A Treatise on the Law Relating to Banks and Banking: With an Appendix Containing the National Banking Act of June 3, 1864, and Amendments Thereto
Little, Brown,, 1870 - 542 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Common terms and phrases
acceptance action actual agent allowed amount association assumed authority bank banker Barb bills bind bond bound cashier cause circulating circumstances cited City clear collection comptroller considered contract corporation course court dealing debt decision demand deposit depositor direct directors doctrine drawer drawn duty effect enacted entitled especially established evidence exchange existence express fact funds further give given hands held hold holder individual indorsement interest issued knowledge liability limited loan loss manner Mass matter means nature never notes notice obligation officer ordinary paid party payable payment Penn perform person practical presentment president principle proper properly prove question reason received refusal regarded render rule seems shares simply statute subsequent sufficient suit tion transaction transfer United usage whole York
Page 494 - Seventh. 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; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Page 508 - No national banking association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on account of demands of the nature following: "First.
Page 512 - All national banking associations, designated for that purpose by the Secretary of the Treasury, shall be depositaries of public money, except receipts from customs, under such regulations as may be prescribed by the Secretary; and they may also be employed as financial agents of the government; and they shall perform all such reasonable duties as depositaries of public moneys and financial agents of the government, as may be required of them.
Page 103 - ... made after the commission of an act of insolvency, or in contemplation thereof, made with a view to prevent the application of its assets in the manner prescribed by this chapter, or with a view to the preference of one creditor to another, except in payment of its circulating notes, shall be utterly null and void...
Page 524 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 520 - ... 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 510 - Provided, That nothing in this act shall be construed to prevent all the shares in any of the said associations, held by any person or body corporate, from being included in the valuation of the personal property of such person or corporation in the assessment of taxes imposed by or under State authority...
Page 507 - ... 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; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according to section fifty-two hundred...
Page 499 - Comptroller shall examine into the condition of such association, ascertain especially the amount of money paid in on account of its capital, the name and place of residence of each of...
Page 493 - The amount of its capital stock and the number of shares into which the same shall be divided.