The Swedish Banking System

Cover The Swedish Banking System
The Swedish Banking System
Flux, Alfred William, 1867-1942
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The period for the completion of the payment of the subscribed capital was shortened from a year to eight months after the commencement of business.
The provision against the acquisition by a bank of its own shares is omitted, though that against their accept- ance as security for a loan is retained.
It is provided that in case a deposit receipt be trans- ferred from one owner to another the transfer should be notified at the bank, as a security for the new owner, a notice to this effect replac
...ing that required by the earlier law to be printed on the receipts.
Interest on savings-bank deposits may not be paid on more than 3, 000 kronor ($804) on any one account.
The bank may not bind itself to repay savings deposits without at least a week's notice, though the notice need not be exacted in actual practice, should special circum-/ stances render that course advisable.
The details of the legislation, as to the process of forma- tion of banking companies, their inspection, etc. , need not be entered upon here.


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