The Banking Laws of Illinois
The Banking Laws of Illinois
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(Section 8. ) Associations organized under this ESTATE, Act shall be bodies corporate LIMITATIONS *^^ politic for the period for which they may be organized, may sue and be sued, may have a common seal which they may alter or renew at pleasure, may own, possess and may carry as assets the real estate necessary in which to do a banking busi- 15 nesSj and such other real estate to which they may obtain title in the collection of debts, but shall not carry in the assets any real estate except the ...banking house for a period of more than five years after acquiring title to same. (Section 9-) The total liabilities to any asso- LIMITATIONS sociation of any person or of RESTRICTIONS ^^^ corporation or firm for money borrowed including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed fifteen per cent, of OF LOANS the amount of the capital stock of such association actually paid in and unimpaired and fifteen per cent, of its unimpaired surplus fund.
What to read after The Banking Laws of Illinois?
You can find similar books in the "Read Also" column, or choose other free books by Statutes Illinois Laws to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(Section 8. ) Associations organized under this ESTATE, Act shall be bodies corporate LIMITATIONS *^^ politic for the period for which they may be organized, may sue and be sued, may have a common seal which they may alter or renew at pleasure, may own, possess and may carry as assets the real estate necessary in which to do a banking busi- 15 nesSj and such other real estate to which they may obtain title in the collection of debts, but shall not carry in the assets any real estate except the ...banking house for a period of more than five years after acquiring title to same. (Section 9-) The total liabilities to any asso- LIMITATIONS sociation of any person or of RESTRICTIONS ^^^ corporation or firm for money borrowed including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed fifteen per cent, of OF LOANS the amount of the capital stock of such association actually paid in and unimpaired and fifteen per cent, of its unimpaired surplus fund.
What to read after The Banking Laws of Illinois?
You can find similar books in the "Read Also" column, or choose other free books by Statutes Illinois Laws to read onlineMoreLess
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