House Bill 93: Twenty-sixth Biennial Session, 1911. Relating to Banks and Banking

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1911 - 34 pages
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Page 11 - ... judgments or decrees in its favor; all deposits of money, bullion, or other valuable thing for its use, or for the use of any of its shareholders or creditors; and all payments of money to either, made after the commission of an act of insolvency, or in contemplation thereof...
Page 7 - 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...
Page 12 - ... of said persons whether the other be living or not; and the receipt or acquittance of the person so paid shall be a valid and sufficient release and discharge to the bank for any payment so made.
Page 12 - 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 27 - The powers, privileges, duties and restrictions conferred and imposed upon any bank existing and doing business under the laws of this State are hereby abridged, enlarged or modified, as each particular case may require to conform to the provisions of this act, and to such amendments as may be made thereto.
Page 3 - Examiner in pursuance of the authority conferred upon him by law, and sealed with the seal of his office, shall be received...
Page 24 - ... who shall have the same powers and be subject to the same liabilities and duties as the agent originally elected.
Page 27 - But nothing in this act shall be construed to affect the legality of investments heretofore made, or of transactions heretofore had, pursuant to any provisions of law in force when such investments were made or transactions had...
Page 24 - Such agent or agents shall convert the assets coming into his or their possession into cash and shall account for and make distribution of the property of...
Page 21 - An action upon a claim so rejected must be brought within six months after such service. Claims presented after the expiration of the time fixed in the notice to...

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