Report on Building and Loan Associations

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F. DeKleine Company, 1915

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Página 78 - ... shall become the property of such persons as joint tenants and the same together with all interest thereon shall be held for the exclusive use of the persons so named and may be paid to either during the lifetime of both or to the survivor after the death of one of them...
Página 85 - Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Página 71 - Form 8. Bond of Applicant for a Receiver or Marshal Know all men by these presents: That we, , as principal, and , as surety, are held and firmly bound unto , in the sum of dollars, to be paid to the said , his executors, administrators, or assigns, to which payment, well and truly to be made, we bind ourselves, our heirs, executors, and administrators, jointly and severally, by these presents. Signed and sealed this day of , 19 — * The condition of this obligation is such that...
Página 81 - The shares held by any member, being a householder, of any association incorporated under the provisions of this act shall be exempted from levy and sale on execution or attachment to the amount of one thousand dollars in such shares, at the par value thereof : Provided, That such exemption shall not apply to any person who shall have a homestead exempted under the general laws of this state.
Página 71 - In that behalf, then this obligation is to be void, otherwise to be and remain In full force and effect In law.
Página 85 - ... effect, a copy thereof, certified by the president and secretary of such association, together with an itemized statement of its assets and liabilities, sworn to by a majority of directors, shall be filed with the Commissioner of Banking and Insurance.
Página 84 - ... together with a statement of the condition of the association to the Attorney General, who shall thereupon institute the necessary proceedings to enjoin such association from doing any further business, and for the appointment of a receiver therefor.
Página 83 - Upon taking possession of the effects of the association as aforesaid, said examiner shall prepare a full and true statement of the affairs and conditions of such association, including an itemized statement of its assets and liabilities, and shall receive and collect all debts, dues and claims belonging to it, and may pay the immediate and reasonable expense of his trust. Said examiner shall be required to execute to the...
Página 84 - SEC. 24. The gross earnings of every building and loan association shall be ascertained at least once in each year, from which shall be deducted a sufficient amount to meet the operating expenses of such association, and from said earnings only...
Página 76 - Act; provided, that before such association shall proceed to business it shall adopt by-laws for the regulation and management of its business. Said by-laws shall not become operative until a copy thereof, duly certified by the president and secretary of the association shall have been approved by and filed with the...

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