Digest of National Bank Decisions
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Y. Appls., 1875). The cashier or other executive officer of a national bank has not, in the absence of special authority from the directors, or of a usage or practice so to do, power to receive, on behalf of the bank, property for safe-keeping. (First National Bank of Lyons v.
Ocean National Bank, appellant, 60 N. Y., 278; 1 N. B. C, 728.) EFFECT OF ACTS OUTSIDE CASHIEE'S AUTHORITY.
Cashier of bank not presumed to have the power to bind it as an accommodation indorser on his individual note.
1 ...(U. S. Sup. Ct, 1877). The cashier of a bank is not, by reason of his offi- cial position, presumed to have the power to bind it as an accommo- dation indorser on his individual note, and the payee who fails to prove that the cashier as such had authority to make the indorse- ment can not recover against the bank. (Western St. Louis Savings Bank v. Shawnee County Bank, 95 U. S., 557.) Cashier paying individual debt to correspondent bank with bank's funds — By sending bank's currency — By sending of, draft on another bank made by himself to himself.
What to read after Digest of National Bank Decisions?
You can find similar books in the "Read Also" column, or choose other free books by United States. Office of the Comptroller of the Currency to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Y. Appls., 1875). The cashier or other executive officer of a national bank has not, in the absence of special authority from the directors, or of a usage or practice so to do, power to receive, on behalf of the bank, property for safe-keeping. (First National Bank of Lyons v.
Ocean National Bank, appellant, 60 N. Y., 278; 1 N. B. C, 728.) EFFECT OF ACTS OUTSIDE CASHIEE'S AUTHORITY.
Cashier of bank not presumed to have the power to bind it as an accommodation indorser on his individual note.
1 ...(U. S. Sup. Ct, 1877). The cashier of a bank is not, by reason of his offi- cial position, presumed to have the power to bind it as an accommo- dation indorser on his individual note, and the payee who fails to prove that the cashier as such had authority to make the indorse- ment can not recover against the bank. (Western St. Louis Savings Bank v. Shawnee County Bank, 95 U. S., 557.) Cashier paying individual debt to correspondent bank with bank's funds — By sending bank's currency — By sending of, draft on another bank made by himself to himself.
What to read after Digest of National Bank Decisions?
You can find similar books in the "Read Also" column, or choose other free books by United States. Office of the Comptroller of the Currency to read onlineMoreLess
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