Pratt's Digest of the National Bank Act and Other Laws Relating to National Banks from the Revised Statutes of the United States: With Amendments and Additional Acts to which is Appended Information how to Proceed in Organizing National Banks : Also Rules and Regulations Governing the Redemption of United States and National Bank Notes, and Circulars Issued by the Treasury Officials of Interest to BankersA.S. Pratt, 1886 - 226 páginas |
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Página 22
... dividends to its shareholders until the deficiency is made good ; and in case of such deficiency , the Comptroller of the Currency may compel the association to close its business and wind up its affairs under the provisions of Chapter ...
... dividends to its shareholders until the deficiency is made good ; and in case of such deficiency , the Comptroller of the Currency may compel the association to close its business and wind up its affairs under the provisions of Chapter ...
Página 39
... association shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of * See Act March 3 , 1887 , page 115 C. exchange payable at sight , nor make any dividend of 39.
... association shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of * See Act March 3 , 1887 , page 115 C. exchange payable at sight , nor make any dividend of 39.
Página 40
... dividend of its profits until the required proportion , between the aggregate amount of its outstanding notes of circulation and deposits and its law- ful money of the United States , has been restored . And the Comptroller of the ...
... dividend of its profits until the required proportion , between the aggregate amount of its outstanding notes of circulation and deposits and its law- ful money of the United States , has been restored . And the Comptroller of the ...
Página 44
... dividends are strictly legal . Some National banks do , however , declare quar- terly dividends , and a few declare dividends monthly . The section also provides for the accumulation of a surplus fund , up to a certain limit . For net ...
... dividends are strictly legal . Some National banks do , however , declare quar- terly dividends , and a few declare dividends monthly . The section also provides for the accumulation of a surplus fund , up to a certain limit . For net ...
Página 45
... dividends , & c . , and then , bidding it in , cancel it , thus in time absorbing the whole bank . The provision that a bank must not take its own stock , except under certain circumstances , and when it so takes it must sell , not ...
... dividends , & c . , and then , bidding it in , cancel it , thus in time absorbing the whole bank . The provision that a bank must not take its own stock , except under certain circumstances , and when it so takes it must sell , not ...
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Pratts' Digest of the National Bank Act and Other Laws Relating to National ... A. S. Pratt And Sons Sin vista previa disponible - 2017 |
Términos y frases comunes
Act of February Act of June amended amounts due appointed articles of association assets assignment Assistant Treasurer asso authorized banks located board of directors capital stock centum certificates of deposit checks ciation circulating notes Comptroller Comptroller's office coupon coupon bonds court Currency debts deposit lawful deposit of lawful depositaries district dividends duly duty eighteen hundred election executed five per cent held hereby holders indorse interest issued July 12th lawful money legal-tender notes liabilities loan minor coins moneyed capital National Bank Act National bank notes National bank shares National banking association notary public notice organization certificate paid payable payment penalty person prescribed president or cashier receipt receive redeemed registered bonds reserve agents reserve cities Revised Statutes seal Secretary shareholders stockholders taxation thereof tion Title transfer troller U. S. notes United States bonds United States notes United States Treasurer vote
Pasajes populares
Página 45 - That no association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Página 47 - If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made, and no dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts.
Página 23 - ... in the hands of such executor, administrator, guardian or trustee, 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.
Página 198 - All stocks, bonds, Treasury notes, and other obligations of the United States, shall be exempt from taxation by or under State or municipal or local authority.
Página 22 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or 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 or stock.
Página 31 - In order to furnish suitable notes for circulation, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury, cause plates and dies to be engraved, in the best manner to guard against counterfeiting and fraudulent alterations, and shall have printed therefrom, and numbered, such quantity of circulating notes, in blank, of the denominations of...
Página 87 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Página 8 - Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred^ its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed.
Página 42 - Whenever any association fails either to make the selection or to redeem its notes as aforesaid, the Comptroller of the Currency may, upon receiving satisfactory evidence thereof, appoint a receiver in the manner provided for in section fifty-two hundred and thirty-four, to wind up its affairs.
Página 78 - ... false entry in any book, report or statement of the association, with intent, in either case, to injure or defraud the association or any other company, body politic or corporate, or any individual person, or to deceive any officer of...