Bank Laws Fourth Edition Bank Act of California As Amended Public Deposit Act
Bank Laws Fourth Edition Bank Act of California As Amended Public Deposit Act
N W Halsey
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Appointment 161. Sec. 3 of the act of June 30, 1876, as amended by acts and qualification of August 3, 1892, and March 2, 1897, provides that whenever of shareholders' any association shall have been or shall be placed in the hands agent, of a receiver, as provided in section fifty-two hundred and thirty- four and other sections of the Revised Statutes of the United States, and when, as provided in section fifty-two hundred and thirty-six thereof, the Comptroller of the Currency shall have paid... to each and every creditor of such association, not including share- holders who are creditors of such association, whose claim or claims as such creditors shall have been proved or allowed as therein prescribed, the full amount of such claims, and all expenses of the receivership and the redemption of the circulating notes of such association shall have been provided for by depositing lawful money of the United States with the Treasurer of the United States, the Comptroller of the Currency shall call a meeting of the share- holders of such association by giving notice thereof for thirty days in a newspaper published in the town, city, or county where the business of such association was carried on, or if no newspaper is there published, in the newspaper published nearest thereto.
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