The Laws of the State of New York Relating to Banks, Banking, Trust Companies, Loan, Mortgage and Safe Deposit Corporations: Together with the Acts Affecting Moneyed Corporations Generally ... Also the National Bank Act as Amended, and Cognate United States Statutes : Annotated |
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Page 83
... hundred thousand dollars , provided , however , that a corporation with a capital of not less than two hundred thousand dollars may be organized in any city containing more than one hundred thousand inhabitants and less than two hundred ...
... hundred thousand dollars , provided , however , that a corporation with a capital of not less than two hundred thousand dollars may be organized in any city containing more than one hundred thousand inhabitants and less than two hundred ...
Page 91
... hundred and twenty - six of the laws of eighteen hundred and ninety - five , as amended by chapter seven hundred and six of the laws of eighteen hundred and ninety- five , chapter two hundred and six of the laws of eighteen hundred and ...
... hundred and twenty - six of the laws of eighteen hundred and ninety - five , as amended by chapter seven hundred and six of the laws of eighteen hundred and ninety- five , chapter two hundred and six of the laws of eighteen hundred and ...
Page 100
... hundred thousand dollars in cities the popula- tion of which exceeds five hundred thousand inhabitants , and not less than fifty thousand dollars in cities containing more than one hundred thousand inhabitants and less than five hundred ...
... hundred thousand dollars in cities the popula- tion of which exceeds five hundred thousand inhabitants , and not less than fifty thousand dollars in cities containing more than one hundred thousand inhabitants and less than five hundred ...
Page 121
... of eighteen hundred thousand or over may loan to any person , company , corporation or firm , a sum not exceeding twenty - five per centum of its capital stock THE BANKING LAW . 121 Reports presumptive evidence Restrictions.
... of eighteen hundred thousand or over may loan to any person , company , corporation or firm , a sum not exceeding twenty - five per centum of its capital stock THE BANKING LAW . 121 Reports presumptive evidence Restrictions.
Page 122
... hundred thousand or over may loan a further sum not exceeding fifteen per centum of such capital and surplus and a bank or trust company having its principal place of business elsewhere in the state may loan thirty per centum of such ...
... hundred thousand or over may loan a further sum not exceeding fifteen per centum of such capital and surplus and a bank or trust company having its principal place of business elsewhere in the state may loan thirty per centum of such ...
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Common terms and phrases
action agent amount application appointed assets attorney-general authorized bank or banker bank or individual bank or trust banking department Banking Law bills business of banking by-laws capital stock cashier centum certificate of deposit chapter circulating notes corporation or individual court creditors deemed deposit depositor discount dividends duty eighteen hundred evidence of debt examination filed Former section funds held holder individual banker insolvent interest investment issued legislature liability loan located manner ment moneyed corporation mortgage N. Y. Supp national bank Natl notice opinion organization certificate organized paid par value pass book payable payment Penal Law person place of business poration prohibited promissory notes provisions purpose railroad real estate real property receive redemption savings bank securities shares statute stockholders superintendent of banks surplus thereof thousand dollars tion transaction transfer trust company trustees violation York
Popular passages
Page 632 - Shareholders (Sec. 5151). —The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such 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...
Page 523 - Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where in the judgment of the Legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section, may be altered from time to time or repealed.
Page 149 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 636 - Persons holding stock as executors, administrators, guardians or trustees, shall not be personally subject to any liabilities as stockholders, but the estates and funds In their hands shall be liable In like manner and to the same extent as the testator, Intestate, ward, or person interested In such trust funds would be, If living and competent to act and hold the stock In his own name.
Page 562 - Every holder is deemed prima facie to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course.
Page 617 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 676 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 584 - A bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business, or residence of some person other than the drawee, has been dishonored by non-acceptance, it must be protested for non-payment at the place where it is expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary.
Page 659 - The taking, receiving, reserving or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill or other evidence of debt carries •with it, or which has been agreed to be paid thereon.
Page 552 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized ; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.