Handbook of the Law of Banks and Banking |
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Page 297
... directors to make them . Gen- erally the charter provides what officers and agents shall man- age the affairs of the corporation . Usually the management is vested in a board of directors or trustees , who are elected periodically by ...
... directors to make them . Gen- erally the charter provides what officers and agents shall man- age the affairs of the corporation . Usually the management is vested in a board of directors or trustees , who are elected periodically by ...
Page 298
... directors or other officers of a banking corporation , if they act in good faith , within the limits of the corporate powers and within their authority , and use proper prudence and diligence , are not responsible for losses resulting ...
... directors or other officers of a banking corporation , if they act in good faith , within the limits of the corporate powers and within their authority , and use proper prudence and diligence , are not responsible for losses resulting ...
Page 299
... directors organized a corporation among themselves for the purpose of operating the mills as the bank's agent , using its funds , and operated them for the bank at a loss of $ 23,000 , the directors of the bank participating are liable ...
... directors organized a corporation among themselves for the purpose of operating the mills as the bank's agent , using its funds , and operated them for the bank at a loss of $ 23,000 , the directors of the bank participating are liable ...
Page 300
... Directors stand upon a somewhat different footing from the executive officers charged with the duties of transacting the business of the bank and actively managing its affairs . It is their duty to use proper care in the selection of ...
... Directors stand upon a somewhat different footing from the executive officers charged with the duties of transacting the business of the bank and actively managing its affairs . It is their duty to use proper care in the selection of ...
Page 301
... directors are bound to manage the af- fairs of the corporation with the same degree of care and prudence which is generally exercised by business men in their own affairs.139 Most courts declare , however , that the degree of care ...
... directors are bound to manage the af- fairs of the corporation with the same degree of care and prudence which is generally exercised by business men in their own affairs.139 Most courts declare , however , that the degree of care ...
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Other editions - View all
Handbook of the Law of Banks and Banking (Classic Reprint) Francis B. Tiffany No preview available - 2017 |
Common terms and phrases
13 Stat Act June Act March agent amount authority Bank C. C. bank notes Bank of United bank's banker Banks and Banking bill of exchange Bills and Notes bonds cashier Cent certificate of deposit charge Chemical Nat circulating notes collecting bank Comptroller contract courts creditors Currency debt debtor demand depositary bank depositor directors discount drawee drawer duty Farmers funds held holder indorsement insolvent Iowa issue liability lien loan Mass ment Merchants Metropolitan Nat Minn N. J. Law N. Y. Supp National Bank Act Negotiable Instruments Law notice officers Ohio St paid paper pass book payable payee payment person received Savings Bank shareholders statute stockholders Tenn thereof tion transaction Treasury Trust U. S. Comp ultra vires Union Nat United
Popular passages
Page 386 - ... 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 540 - 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 429 - That suits, actions, and proceedings against any association under this Title may be had in any circuit, district, or territorial court of the United States held within the district in which such association may be established, or in any State, county, or municipal court in the county or city in which said association is located having jurisdiction in similar cases.
Page 136 - The acceptor by accepting the instrument engages that he will pay it according to the tenor of his acceptance ; and admits — 1. The existence of the drawer, the genuineness of his signature, and his capacity and authority to draw the instrument; and 2. The existence of the payee and his then capacity to indorse.
Page 546 - B.— 35 draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report, or statement of the association, with intent, in either case, to injure or defraud the association...
Page 552 - 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 127 - A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.
Page 541 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 574 - States or shall bring into the United States or any place subject to the jurisdiction thereof, from any foreign place...
Page 568 - 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.