce . " The rule as to banks would be the same as to other corporations , but it is difficult to see how a bank could be engaged in interstate ...
... ment , and foreign corporations , if they are not engaged in foreign or interstate commerce . " The rule as to banks would be the same as to other corporations , but it is difficult to see how a bank could be engaged in interstate ...
Page 73
... ment can claim no priority for its own debts . § 41. Requirement of reports.- Under the national bank- ing act those banking institutions therein provided for are required to make five reports each year , at times to be desig- nated by ...
... ment can claim no priority for its own debts . § 41. Requirement of reports.- Under the national bank- ing act those banking institutions therein provided for are required to make five reports each year , at times to be desig- nated by ...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ... John Maxcy Zane No preview available - 2018 |
Common terms and phrases
acceptance acceptor agent amount apply assignment association authority bailment Bank of Metropolis bank's Barb bill of exchange bill of lading Bradw Branch Bank cashier certificate certificate of deposit certified check cited City Bank claim collection Commercial Bank Comptroller Conn contract corporation court Cranch creditor debt demand deposit depositor draft drawer duty fact Farmers Fourth Nat funds held hold holder indorser insolvent Iowa liable lien loan maker Mass maturity ment Merchants Minn N. J. Eq N. J. Law N. Y. Supp National Bank notice officer Ohio St paper party payable payee payment person place of business presented promissory note quasi-contract reason received residence rule Smedes Smith statute stockholders supra tion transaction trust ultra vires Union Bank Union Nat United unless usurious waiver Wend
Popular passages
Page 667 - 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...
Page 686 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 674 - ... in the hands of such executor, administrator, guardian or trustee, 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 667 - ... 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 687 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed including, in the liabilities of a company or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the Capital stock of such association actually paid in.
Page 692 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 690 - ... shall be published in a newspaper published in the place where such association is established, or If there is no newspaper In the place, then in the one published nearest thereto in the same county, at the expense of the association; and such proof of publication shall be furnished as may be required by the comptroller.
Page 702 - If the directors of any national banking association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this title, all the rights, privileges and franchises of the association shall be thereby forfeited.
Page 696 - ... elect an agent, voting by ballot, in person or by proxy, each share of stock entitling the holder to one vote, and the...
Page 687 - No association shall make any loan or discount 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...