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Building and Loan Associations: (English)

Building and Loan Associations: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 Excerpt: ...hy section one of this act; and in tho caseof corporations not having a president, treasurer and directors, the certificate of tho vote of the corporation required by section three of this act bhall be sufficient if signed and sworn to by the presiding and the financial officer and a majority of its other officers having the power of directors, by whatever name called. (.'haitkk 403. Whenever, upon examination or otherwise, it is the opinion of tho hoard of commissioners of saving- banks that any association or corporation established uudf the laws of another state, for the purpose of carrying on the, business of accnmt ting the Raving of its member- ami loaning to them such accumulations in the manner of a cooperativo bank, ami authorized to do business iu this commonwealth, is transacting surli business in a manner hazardous to the public, or its conditiou is curb oe to render furtber proceedings by it bazardons to tho public, said lioaril sball revoke or suspend tho authority given to Riieh association or corporation if it hae been authori/ed to do business in the commonwealth: ia aforesaid, and if not so authorized said board shall notify it to cease tho transaction of encb business; and in either rase such association or corporation -hall thereafter have no authority to transact such business within the commonwealth. But nothing herein contained shall prevent such association or corporation from loaning money upon mortgages of real estat- located wiMiiu the commonwealth. MICHIGAN. HOWELL'8 ANNOTATED STATUTES OF 1882. Section 3252. Any ten or more persons may associate ami form;i society, under the provisions of this act, for the purpose of receiving, loan ing and i n vesting money; hut it shall not he lawful for such society to ..


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Product Details
  • ISBN-13: 9781130099867
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Edition: Annotated edition
  • Language: English
  • Returnable: N
  • Spine Width: 11 mm
  • Width: 189 mm
  • ISBN-10: 1130099865
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Height: 246 mm
  • No of Pages: 210
  • Series Title: English
  • Weight: 386 gr


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