General Laws of New York: Containing All Amendments to the Close of the Session of L899, Volumen3 |
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Términos y frases comunes
action Added agent agricultural amended by chap amount annual application appointed association authorized bank become bonds by-laws capital stock cause certificate chapter charge church commissioner consent constructed copy court debt deemed deposit determine directors dollars duties election examination existing expenses filed fire five formed fund held hold hundred incorporation individual banker insurance corporation interest issued least less liabilities loan located manner meeting mortgage necessary notes notice operation organized owner paid payment person poration powers premium prescribed president proceedings provisions railroad receive recorded refuse respectively road savings securities shares society specified statement stockholders superintendent superintendent of insurance term thereafter therein thereof thousand dollars tion town transact transfer trustees United unless village violation vote
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Página 2950 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Página 9 - Holder" means the payee or indorsee of a bill or note, who is in possession of it, or the bearer thereof. "Indorsement" means an indorsement completed by delivery.
Página 3031 - Laws repealed. — Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is hereby repealed.
Página 13 - Where an instrument expressed to be payable at a fixed period after date is issued undated, or where the acceptance of an instrument payable at a fixed period after sight is undated, any holder may insert therein the true date of issue or acceptance, and the instrument shall be payable accordingly. The insertion of a wrong date does not avoid the instrument in the hands of a subsequent holder in due course; but as to him, the date so inserted is to be regarded as the true date.
Página 13 - The instrument is payable to bearer — 1. When it is expressed to be so payable; or 2. When it is payable to a person named therein or bearer; or 3. When it is payable to the order of a fictitious or nonexisting person, and such fact was known to the person making it so payable; or 4. When the name of the payee does not purport to be the name of any person; or 5.
Página 12 - An instrument is payable on demand — 1. Where it is expressed to be payable on demand, or at sight, or on presentation; or 2. In which no time for payment is expressed. Where an instrument is issued, accepted, or indorsed when overdue, it is, as regards the person so issuing, accepting, or indorsing it, payable on demand.