The Duties and Liabilities of Bank Directors: Including Instruction with Regard to Directors' Meetings, the Discount Committee, the Auditing Committee, Official Bank Reports and Indemnity BondsU.S. Bank note Company, 1915 - 167 páginas |
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Página 41
... fraud , they cannot be liable . " DUTIES OF DIRECTORS AS DEFINED BY THE COURTS . In a case which has often been quoted in this connection , the duties of bank directors were well and clearly defined as follows : " In my opinion it does ...
... fraud , they cannot be liable . " DUTIES OF DIRECTORS AS DEFINED BY THE COURTS . In a case which has often been quoted in this connection , the duties of bank directors were well and clearly defined as follows : " In my opinion it does ...
Página 55
... fraud upon the public , and to continue to pay out money would give some of the creditors preference over others . The creditors are entitled to an equal dis- tribution of the assets of the bank , and it would be a violation of the ...
... fraud upon the public , and to continue to pay out money would give some of the creditors preference over others . The creditors are entitled to an equal dis- tribution of the assets of the bank , and it would be a violation of the ...
Página 63
... fraud or embezzlement committed by the directors themselves . LIABILITY FOR NEGLIGENCE . Directors are liable for losses sustained through their negligence , and negligence will be attributed to them when they fail to exer- cise that ...
... fraud or embezzlement committed by the directors themselves . LIABILITY FOR NEGLIGENCE . Directors are liable for losses sustained through their negligence , and negligence will be attributed to them when they fail to exer- cise that ...
Página 67
... , be guilty of gross fraud in accepting it , and personally liable for losses sustained thereby . While it seems , then , that directors may be X held accountable for losses from their willful mismanagement or OF BANK DIRECTORS 67.
... , be guilty of gross fraud in accepting it , and personally liable for losses sustained thereby . While it seems , then , that directors may be X held accountable for losses from their willful mismanagement or OF BANK DIRECTORS 67.
Página 68
... fraudulent and negligent acts of the officers in permitting excessive loans if they have no knowledge of such acts and do not " connive at them or willfully shut their eyes and permit them . " There was a case in which the directors em ...
... fraudulent and negligent acts of the officers in permitting excessive loans if they have no knowledge of such acts and do not " connive at them or willfully shut their eyes and permit them . " There was a case in which the directors em ...
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accounts affairs amount appointed Articles of Association assets authority balance bank directors bank is located bank's banking business Board meetings Board of Directors borrow money By-laws capital stock cash cashier cent Certificate of Deposit checks collateral commercial paper Comptroller condition corporation count creditors Currency customers demand depositors direc Discount Committee dishonesty dividends duties election EMBEZZLEMENT employes endorser exercise false entry Federal Reserve Act firms fraud funds held liable imputed insolvent institution interest judgment knowledge ledger liable for losses loans and discounts losses sustained ment National Bank Act necessary negligence ness notes number of shares officer or director officers and directors ordinary Organization Certificate overdrafts paid payment ployes president real estate reason received rectors reserve agents responsibility shareholders signed single-name statements statute of limitations stockholders subscribe suretyship tain tion tors transactions trial balance trust United States Treasurer usually