 | Irving Browne - 1889 - 824 pages
...the rights, privileges and franchises of the association shall be hereby forfeited. * * * And in case of such violation, every director who participated...have sustained in consequence of such violation." We are therefore of opinion that the willful misapplication of the moneys and funds of the banking... | |
 | United States. Department of Justice - 1891 - 816 pages
...his own name, before the association shall be declared dissolved. And National Banking Associations» in cases of such violation every director who participated...have sustained in consequence of such violation." Section 380, Revised Statutes, reads as follows: "All suits and proceedings arising out of the provisions... | |
 | United States. Supreme Court - 1892 - 768 pages
...violate anv of the provisions of this title, all the rights, privileges and franchises of the association shall be thereby forfeited. Such violation shall,...have sustained in consequence of such violation." When the banking act was originally passed and this bank was organized that which is now subdivision... | |
 | George Mathewes Coffin - 1893 - 186 pages
...violate any of the provisions of this title, all the rights, privileges and franchises of the association shall be thereby forfeited. Such violation shall,...shall have sustained in consequence of such violation. This section provides that the franchises of an association may be forfeited for violations of law... | |
 | World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 pages
...Thereupon the affairs of the association shall be closed up by the Comptroller of Finance; and in case of such violation, every director who participated...shall have sustained in consequence of such violation. Such directors shall hereafter be disqualified for the office of director in any association formed... | |
 | Seymour Dwight Thompson - 1895 - 1202 pages
...any of the provisions of this title, all the rights, privileges, and franchises of the association shall be thereby forfeited. Such violation shall,...person, shall have sustained in consequence of such violation."1 It may assist in the construction of this act in future cnses to note that it is almost... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1896 - 772 pages
...franchises of the association shall be thereby forfeited. Such violation shall, however, be determined arid adjudged by a proper Circuit, District, or Territorial...have sustained in consequence of such violation." On June 30, 1876, (19 Stat. 63, c. 156,) Congress passed an act, the first section of which provides... | |
 | John Wilson Smith - 1897 - 922 pages
...Bank Act, all the rights, privileges, and franchises of the association shall be thereby forfeited, to be determined and adjudged by a proper circuit, district,...shall have sustained in consequence of such violation. Actions for a violation of this section are properly brought by the receiver,1 but inasmuch as the... | |
 | John Maxcy Zane - 1900 - 864 pages
...violate any of the provisions of this title, all the rights, privileges and franchises of the association shall be thereby forfeited. Such violation shall,...shall have sustained in consequence of such violation. SEC. 5240. APPOINTMENT OF EXAMINERS. — The Comptroller of the Currency, with the approval of the... | |
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And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity, for all damages which the association, its shareholders, or any other person, shall have sustained... 
