Annual Report [etc.] on State Banks, Mutual Savings Banks and Trust Companies, Issue 11

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Page 432 - Persons holding stock as executors, administrators, guardians, or trustees shall not be personally subject to any liabilities as stockholders; but the estates and funds in their hands shall be liable in like manner and to the same extent as the testator, intestate, ward, or person interested in such trust funds would be if living and competent to act and hold the stock in his own name.
Page 432 - And whenever any deposit shall be made by any person in trust for another, and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to the bank, in the event of the death of the trustee, the same, or any part thereof, together with the dividends or interest thereon, may be paid to the person for whom the said deposit was made.
Page 432 - ... the same shall be held for the exclusive right and benefit of such depositor, and free from the control or lien of all...
Page 433 - ... any letter-heads, bill-heads, blank notes, blank receipts, certificates, circulars, or any written or printed or partly written and partly printed paper whatever, having thereon any artificial or corporate name, or other word or words, indicating that such business is the business of a bank.
Page 426 - ... thousand dollars and not more than five thousand dollars, or by imprisonment in the county jail not less than ninety days and not to exceed one year, or by both such fine and imprisonment, at the discretion of the court.
Page 433 - ... shall make use of any office sign at the place where such business is transacted, having thereon any artificial or corporate name, or other words indicating that such place or office is the place or office of a bank...
Page 431 - ... issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree...
Page 421 - Upon making and filing of the articles of incorporation the bank shall become a body corporate, and as such shall have the following powers: First. To make all contracts necessary and proper to effect its purpose and conduct its business. Second. To sue and be sued, to appear and defend in all actions and proceedings under its corporate name, to the same extent as a natural person. Third. To have a common seal and alter the same at pleasure.
Page 418 - That all suits and proceedings arising out of the provisions of this act, in which the United States or its officers or agents shall be parties, shall be conducted by the district attorneys of the several districts, under the direction and supervision of the solicitor of the treasury.
Page 437 - Said directors shall hold office one-third for one year, one-third for two years, and one-third for three years, from the...

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