This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ...on the books of the corporation. But after the bank has notice of a transfer, it cannot hold the shares against the assignee for any subsequently created debt of the assignor. 702. The lien secures a debt not yet mature, (Maryland contra, ) and attaches to the whole stock of the debtor; no part of it can be ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ...on the books of the corporation. But after the bank has notice of a transfer, it cannot hold the shares against the assignee for any subsequently created debt of the assignor. 702. The lien secures a debt not yet mature, (Maryland contra, ) and attaches to the whole stock of the debtor; no part of it can be sold by him. 329. 700. But the bank, after usiug its lien, and applying the stock to it debt, is postponed, as to the rest of the debtor's property, to the other creditors. (3) Waiver. (v) Other security taken by the bank will release the stock, (unless 701. the lien is reserved expressly, ) but the tender of other secu. 704. rity not accepted by the bank will not release the stock; the bank cannot be compelled to exchange securities. See 330. 701. (6) By allowing a transfer on the books, without expressly reserv ing its lien, it is waived. (4) The Statute of Limitations, When it affects only the right of action, and does not destroy 701. the debt, has no effect on a lien, for it is appurtenant to the debt. f5) Sureties. 703. Who pay the bank are subrogated to its rights, lien and all. C. Shareholder's Rights. 706. (1) To surplus assets after the bank's debts are paid. 692. (2) To contribution, when paying more than a due share. 707. (3) To new shares. Existing shareholders have the first right to subscribe for new shares issued after all the original capital stock is subscribed for, in proportion to the shares they already hold. (4) To dividends. 708. Demand must be made at a time when it is the bank's duty to 716. pay, before suit can be brought. 720. (5) To restrain officers from wrongful acts by injunction, in some cases, as wrongful...
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Add this copy of A Treatise on the Law of Banks and Banking; Volume 2 to cart. $46.72, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES, published 2016 by Wentworth Press.
