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Trust Companies.
42. Formation; articles of incorpora-
tion. Capital.
43. Execution, approval, certification
and record of articles. Publica-
tion of intention to organize.
44. Organization certificate to be sub-
mitted to commissioner.
45. Certificate of authorization to com-
mence business.
46. Powers of corporation.
47. Fiduciary capacities in which trust
companies may act. Deposit of
money with.
48. When fiduciary or depositary, no
bond required. Liabilities so in-
cured, preferred accounts.
49. No oath required when fiduciary.
50. Directors. Elections. Vacancies.
51. Application of this article to trust
companies; proviso as to existing
companies.
General Regulations.
52. What "banking institution" in-
cludes.
53. Stock book; penalty for failure to
exhibit. Evidence. Voting.
54. Amendment of articles of associa-
tion. Increase and reduction of
capital.
55. For what purposes real estate may
be purchased, held and conveyed.
56. Reports to bank commissioner ;
publication thereof; special re-
ports.
57. Forfeiture for failure to comply
with preceding section. Failure
to pay forfeiture.
58. False statement or entry In books
or papers.
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59. Consolidation.
60. Liquidation.
61. How institution may be placed in.
the hands of bank commis-
sioner.
62. Cash reserve. Additional reserve.
63. Steps to be taken if reserve falls
below requirements.
64. Maximum liability of any person,
etc., for money borrowed.
65. Loans to officers, etc.
66. Certification of checks without,
funds; effect of certification.
67. Dividends. Surplus. Losses.
68. When dividends may not be paid —
liability of stockholders and di-
rectors.
69. Liability of stockholders. Stock
held in a fiduciary capacity.
How liability of stockholders
may be enforced; proviso.
70. Stock is personal property; trans-
fers.
71. Deposits by minor or married:
woman; receipt therefor.
72. Deposit in trust.
73. Deposit in names of two persons-
payable to either or the survi-
vor; receipt therefor.
74. Legal process.
75. Persons, etc., not subject to this-
article not to represent them-
selves as transacting a banking
business; penalty; proviso.
76. Oath of stockholders before voting ;
proviso.
77. False and derogatory statements--
relative to the financial condition.
or solvency of banks, etc.; pen-
alty.
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