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MONEYED CORPORATIONS OTHER THAN BANKS, BANKING ASSOCIATIONS AND SAV-
An Act (Chapter 10, Laws of 1909) in relation to Banking Corpora- tions, being Chapter 2 of the Consolidated Laws.
ARTICLE 1.
SHORT TITLE: DEFINITIONS.
SECTION 1. Short title
2. Definitions
ARTICLE 2.
GENERAL PROVISIONS.
SECTION 3. The banking department; superintendent..
4. Official seal of superintendent of banks...
5. Deputy clerks and examiners of the bank department.
6. Rooms and furniture
7. Expenses, how defrayed
8. Powers of superintendent
9. Examination of securities deposited..
10. Unclaimed balances
11. Examiners .
12. Examination and certificate as to payment of capital..
13. Affidavit to be made before commencing business.
14. Depoosit of bonds or mortgages with superintendent..
15. Exchange of securities
32. Approval and certificate of superintendent upon incorporation. 132
33. Permission and certificate of superintendent in case of foreign
corporations. ...
... 133
34. Appointment of superintendent as attorney for service of process 133
35. Appointment of receiver
. 129
131
134
40. Rights of creditors and others having relations with merged
41. Communications from banking department
42. Meetings of directors or trustees and reports thereto...
43. Official acts of superintendent and details of department business
to be made public......
139
140
.... 140
44. Banks designated as depositaries of court funds to give bonds
and pay interest
142
45. Banks designated as depositaries of court funds to keep books
of account.
SECTION 66. General powers
67. Lawful money reserve
68. Payment of capital stock
69. Annual meeting and election of directors.
70. Oath of directors
71. Individual liability of stockholders.
72. Limitation of liability of stockholders.
73. Powers of president and vice-president.
PAGE
148
159
160
162
169
172
174
74. Rate of interest
75. Interest permitted on advances on collateral security....
76. Deposit of banks and individual bankers with superintendent.. 174
77. Prohibition against sale of business by individual banker..... 175
78. Change from state to national bank....
79. When deemed to have surrendered its charter.
deposited .
87. Destruction of bank notes
85. When bank may receive interest or dividends upon securities
86. Redemption agencies.
182
183
185
97. Redemption of notes held by banks and individual bankers.... 191
98. Banks closing business
192
99. Proceedings on closing bank
193
100. Proportionate amount of securities to be returned when notes
106. Transfers of securities by superintendent to be countersigned by
SECTION 110. Bills payable otherwise than in money prohibited....
111. Certain bills declared to be promissory notes....
207
.. 207
112. Use of sign indicating bank by unauthorized persons prohibited 208
113. Lost bank certificate; application to court for order requiring
.. 208
209
116. Notice; order, and publishing.
117. Contents of notice ......
210
118. Application for final order
211
119. Order; filing, and service; refusal to pay.
120. Bond discharged; bank released
212
134. Certificate of authorization
215
135. When persons named in certificate become a corporation;
141. Security may be required from employees and salaries fixed... 224
142. Dividends, compensation and loans to trustees prohibited..... 225
143. Repayment of deposits; regulations; limitation.....
229
144. Deposits of minors, and trust deposits, and deposits in the
names of more than one person....
236
145. Wife witness against husband; claimants may be interpleaded. 240
146. In what securities deposits may be invested...
150. Personal security prohibited; loans on bond and mortgage.... 268
151. Mortgaged property to be insured .....
SECTION 157. Examination of vouchers and assets by trustees.
276
158. Expenses to be paid ...
277
159. Certain debts from insolvent banks and trust companies pre-
ferred.
160. Advertisements of unauthorized savings banks prohibited..
161. Charters to be conformed to this chapter....
278
281
183. Examination by and certificate of superintendent.
184. Capital must be paid in cash......
286
287
185. List of stockholders to be furnished to superintendent..
186. Powers of corporation
190. No security required; trust fund debts preferred.
293
191. Official oath not required.......
295
192. Deposits of minors and trust deposits....
193. Investments of capital, surplus, undivided profits and deposits. 295
194. Interest and accumulations
296