Annual Report ... on the Condition of the Loan and Building Associations of Wisconsin, Volumen11

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Banking Department, 1908

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Página 17 - State or country so long as such laws continue in force, the same obligations and prohibitions of...
Página 6 - A member may withdraw his unpledged shares at any time by giving thirty days' written notice of such intention, and shall then be entitled to receive the amount of dues paid in by him, and such proportion of the profits as the by-laws may prescribe, less all fines, charges and losses accrued or contingent to the time of the notice of withdrawal, as the board of directors may determine, with no dividends, interest or profits from the time of such notice.
Página 5 - ... member fails to pay the arrears within thirty days after notice, be declared forfeited, and the withdrawing value of the shares at the time of the first default shall be ascertained, and, after deducting all fines and other legal charges, the balance remaining shall be transferred to an account to be designated the " Forfeited Share Account" to the credit of the defaulting member. Said member, if not a borrower, shall be entitled upon thirty days...
Página 12 - ... or any of them, to open, and keep such books or accounts as he may in his discretion determine and prescribe for the purpose of keeping accurate and convenient records of the transactions and accounts of such bank.
Página 8 - ... shall give him notice thereof in writing, and a statement of his arrearages, by mailing the same to him at the last...
Página 16 - The plaintiff shall for each process so served pay to the Secretary of State, at the time of such service, a fee of two dollars, which shall be recovered by the plaintiff as a part of the taxable costs if he prevail in the suit.
Página 13 - Any bank that refuses or neglects to open and keep such books or accounts, as may be prescribed by the commissioner of banking, shall...
Página 7 - The directors, in their discretion, may dispense with said mortgage when the withdrawal value of the shares borrowed upon shall exceed the amount borrowed and interest thereon for six months. If the borrower neglect to offer security satisfactory to the directors, within the time prescribed by the by-laws, his right to a loan shall be forfeited and he shall be charged with one month's interest and premium at the rate bid by him or provided in the by-laws, and any expense incurred.
Página 8 - ... with interest and premium, fines and other charges thereon from the time of the first default, may be enforced by proceedings on his security according to law.
Página 6 - ... shall be paid out of the funds of the association the matured value thereof, with such rate of interest as shall be determined by the by-laws, from the time the board of directors shall declare such share to have matured until paid...

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