A Treatise on Trust Company Law

Front Cover
T.H. Flood, 1917 - 588 pages

From inside the book

Contents

CompaniesStatus with reference to Fiduciary Business of constituent Companies
31
CHAPTER V
37
Ultra Vires as Affected by Fiduciary Power in a Corporation
43
CHAPTER VI
45
Principles of Construction of Trust Company Charters 22 Organization under General and Special Laws
46
The Trust Company as Having Varied Powers 24 Trust Companies as Banks
50
Trust Companies as Agents
52
Trust Companies as Guardians and Committees
53
Trust Companies as Receivers and Assignees
55
Trust Companies as Sureties
56
Power of Trust Companies to Act as Guarantors
57
Trust Companies as Underwriters
58
CHAPTER VII
60
Trust Companies Generally Like Individual Trustees 32 Specific Provisions as to Integrity of Trust Funds
61
Integrity of Trust FundsParticipating Mortgages
63
Deposit of Trust Funds in Companys Own Banking Department or with Companys own deposits in other BanksInterest Rates
64
Provisions in Trust Company Statutes respecting Investments
67
Liability of a Trust Company for Trust Funds
73
Right to follow Trust Funds turned over by a Statu
77
Liability of Joint Trustees
84
CHAPTER X
91
Legality of Such Instruments
97
Details in Form of Mortgage Deeds of Trust
105
Liability of Trustee for Damages for Breach of Trust
108
Trustees under Conflicting Mortgages Continued
118
Right of Access to Public Records Indices of United
119
Criticism of the Form and Security of Car Trusts
124
Implied Power of Bank to Act as Transfer Agent
130
Definition and Effect of Countersigning
136
Right of Corporation to place Restrictions upon Trans fer and Issue of its Stock Incident to Services of a Countersigning Agent
137
79 Liability of Companies for Acts of their Transfer Agents Registrars
138
Liability of Trust Companies as Transfer Agents
140
81 Liability as Transfer AgentContinued
143

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Common terms and phrases

Popular passages

Page 300 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 282 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page 361 - On this day of , Nineteen Hundred and Thirty , before me personally appeared and (his wife) (her husband), to me known to be the persons described in and who executed the foregoing instrument, and acknowledged that they executed the same as their free act and deed.
Page 204 - It is not a lawful business except for members of the Bar who have complied with all the conditions required by statute and the rules of the courts. As these conditions cannot be performed by a corporation it follows that the practice of law is not a lawful business for a corporation to engage in. As it cannot practice law directly, it cannot indirectly by employing competent lawyers to practice for it, as that would be an evasion which the law will not tolerate.
Page 153 - ... corporation as required by law, or to exhibit or allow the same to be inspected and extracts to be taken therefrom by any person entitled by law to inspect the same or take extracts therefrom.
Page 318 - Title, and that he is the owner in good faith, and in his own right, of the number of shares of stock required by this...
Page 314 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 308 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 461 - On this day of , 19 , before me, appeared — to me personally known, who being by me duly sworn, did say that he is the President of a corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation and that said instrument was signed and sealed in behalf of said corporation by authority of its Board of Directors, and said acknowledged said instrument to be the free act and deed of said corporation.
Page 435 - Corporation is authorized to make such expenditures and to enter into such contracts, agreements, and arrangements, upon such terms and conditions and in such manner as it may deem necessary...

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