Study of Banking Laws: Legislative Recommendations of the Federal Supervisory Agencies to the Committee on Banking and Currency, United States Senate
U.S. Government Printing Office, 1956 - 212 стор.
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addition Administration agency amended amount application appointed approval assets association authority Banking Act Board of Directors Board of Governors bonds branch capital stock centum certificates committee Comptroller conservator Corporation court Currency deemed depositors designated determine district effective employees examination Existing law expenses Federal Deposit Insurance Federal Home Loan Federal Reserve Act Federal Reserve agent Federal Reserve bank Federal Reserve System Finance follows funds Government held hold Home Loan Bank institution Insurance Corporation insured bank interest issued language less liability limitations meeting member banks mortgage national banks necessary notes obligations operations organization paid paragraph of section payment period permit person powers prescribed present proposed purchase Reasons receiver Recommendation reference regulations relating repeal reports Reserve Act 12 respect savings Secretary sentence serve shareholders shares statute subsection surplus term thereof tion Title 12 Treasury trust United
Сторінка 26 - The shareholders of each association formed under the provisions of this act, and of each existing bank or banking association that may accept the provisions of this act, 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...
Сторінка 28 - ... 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.
Сторінка 150 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State In which the real estate Is located, together with the credit instruments, if any, secured thereby.
Сторінка 41 - Such receiver, under the direction of the Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct ; and may, if necessary to pay the debts of sucu association,...
Сторінка 20 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Сторінка 30 - Whoever violates any of the provisions of this subsection shall, upon conviction, be fined not more than $5,000, or imprisoned for not more than five years, or both. (d) The term "person" as used in this section means an individual partnership, corporation or association.
Сторінка 179 - ... be set aside. A copy of such petition shall be forthwith served upon the commission or board, and thereupon the commission or board forthwith shall certify and file in the court a transcript of the record as hereinbefore provided.
Сторінка 91 - April 24, 1917, or certificates of indebtedness of the United States, Treasury bills of the United States, or obligations fully guaranteed both as to principal and interest by the United States...