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ARTICLE XIV.
LAWS REPEALED; CONSTRUCTION; WHEN TO TAKE EFFECT.
The Tax Law in so far as it directly relates to Corporations formed
under or subject to the Banking Law.
27. Reports of corporations
.....
25. Individual banker, how assessed..
26. Notice of assessment to bank or banking association..
28. Penalty for omission to make statement...
72. Collection of taxes assessed against stocks in banks and bank-
ing associations
511
512
... 512
513
183. Certain corporations exempt from tax on capital stock..
.......
1894-Extract from the Constitution of the State of New York -
Article VIII.
SECTION 6. Registry of bills or notes....
7. Individual responsibility of stockholders.
8. Insolvency of banks, preferences..
Extract from General Business Law.
SECTION 374. Corporations not to interpose defense of usury..
ARTICLE II.
Penal Law Provisions Affecting Banks and Banking Officials.
SECTION 290. Misconduct of officers, directors, trustees or employees of bank-
ing corporations
PAGE
526
527
291. Sale or hypothecation of bank notes by officer...
292. Officer of bank putting excessive number of its notes in cir-
culation .
528
293. Officer or agent of banking corporation making guaranty or
indorsement in its behalf, beyond legal limit.....
529
294. Bank officer overdrawing his account or asking for or receiv-
ing commissions or gratuities from persons procuring loans,
or making overdrafts of their accounts..
295. Receiving deposit in an insolvent bank.....
296. Unlawful investments by officers of savings banks.
297. Misconduct by directors of moneyed corporations..
298. Misconduct by banks and bankers...
530
531
299. Unlawful discount of bills of foreign banks.
300. Misconduct by officers of banking department..
301. Using dies and plates of extinct state bank...
302. Unauthorized use of the term “bank”.
660. Frauds in the organization of corporations..
661. Frauds in procuring organization of corporations..
662. Fraudulent issue of stocks and bonds.....
532
533
534
663. Acting for foreign corporations not authorized to do business
in this state
664. Misconduct of officers and directors of stock corporations... 535
665. Misconduct of directors, officers, agents and employees of cor-
porations .
....
537
666. Unlawful use of certain titles in connection with corporate
37. Liability of person signing in trade or assumed name.
552
38. Signature by agent; authority; how shown.....
39. Liability of person signing as agent, etc..
41. Effect of indorsement by infant or corporation..
40. Signature by procuration; effect of..
42. Forged signature; effect of.....
ARTICLE III.
CONSIDERATION OF NEGOTIABLE INSTRUMENTS.
553
SECTION 50. Presumption of consideration
51. Consideration, what constitutes
554
SECTION 52. What constitutes holder for value..
53. When lien on instrument constitutes holder for value..
54. Effect of want of consideration...
55. Liability of accommodation party.
555
64. Special indorsement; indorsement in blank..
557
65. Blank indorsement; how changed to special indorsement..
66. When indorsement restrictive...
67. Effect of restrictive indorsement; rights of indorsee.
71. Indorsement where payable to two or more persons.
558
72. Effect of instrument drawn or indorsed to a person as cashier. 558
SECTION 90. Right of holder to sue; payment...
91. What constitutes holder in due course.
92. When person not deemed holder in due course..
93. Notice before full amount paid....
94. When title defective... . .
95. What constitutes notice of defect..
96. Rights of holder in due course.
97. When subject to original defenses.
98. Who deemed holder in due course.
560
561
562
CONTENTS.
ARTICLE VI.
LIABILITY OF PARTIES.
116. Liability of general indorser.....
565
117. Liability of indorser where paper negotiable by delivery.
118. Order in which indorsers are liable..
119. Liability of agent or broker....
ARTICLE VII.
PRESENTMENT FOR PAYMENT.
SECTION 130. Effect of want of demand on principal debtor...
131. Presentment where instrument is not payable on demand....
566
132. What constitutes a sufficient presentment.
567
133. Place of presentment......
134. Instrument must be exhibited.....
135. Presentment where instrument is payable at bank..
136. Presentment where principal debtor is dead...
137. Presentment to persons liable as partners.
568
138. Presentment to joint debtors.....
139. When presentment not required to charge the drawer..
140. When presentment not required to charge the indorser..
569
144. Liability of person secondarily liable, when instrument dis-