A Treatise on the Law Relating to Banks and Banking: With an Appendix Containing the National Banking Act of June 3, 1864, and Amendments TheretoLittle, Brown,, 1879 - 691 pages |
From inside the book
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Page xxvi
... obligation of allow- ing his customers to draw against their deposits , in substantially the same man- ner as an ordinary depositor in an incorporated bank draws checks upon the bank . It is possible , however , that arrangements might ...
... obligation of allow- ing his customers to draw against their deposits , in substantially the same man- ner as an ordinary depositor in an incorporated bank draws checks upon the bank . It is possible , however , that arrangements might ...
Page 16
... obligation which it imposes upon himself , on the ground that the bank in making the loan exceeded its corporate powers , or acted otherwise improperly or illegally ; neither on the ground of any original informality or irregularity in ...
... obligation which it imposes upon himself , on the ground that the bank in making the loan exceeded its corporate powers , or acted otherwise improperly or illegally ; neither on the ground of any original informality or irregularity in ...
Page 28
... obligation to continue so . The relationship may be dissolved at any time by either party , saving the then existing liens and rights of each . Relation of the Customer on a simple Deposit Account . The ordinary relation existing ...
... obligation to continue so . The relationship may be dissolved at any time by either party , saving the then existing liens and rights of each . Relation of the Customer on a simple Deposit Account . The ordinary relation existing ...
Page 30
... obligation to pay to him.1 3 All the sums paid into the bank on general deposit , by the same or different depositors , form one blended fund.2 So soon as the money has been handed over to the bank , and the credit given to the payer ...
... obligation to pay to him.1 3 All the sums paid into the bank on general deposit , by the same or different depositors , form one blended fund.2 So soon as the money has been handed over to the bank , and the credit given to the payer ...
Page 35
... Obligation of the Bank to honor Checks . The bank is under the obligation of honoring the customer's drafts and checks whenever the same are presented for pay- ment , provided that at the time of such presentment the bal- ance of the ...
... Obligation of the Bank to honor Checks . The bank is under the obligation of honoring the customer's drafts and checks whenever the same are presented for pay- ment , provided that at the time of such presentment the bal- ance of the ...
Common terms and phrases
acceptance actual agent American Exchange Bank amount authority Bank of Alexandria Bank of Columbia Bank of United Bankers and Banking Barb behalf bills of exchange bind the bank bona fide bond bound Branch Bank cashier certification certified check circumstances cited City Bank clearing-house collection contract corporation County Bank course of business court dealing debt decision declared default defendant demand deposit deposit account depositor directors discharge discount doctrine drawer drawn duty effect evidence fact Farmers fraud funds Grant on Bankers held holder indebtedness indorsement instrument knowledge liable loan loss matter ment Merchants National Bank notice obligation officer ordinary paid paper payable payee Penn person plaintiff president principle promissory note properly question reason received recover refused regarded render rule signature simply statute subsequent sufficient suit sureties teller tion transaction undertaking usage Utica Warren Bank Wend York
Popular passages
Page 625 - ... 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.
Page 517 - It is, we think, a sound principle, that when a government becomes a partner in any trading company, it divests itself, so far as concerns the transactions of that company, of its sovereign character,, and takes that of a private citizen.
Page 607 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands and all other dues to the United States, except duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 597 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 602 - ... 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 7 - 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 614 - If losses have at any time been sustained by any such association equal to or exceeding its undivided profits then on hand...
Page 614 - The president and cashier of every national banking association shall cause to be kept at all times a full and correct list of the names and residences of all the shareholders in the association, and the number of shares held by each, in the office where its business is transacted.
Page 622 - And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity for all damages which the association, its shareholders, or any other person, shall have sustained in consequence of such violation.
Page 615 - ... in the assessment of taxes imposed by or under State authority at the place where such bank is located, and not elsewhere, but not at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State...