Legal Investments for Trust Funds General Principles Statutes And Decisions of
Legal Investments for Trust Funds General Principles Statutes And Decisions of
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In our eReader you can find the full English version of the book. Read Legal Investments for Trust Funds General Principles Statutes And Decisions of Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Legal Investments for Trust Funds General Principles Statutes And Decisions of
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The trustees of a savings bank shall not be held liable for investing in state or municipal bonds named in the last list furnished by the Superintendent of Banks pursuant to section [52] of article two of this chapter, or in any railroad bonds mentioned in such list, which have been legally issued and properly executed, unless such savings bank shall have been notified by the Superintendent of Banks that, in his judg- ment, such bonds do not conform or have ceased to conform to the provisions o...f this section.
Deposit in Bank.
Trust funds may not be kept on deposit in a bank for a longer period than is reasonable while a proper investment is being obtained. Matter of Wotton, 59 A. D. 584; aff'd. , 167 X. Y. 629; Matter of Knight, 21 Abb. N. C. 388.
But a small fund may be deposited in a savings bank. In re Wiley, 98 A. D. 93.
Personal Security.
It is clear, both from the wording of the statutes and from the decisions, that a trustee may not invest trust funds in personal securi- ties. King v.
What to read after Legal Investments for Trust Funds General Principles Statutes And Decisions of?
You can find similar books in the "Read Also" column, or choose other free books by Frank C Frank Cowen Mckinney to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The trustees of a savings bank shall not be held liable for investing in state or municipal bonds named in the last list furnished by the Superintendent of Banks pursuant to section [52] of article two of this chapter, or in any railroad bonds mentioned in such list, which have been legally issued and properly executed, unless such savings bank shall have been notified by the Superintendent of Banks that, in his judg- ment, such bonds do not conform or have ceased to conform to the provisions o...f this section.
Deposit in Bank.
Trust funds may not be kept on deposit in a bank for a longer period than is reasonable while a proper investment is being obtained. Matter of Wotton, 59 A. D. 584; aff'd. , 167 X. Y. 629; Matter of Knight, 21 Abb. N. C. 388.
But a small fund may be deposited in a savings bank. In re Wiley, 98 A. D. 93.
Personal Security.
It is clear, both from the wording of the statutes and from the decisions, that a trustee may not invest trust funds in personal securi- ties. King v.
What to read after Legal Investments for Trust Funds General Principles Statutes And Decisions of?
You can find similar books in the "Read Also" column, or choose other free books by Frank C Frank Cowen Mckinney to read onlineMoreLess
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