A Treatise On the Law of National And State Banks, Including the Clearing House And Trust Companies, With An Appendix Containing the National Bank Act As Amended, And Instructions Relative to the Organization of National Banks
The book A Treatise On the Law of National And State Banks, Including the Clearing House And Trust Companies, With An Appendix Containing the National Bank Act As Amended, And Instructions Relative to the Organization of National Banks was written by author Magee, H. W. (Harvey White), B. 1847 Here you can read free online of A Treatise On the Law of National And State Banks, Including the Clearing House And Trust Companies, With An Appendix Containing the National Bank Act As Amended, And Instructions Relative to the Organization of National Banks book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is A Treatise On the Law of National And State Banks, Including the Clearing House And Trust Companies, With An Appendix Containing the National Bank Act As Amended, And Instructions Relative to the Organization of National Banks a good or bad book?
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His statement to a person who was in treaty to purchase that the bank was not the owner of a certain security in his manual possession as cashier, was clearly within the line of his duty and was binding on the bank. § 133. Cashier has inherent power to deal in bills of exchange. A bill of exchange is "A written order from one person to another, directing the person to whom it is addressed to pay to a third person a certain sum of money therein named." ^ "A foreign bill of exchange is one which ...the drawer and drawee are residents of countries foreign to each other." TWood, Byles on Bills, 1. 170 The Cashiee. [oh. x. In this respect the States of the United States are held foreign to each other.* An inland bill of exchange is one of which the drawer and drawee are residents of the same State or country." A cashier has the inherent power to buy and sell foreign or inland bills of exchange. The National Banking Act, by provisions of section 5197, Eevised Statutes of the United States, authorizes national banks to purchase, discount or sell a bona fide bill of exchange.
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