Federal Reserve Act As Amended to December 24, 1919
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Whenever the laws of a State require corporations acting in a fiduciary capacity, to deposit securities with the State authorities for the protection of private or court trusts, national banks so acting shall be required to make similar deposits and securities so deposited shall be held for the protection of private or court trusts, as provided by the State law.
National banks in such cases shall not be required to execute the bond usually required of individuals if State corporations under sim...ilar circumstances are exempt from this requirement.
National banks shall have power to execute such bond when so required by the laws of the State.
In any case in which the laws of a State require that a corporation acting as trustee, executor, administrator, The Federal Reserve Act 31 or in any capacity specified in this section, shall take an oath or make an affidavit, the president, vice president, cashier, or trust officer of such national bank may take the necessary oath or execute the necessary affidavit.
What to read after Federal Reserve Act As Amended to December 24, 1919?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Whenever the laws of a State require corporations acting in a fiduciary capacity, to deposit securities with the State authorities for the protection of private or court trusts, national banks so acting shall be required to make similar deposits and securities so deposited shall be held for the protection of private or court trusts, as provided by the State law.
National banks in such cases shall not be required to execute the bond usually required of individuals if State corporations under sim...ilar circumstances are exempt from this requirement.
National banks shall have power to execute such bond when so required by the laws of the State.
In any case in which the laws of a State require that a corporation acting as trustee, executor, administrator, The Federal Reserve Act 31 or in any capacity specified in this section, shall take an oath or make an affidavit, the president, vice president, cashier, or trust officer of such national bank may take the necessary oath or execute the necessary affidavit.
What to read after Federal Reserve Act As Amended to December 24, 1919?
You can find similar books in the "Read Also" column, or choose other free books by Bank of Commerce in New York to read onlineMoreLess
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