The General Banking Laws of the State of New York: Including the Banking Law, the Statutory Construction Law, the General Corporation Law and the Stock Corporation Law, Being the Laws Relating to Banks, Bankers, Trust Companies and Building and Mutual Loan, Co-operative Loan and Safe Deposit Corporations, as Revised by the Commissioners of Statutory Revision and Enacted by the Legislatures of 1890 and 1892

Front Cover
J.B. Lyon, pub., 1892 - 275 pages
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Contents

Certificate of individual banker
34
Lawful money reserve
35
Consolidation of corporations
36
When consolidation affected
37
Saving clause
38
Payment of capital stock
39
Oath of directors
40
Limitation of liability of stockholders
41
Rate of interest on loans on warehouse receipts
42
Deposit of banks and individual bankers with superin tendent
43
Change from state to national bank
44
When deemed to have surrendered its charter
45
Certificate of change
46
Circulating notes plates
47
Circulating notes of individual bankers
49
When bank may receive interest or dividends upon securities deposited 7NXXX8
50
Redemption agencies
51
Destruction of bank notes
52
Destruction of plates and counterfeit notes 70 Exchange of mutilated notes
53
Redemption in notes of other banks
54
Incorporation
70
Dividends compensation and loans to trustees prohibited
77
Mortgaged property to be insured
83
Rate of interest extra dividends
84
Per cent of surplus how determined
86
Proceedings against delinquent corporations
87
Examination of vouchers and assets by trustees
88
Expenses to be paid
89
Charters to be conformed to this chapter
90
When dissolution effected
91
Deposit of unclaimed moneys
92
Incorporation
93
Previous notice of intention to be given
94
Capital must be paid in cash
96
May be administrator guardian or trustee
98
No security required trust fund debts preferred
99
Investments of capital and deposits
100
Directors
101
Liability of stockholders and directors
102
Powers of specially chartered trust companies
103
Powers
105
Liability of stockholders and directors exemption
106
Existing corporations
107
Officers and bylaws
108

Common terms and phrases

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Page 193 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 152 - The act of a majority of the Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors unless the act of a greater number is required by law or by these By-Laws.
Page 35 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 34 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental powers as shall be necessary to carry on the business of banking within the limitations prescribed by this Act.
Page 40 - 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 124 - Laws repealed. - Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is repealed.
Page 93 - The amount of its capital stock, and the number of shares into which the same shall be divided.
Page 173 - ... intent to provide the means of making such payment ; or 4. To receive or discount any note or other evidence of debt with intent to enable any stockholder to withdraw any part of the money paid in by him on his stock ; or 5.
Page 21 - ... shall forfeit to the people of the state the sum of one hundred dollars for each refusal and answer untruthfully given, to be sued for and recovered by the commissioner in his name of office.
Page 231 - ... with intent to defraud, omits to make, or to cause or direct to be made, a full and true entry thereof in the books...

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