are transferred to those laws respectively, while all penal provisions are put in the Penal Code. These provisions thus transferred, relate mainly to the conduct of elections, the increase or reduction of capital stock, the liability of stockholders, and the change of name of banking corporations. The provisions relating to the appointment and procedure of receivers contained in sections one hundred and twenty-nine to one hundred and sixty-five of the general banking act of 1882, were repealed, and will be included in the Receivers' Law to be introduced at the next session of the Legislature. Until then, the general receivers provisions of both the statutes and Code of Civil Procedure will apply. The provisions of the act of 1882 relating to the subject of taxation of banking corporations have been omitted, and will be inserted in the revision of the tax laws. These provisions have not yet been repealed, and will stand until such revision has been adopted. The schedules of laws repealed printed on pages 125-6 and 157-65 of this volume will more fully indicate these changes. In order to complete this work, chapters have been added, containing the Statutory construction law, General corporation law, Stock corporation law, and those sections of the Penal Code, Code of Civil Procedure and Tax Laws, specially applicable to banks and other monied corporations. In their preparation, the experience of Mr. Dickinson in connection with the work of the Commissioners of Statutory Revision upon the Banking Laws, has enabled us to present a volume of greatly increased value. ALBANY, May, 1892. E. A. G. C. C. D. CONTENTS. 3. The banking department; superintendent.. 4. Official seal of superintendent of banks...... 5. Deputy clerks and examiners of the bank department.......... 12. Examination and certificate as to payment of capital.. 13. Affidavit to be made before commencing business.. SECTION 26. Calculation of profits..... 27. Losses in excess of profits.. 28. Publication of unclaimed dividends and deposits. 30. Approval and certificate of superintendent upon incor- 31. Permission and certificate of superintendent in case of 32. Appointment of superintendent as attorney for service of 56. Rate of interest on loans on warehouse receipts..... SECTION 73. Appointment of agent by new corporation 74. Revocation of appointment... 78. Redemption of notes held by banks and individual bankers, 59 80. Proportionate amount of securities to be returned when 81. Deposit of cash for redemption of notes.. 82. Circulation of foreign bank notes prohibited. 83. Notes not receivable at par not to be paid out. 84. Bills or notes must be payable on demand 85. When bills of exchange to be without grace.. 86. Transfers of securities by superintendent to be counter- 87. Unauthorized banking prohibited. 88. Restrictions as to foreign corporations. 89. Restrictions as to banks and their officers.. 90. Bills payable otherwise than in money prohibited 91. Certain bills declared to be promissory notes. 83 |