Digest of the Banking, Trust Company, and Building and Loan Association Laws of the Commonwealth of Pennsylvania: Compiled Under the Provisions of an Act of Assembly of the Commonwealth of Pennsylvania by Direction of the Commissioner of Banking

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Harrisburg Publishing Company, State Printer, 1907 - 180 páginas
 

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Página 5 - No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received : and all fictitious increase of stock or indebtedness shall be void.
Página 6 - The General Assembly shall have the power to alter, revoke, or annul any charter of incorporation now existing and revocable at the adoption of this Constitution, or any that may hereafter be created, whenever, in their opinion it may be injurious to the citizens of this Commonwealth, hi such manner, however, that no injustice shall be done to the corporators.
Página 139 - A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.
Página 138 - Where the instrument is payable at a bank, presentment for payment must be made during banking hours, unless the person to make payment has no funds there to meet it at any time during the day, in which case presentment at any hour before the bank is closed on that day is sufficient.
Página 128 - ... statement or account which he shall know to be false in any material particular with intent to deceive or defraud any member, shareholder, or creditor of such body corporate or public company, or with intent to induce any person to become a shareholder or partner therein, or to intrust or advance any property to such body corporate or public company, or to enter into any security for the benefit thereof, shall be guilty of a misdemeanor...
Página 127 - ... with intent to defraud, omits to make, or to cause or direct to be made, a full and true entry thereof in the books or accounts of such corporation or association, and every director, officer, agent, or member of any corporation or joint-stock association who, with intent to defraud...
Página 5 - No foreign corporation shall do any business in this State without having one or more known places of business, and an authorized agent or agents in the same upon whom process may be served.
Página 58 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. Fourth. Such as it shall purchase at sales under judgments, decrees or mortgages held by the association, or shall purchase to secure debts due to it.
Página 61 - ... of its net profits of the preceding half year to its surplus fund until the same shall amount to 20 per centum of its capital stock.
Página 138 - A check is a bill of exchange drawn on a bank payable on demand. Except as herein otherwise provided, the provisions of this act applicable to a bill of exchange payable on demand apply to a check.

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