The Modern Trust Company: Its Functions and Organization, an Outline of Fiduciary Banking

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Página 378 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Página 66 - The practice of law is not a business open to all, but a personal right, limited to a few persons of good moral character, with special qualifications ascertained and certified after a long course of study, both general and professional, and a thorough examination by a State Board appointed for that purpose. The right to practice law is in the nature of a franchise from the State conferred only for merit. It cannot be assigned or inherited, but must be earned by hard study and good conduct, It is...
Página 460 - It shall be lawful for such company to call for and demand from the stockholders, respectively, all sums of money by them subscribed, at such time and in such proportions as...
Página 496 - For value received hereby sell, assign, and transfer unto shares of the capital stock represented by the within certificate and do hereby irrevocably constitute and appoint , Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.
Página 47 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity in which State banks, trust companies, or other corporations which come into competition with national banks are permitted to act under the laws of the...
Página 40 - Each member bank shall be permitted to nominate to the chairman of the board of directors...
Página 457 - Third. To make and use a common seal and alter the same at pleasure. Fourth. To hold, purchase and...
Página 186 - The aggregate of obligations of the borrower discounted and offered for discount at the Federal Reserve Bank by the member bank is less than a sum equal to 10 per cent. of the paid-in capital of the member bank and is less than $5,000.
Página 40 - State bank or trust company while a member of the federal reserve system : (1) Shall retain its full charter and statutory rights as a State bank or trust company, and may continue to exercise the same functions...
Página 66 - As these conditions cannot be pet formed by a corporation, it follows that the practice of law is not a lawful business for a corporation to engage in.

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