INDEX. (The references in arabic numerals are to consecutive opinions, those in roman numerals are to pages.) ABSTRACT DEPARTMENT: Trust companies may own and operate.. ANNUAL MEETING: Stockholders must be present or represented by proxy at. ARTICLES OF INCORPORATION: Authority to subscribe, as "trustee" required. Executor of estate may not subscribe for stock in bank in his representative capacity. ASSESSMENT: Directors' notes not permissible in lieu of assessment. not limited to one hundred per cent on stockholders. absorbing another cannot continue to hold certain unauthorized investments.. authority to pay taxes assessed against the shares of stock. branches may not be maintained in an unincorporated village by bank incorporated in another unincorporated village.. branches permitted in certain instances. cannot become surety of public officer.. cannot extend its credit to individual or bank. cannot legally sell steamship tickets... commercial (strictly) must amend articles to transact savings business. condition of, Commissioner may require information tending to show. contemplated in cities or villages only. corporations to invest in or possess bank stock only on certain conditions discounting its negotiable notes for purpose of reloaning, not acting in good faith... house, Purchase price of lease may be carried as. corporations must incorporate under general banking law. house, Stock in building company cannot be carried as, under Sec. 11. Law, General, not affected by act to make uniform law of transfer of stock. BOARD OF COUNTY ROAD COMMISSIONERS: may not borrow money for certain purposes. BOARD OF DIRECTORS: cannot fill vacancy on board through failure of stockholders to elect. cannot increase or decrease their number. Report of examining committee of, to be made matter of proper record BONDS: xxxvii lxix xl xxxi lvi XXX Iv XXX xlv xlvii xxxvi Ixiv xxxi xxxvi lxx lxiii lxxi lxiii xlv xl lxvii liii Increase of, not required of banks by extension of corporate limits. impairment, Discretionary authority vested in commissioner. may be cancelled and new certificates issued. CERTIFICATES: Trust companies may receive deposits and issue certificates therefor... of indebtedness. Certain, are legal investments.. COMMERCIAL BANKS: (strictly) must amend articles to transact savings business. COMMISSIONER: authority re: Consolidations. may require information tending to show bank's condition Discretionary authority vested in, in capital stock impairment. CONDITION OF BANK: Commissioner may require information tending to show. CONSOLIDATIONS: Commissioner's authority re:.. CORPORATE LIMITS: Requirements in connection with increase of capital stock of banks affected by extension of corporate limits.. Increase of capital not required of banks by extension of. CORPORATIONS: Banking must incorporate under general banking law. Constituent, entitled to twenty per cent loan limit. municipal, Loans to, limited to twenty per cent of capital and surplus. stock not trust company investments.. to invest in or possess bank stock only on certain conditions. COUNTY FUNDS: Building and loan association may not advertise for. DIRECTORS: Board of, cannot increase or decrease their number. 31 xlvi cannot fill vacancy on board through failure of stockholders to elect examination-proper record to be made of report of. cannot be director of state bank in that representative capacity may not subscribe for stock in bank in his representative capacity EXTENSION OF CORPORATE LIMITS: affects requirements in connection with increase of capital by banks. does not require increase of capital by banks... county, State banks not to pledge assets in lieu of bond to secure.. Private Banks not depositories for public. certain, for the administration of estates by a trust company prohibited.. FUNDS: Treasurer of municipality not to deposit in bank where he is stock-holder or otherwise. Bank absorbing another cannot continue to hold certain unauthorized. 18 2440 xxviii xxix liii xxxvii Municipal corporation, limited to twenty per cent of capital and surplus MAKER OF NOTE: M. signer on face of, considered as such unless otherwise designated.... MORTGAGES: Public utility bonds, certain, not legal savings investments. Treasurer of municipality not to deposit funds where he is stockholder, corporations: liii xxxii lvii xxviii 80 lxxiii lvii xxvii 38 xlix obligation of-may be considered as the obligation of the individuals composing such partnership.. 72 lxix PLEDGING OF ASSETS: State banks not to pledge assets in lieu of bond to secure county funds... PRIVATE BANKS: Stockholders must be represented by, if not present at annual meeting... |