The National-Bank Act As Amended : With Other Laws Relating to National Banks, From the Revised Statutes of the United States
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5201, E. S.) For failure to make good any impairment in its capital stock and refusing to go into liquidation within three months after receiving notice. (Sec. 6205, E. S.) For false certification of checks by any ofiicer, clerk, or agent. (Sec. 5208, E. S.) 36 NATIONAL-BAlirK AOT. 154. N'OTICB TO OEEDITOES OP INSOLVENT BANKS. (SEC. 5235.) The Comptroller shall, upon appointing a receiver, cause notice to be given, by advertisement in such newspapers as he may direct, for three con- secutive mo...nths, calling on all persons who may have claims against such association to present the same and to make legal proof thereof. 155. Distribution of Assets of Insolvent Banks. (Sec, 5236.) From time to time, after full provision has been first made for refund- ing to the United States any deficiency in redeeming the notes of such association, the Comptroller shall make a ratable dividend of the money so paid over to him by such receiver on all such claims as may have been proved to his satisfaction or adjudicated in a court of competent jurisdiction, and, as the proceeds of the assets of such association are paid over to him, shall make further dividends on all claims previously proved or adjudicated ; and the remainder of the proceeds, if any, shall be paid over to the shareholders of such association, or their legal rep- resentatives, in proportion to the stock by them respectively held.
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