The Duties and Liabilities of Bank DirectorsFinancial Pub., 1908 - 174 páginas |
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Página 28
... assets to their own per- sonal advantage , or to foster and promote enterprises in which their friends are inter- ested . A bank should constantly seek to enlarge its sphere of usefulness , but it cannot do so by permitting its officers ...
... assets to their own per- sonal advantage , or to foster and promote enterprises in which their friends are inter- ested . A bank should constantly seek to enlarge its sphere of usefulness , but it cannot do so by permitting its officers ...
Página 55
... assets of the bank , but the assets belong proportion- ately to the creditors of the institution . The insolvency of the bank converts its assets into trust funds , and the directors having those funds under their control , from that ...
... assets of the bank , but the assets belong proportion- ately to the creditors of the institution . The insolvency of the bank converts its assets into trust funds , and the directors having those funds under their control , from that ...
Página 77
... assets to which they are entitled , and they will be held accountable for all such withdrawals . LIABILITY TO DEPOSITORS FOR FALSE REPRESENTA- TIONS . Directors are sometimes sued by depositors for misrepresentations made to them to in ...
... assets to which they are entitled , and they will be held accountable for all such withdrawals . LIABILITY TO DEPOSITORS FOR FALSE REPRESENTA- TIONS . Directors are sometimes sued by depositors for misrepresentations made to them to in ...
Página 91
... - minishing or destroying the value of its prop- erty . Such losses as are recovered from the directors must be treated as an asset of the bank , and thus finally inure to the benefit of OF BANK DIRECTORS 91 ACTIONS AGAINST DIRECTORS ·
... - minishing or destroying the value of its prop- erty . Such losses as are recovered from the directors must be treated as an asset of the bank , and thus finally inure to the benefit of OF BANK DIRECTORS 91 ACTIONS AGAINST DIRECTORS ·
Página 93
... assets in conformity with the safe - guards provided by law . " And the fact that the bank is insol- vent and a receiver has been appointed to ad- minister its affairs , does not preclude the de- positors from bringing suit . WHEN ...
... assets in conformity with the safe - guards provided by law . " And the fact that the bank is insol- vent and a receiver has been appointed to ad- minister its affairs , does not preclude the de- positors from bringing suit . WHEN ...
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The Duties and Liabilities of Bank Directors: Including Instruction with ... Edgar Greenville Alcorn Visualização completa - 1915 |
Termos e frases comuns
accounts affairs amount application appointed Articles of Association assets authority balances bank directors bank notes bank's banking business bills Board meetings Board of Directors bonds deposited capital stock cash cashier cent Central Reserve Certificates of Deposit checks Circulation collateral commercial paper Comptroller corporation counted COUPON BONDS creditors Currency debts depositors direc Discount Committee dishonesty dividends duties EDGAR G election endorser false entry firm fraud funds held liable imputed individual insolvent institution interest issue judgment knowledge ledger liable for losses loans and discounts losses sustained ment National Bank Act necessary negligence ness number of shares Organization Certificate overdraft paid par value payment person ployes president purchase real estate reason received rectors redemption reserve agents Reserve Cities shareholders signed single-name statements statute stockholders tain tion tors transaction Treasurer trial balance trust United States Bonds United States Treasurer usually
Passagens mais conhecidas
Página 86 - Every president, director, cashier, teller, clerk, or agent of any association who embezzles, abstracts, or willfully misapplies any of the moneys, funds, or credits...
Página 25 - Each 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 this Title...
Página 39 - Without reviewing the various decisions on the subject, we hold that directors must exercise ordinary care and prudence in the administration of the affaire of a bank, and that this includes something more than officiating as figureheads. They are entitled under the law to commit the banking business, as defined, to their...
Página 22 - ... directors, who shall be elected by the shareholders at a meeting to be held at any time before the association is authorized by the Comptroller of the Currency to commence the business of banking; and afterward at meetings to be held on such day in January of each year as is specified therefor in the articles of association. The directors shall hold office for one year, and until their successors are elected and have qualified.
Página 86 - ... draft, bill of exchange, mortgage, judgment, or decree : or who makes any false entry in any book, report, or statement of the association, with intent.
Página 148 - All debts due to any association, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section.
Página 86 - ... issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree ; or who makes any false entry in any book, report...
Página 22 - Currency to commence business and afterwards at meetings to be held on such day in January of each year as may be provided in the articles of association.
Página 43 - ... quarters, that a director is chosen because he is a man of good standing and character, and on that account will give reputation to the bank, and that his only office is to delegate to some other person the management of its affairs, and rest on that until his suspicion is aroused. which generally does not happen until the mischief is done, cannot be accepted as sound. It is sometimes suggested, in effect, that, if larger responsibilities are devolved upon directors, few men would be willing...
Página 39 - ... until some cause for suspicion attracts their attention. The board is bound to maintain a supervision of the bank's affairs, to have a general knowledge of the character of the business and the manner in which it is conducted, and to know at least on what security its large lines of credit are given.