A Treatise on the Law of National and State Banks: Including the Clearing House and Trust Companies : with an Appendix Containing the National Bank Act as Amended, and Instructions Relative to the Organization of National Banks |
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Contents
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Other editions - View all
Common terms and phrases
acceptance action agent amount apply association authority banking association becomes bills board of directors bonds borrow by-laws capital stock cashier certificate charge charter circulation City coin collection Comptroller conduct contract corporation court Currency custom debt defendant demand deposit depositor direct discount dollars draft drawer drawn duty effect established evidence examination exchange executed existence fact follows funds give given gold Government hands held hold holder indorsement interest issued knowledge liable limited loan Mass meeting National Bank necessary notes notice officer organized owner paid parties payable payment perform person plaintiff position presented president purchase question reasonable received responsible rule savings bank says shareholders shares silver statute stockholders teller thereof tion transaction transfer Treasury trust United unless
Popular passages
Page 629 - ... and that the shares of any national banking association owned by non-residents of any state shall be taxed in the city or town where the bank is located, and not elsewhere. Nothing herein shall be construed to exempt the real property of associations from either state, county, or municipal taxes, to the same extent, according to its value, as other real property is taxed.
Page 600 - ... 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 629 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 629 - State, subject only to tha two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State...
Page 32 - Such persons shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions not inconsistent with law which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 652 - ... of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report, or statement of the association, with intent, in either case, to injure or defraud the association...
Page 690 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
Page 332 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 81 - 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 342 - 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...
Bibliographic information
| Title | A Treatise on the Law of National and State Banks: Including the Clearing House and Trust Companies : with an Appendix Containing the National Bank Act as Amended, and Instructions Relative to the Organization of National Banks |
| Author | Harvey White Magee |
| Publisher | J. B. Lyon Company, 1906 |
| Length | 800 pages |
| Export Citation | BiBTeX EndNote RefMan |