The Duties and Liabilities of Bank DirectorsFinancial Pub., 1908 - 174 páginas |
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Página 5
... losses sustained by their bank , not by reason of any intentional wrong or neglect upon their part , but simply because of their ignorance of the duties and responsibil- ities devolving upon them . That part of the text relating to the ...
... losses sustained by their bank , not by reason of any intentional wrong or neglect upon their part , but simply because of their ignorance of the duties and responsibil- ities devolving upon them . That part of the text relating to the ...
Página 31
... loss of time through their inattention and negligence . While a bank director identified with var- ious business interests is undoubtedly in a position to bring business to his institution , yet his very position of prominence in the ...
... loss of time through their inattention and negligence . While a bank director identified with var- ious business interests is undoubtedly in a position to bring business to his institution , yet his very position of prominence in the ...
Página 34
... the interest of their stockholders and de- positors . DIRECTORS MUST DIRECT . While losses frequently occur through the mismanagement or dishonesty of employes , directors are usually to 34 THE DUTIES AND LIABILITIES.
... the interest of their stockholders and de- positors . DIRECTORS MUST DIRECT . While losses frequently occur through the mismanagement or dishonesty of employes , directors are usually to 34 THE DUTIES AND LIABILITIES.
Página 37
... losses as their gains and profits . If the cashier , or managing officer , makes a loan , which at the time seemed safe and proper , but which later proved otherwise , he should not be backward about disclosing the matter at once to the ...
... losses as their gains and profits . If the cashier , or managing officer , makes a loan , which at the time seemed safe and proper , but which later proved otherwise , he should not be backward about disclosing the matter at once to the ...
Página 40
... losses sustained through their dis- honesty or the dishonesty of any of the other directors or agents , unless the loss is a result of their own negligence . " If nothing comes to their knowledge to awaken suspicion of the fidelity of ...
... losses sustained through their dis- honesty or the dishonesty of any of the other directors or agents , unless the loss is a result of their own negligence . " If nothing comes to their knowledge to awaken suspicion of the fidelity of ...
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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.