A Treatise on Trust Company LawT.H. Flood, 1917 - 588 pages |
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Common terms and phrases
act as trustee administrator applied appointed attorney authorized Board of Directors bondholders bonds capital stock Central Trust Co certificate cestui chapter City clause Commonwealth Trust Co company laws contract County creditors deed defendant depositary duties Equipment Trusts Equitable Trust Co escrow Executive Committee executor exercise Fidelity Trust Co fiduciary filed foreign corporation foreign trust company Guaranty Trust Guaranty Trust Co guardian held holders individual trustee interest investment issued liability Loan & Trust ment mortgage N. Y. App N. Y. Supp Notary Public notice organization certificate organized paid pany payment person plaintiff poration President principal purchase purpose railroad real estate receive registrar rule Safe Deposit Secretary Section securities statute statutory stockholders superintendent of banks surety thereof tion title insurance transaction transfer agent trust funds ultra vires York
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...