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OPINIONS OF THE ATTORNEY GENERAL.

INDEX

(The references in arabic numerals are to consecutive opinions, those in roman numerals are to

ABSTRACT DEPARTMENT:

pages.)
A.

Trust companies may own and operate.

ACCEPTANCES, BANKERS:

Not chargeable to acceptors line of credit.

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, in his representative capacity... ASSESSMENT:

Directors' notes not permissible in lieu of.

on stockholders:

not authorized in case of impairment.
not limited to one hundred per cent.

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B.

BANK:

absorbing another cannot continue to hold certain unauthorized investments..

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Branches:

may not be maintained in an unincorporated village by bank in-
corporated in another unincorporated village.

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Commercial, (strictly) must amend articles to transact savings business condition of, Commissioner may require information tending to show.. Examiners:

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not required to report escheated deposits.
Stockholders of, may organize state bank.

not preferred creditor of building and loan associations
Private, not depository for public funds...
State:

cannot become surety of public officer.
contemplated in cities or villages only.

may be organized by stockholders of national bank.

may open on legal holidays with certain restrictions.

not to pledge assets in lieu of bond to secure county funds.

stock:

corporations to invest in or possess only on certain conditions.
may be cancelled and new certificates issued.

BANKING:

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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 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:

Certain municipal public utility, not legal savings investments.
Examiners..

Joint trusteeship in certain issues of, permissible.

Officers and directors', must be commensurate with size of bank BUILDING AND LOAN ASSOCIATIONS:

Bank not preferred creditor of..

may not advertise for deposits.

may borrow from banks.

not required to report escheated deposits.

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BUILDING COMPANY:

stock may not be carried as banking house under Sec. 11..

CAPITAL:

construed to mean capital stock.. construed..

C.

Increase of, not required of banks by extension of corporate limits.
Stock:

Commercial mortgages not to exceed fifty per cent of.....
impairment, Discretionary authority vested in commissioner in.
of banks may be cancelled and new certificates issued.
requirements affected by extension of corporate limits.

CERTIFICATES:

of deposit, Trust companies may issue, for deposits. of indebtedness, Certain, are legal investments..

COMMERCIAL BANKS:

(strictly) must amend articles to transact savings business.

not to loan in excess of fifty per cent of capital on real estate mortgages. COMMISSIONER:

CONDITION OF BANK:

may require information tending to show bank's condition.. Discretionary authority vested in, in capital stock impairment.

Commissioner may require information tending to show.... CORPORATE LIMITS:

extension of:

Requirements in connection with increase of capital stock of banks
affected by..

Increase of capital not required of banks by.

CORPORATION:

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 investment.....

to invest in or possess bank stock only on certain conditions.

COUNTY FUNDS:

State bank not to pledge assets in lieu of bond to secure..... CREDIT:

Banks cannot extend their, to an individual or bank. CREDITOR:

Bank not preferred, of building and loan associations....

DEPOSITS:

D.

Building and loan associations may not advertise for...
Escheated:

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Private bank not, for public funds....

Trust companies may receive, and issue certificates therefor.. DEPOSITORY:

Building and loan associations not required to report...
National banks not required to report.

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DIRECTORS:

Board of, cannot increase or decrease their number....

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Bonds of, must be commensurate with size of bank.

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cannot fill vacancy on board through failure of stockholders to elect... examination-proper record to be made of report..

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Executor cannot be member of board of, in that representative capacity.
must have fully paid for ten shares of stock at organization.
notes in lieu of assessment not permissible.

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cannot be director of state bank in that representative capacity... may not subscribe articles of incorporation in his representative capacity EXTENSION: of corporate limits:

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affects requirements in connection with increase of capital by banks
does not require increase of capital by banks.

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County, State banks not to pledge assets in lieu of bond to secure.....
Municipal, not to be deposited by stockholder as treasurer.

FOREIGN BANKS:

public, Private banks not depositories for.....

not permitted to engage in business in this state..

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