1912 Supplement Covering the (Years 1910-1911 and 1912) to Paine's Banking Laws

1912 Supplement Covering the (Years 1910-1911 and 1912) to Paine's Banking Laws

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ... one duplicate to the subscribers thereto. Paine's Banking Laws, p. 304. 213. Oath of office. As Amended 1910. Each officer and director when appointed or elected shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of law applicable to such association, and that he is the owner in good faith and in his own name on the books of the association of five savings or instalment shares, or other shares of the value of one matured share. Such oath shall be subscribed by the director making it, and certified by the officer before whom it is taken, and shall immediately be transmitted to the superintendent of banks and filed and preserved in his office. Paine's Banking Laws, p. 305. 214. Membership; guardians; joint owners. As Amended 1910. The membership of the association shall consist of those persons to whom its shares shall have been issued and those persons to whom said shares may have been transferred. Guardians and others may hold shares in trust for minors or others, and shall have all the rights and privileges of membership, except the right to hold office. When an accumulation has been made by any person in trust for another, and no other further notice of the existence and terms of a legal and valid trust shall have been given in writing to the association, in the event of the death of the trustee, the withdrawal value of the same, or any part thereof, may be paid to the person for whom the accumulation was made. The association, however, shall not be responsible to beneficiaries or wards for any moneys paid by the association to guardians or trustees...show more

Product details

  • Paperback | 42 pages
  • 189 x 246 x 2mm | 95g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236983408
  • 9781236983404