A Treatise on the Law of National and State Banks: Including the Clearing House and Trust Companies : with an Appendix Containing the National Bank Act as Amended, and Instructions Relative to the Organization of National Banks |
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Page xiv
... ACCEPTANCES . Section 251. When note made payable at bank 254. Special deposit , when accepted to pay note . - Duty ... accepting payment for collection . 279. Collecting bank's liability as indorser . 280. When bank liable for fraud or ...
... ACCEPTANCES . Section 251. When note made payable at bank 254. Special deposit , when accepted to pay note . - Duty ... accepting payment for collection . 279. Collecting bank's liability as indorser . 280. When bank liable for fraud or ...
Page 61
... acceptance , each subscriber becomes liable . An action against the subscriber to stock upon his subscrip- tion according to its terms , is not an action under the statute to recover assessments upon the subscribed capital stock.3 3 The ...
... acceptance , each subscriber becomes liable . An action against the subscriber to stock upon his subscrip- tion according to its terms , is not an action under the statute to recover assessments upon the subscribed capital stock.3 3 The ...
Page 62
... accepting and acting upon the proposi- tions offered by the several subscriptions . When thus ac- cepted , the promise may be construed to have legal effect ac- cording to its purpose and intent , and the practical neces- sity of the ...
... accepting and acting upon the proposi- tions offered by the several subscriptions . When thus ac- cepted , the promise may be construed to have legal effect ac- cording to its purpose and intent , and the practical neces- sity of the ...
Page 76
... accepting that certificate of stock under an agreement in writing , which as also the entry of the stock in the stock - book the other records of the company relating to the transaction showed that it was held by them only as col ...
... accepting that certificate of stock under an agreement in writing , which as also the entry of the stock in the stock - book the other records of the company relating to the transaction showed that it was held by them only as col ...
Page 97
... acceptance of the trust , from making any use of their power , or of the corporate prop- erty for their own advantage . ' The stockholders confer the trust power upon the board of directors , and this power must not be used with a ...
... acceptance of the trust , from making any use of their power , or of the corporate prop- erty for their own advantage . ' The stockholders confer the trust power upon the board of directors , and this power must not be used with a ...
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Common terms and phrases
agent amendment amount articles of association authority bank's banker banking business banking corporation becomes bills of exchange bind the bank board of directors bonds borrow money branch banks business of banking by-laws capital stock cashier certificate of deposit certify checks charter Chemical Bank circulating notes clearing-house coin collection Comptroller contract court says creditors Currency custom debt defendant depositor discount dollars draft drawer duty executed fact funds gold held hold holder indorsement inherent power insolvent issued liability loan National Banking Act national banking association negligence notice officer organization certificate organized owner paid paper parties payable payee paying teller payment person plaintiff presented president promissory notes purchase purpose question Revised Statutes rule savings bank shareholders silver special deposit stockholders Supreme Court thereof tion transaction transfer Treasury trust United United States notes violation
Popular passages
Page 629 - ... and that the shares of any national banking association owned by non-residents of any state shall be taxed in the city or town where the bank is located, and not elsewhere. Nothing herein shall be construed to exempt the real property of associations from either state, county, or municipal taxes, to the same extent, according to its value, as other real property is taxed.
Page 600 - ... 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 629 - 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 629 - State, subject only to tha two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State...
Page 32 - Such persons shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions not inconsistent with law which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 652 - ... 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 690 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
Page 332 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 81 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 342 - 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...