716 ARTICLE 23.
An. Code, sec. 112. 1904, sec, 100. 1892, ch.109, sec. 85G. 1910, ch. 219 (p. 6).
143. The amount of money which any corporation shall have on deposit,
or hold in trust, or loan at any time, shall not exceed ten times the amount
of its paid-tip capital and surplus, and its outstanding loans shall not at
any time exceed said amount; but any such corporation authorized to re-
ceive court deposits may, at any time, receive on deposit and loan out any
money which may be deposited with it by order of any of the courts of this
State, notwithstanding such limitation.1
See notes to secs. 137 and 147.
An. Code, sec. 113. 1904, sec. 101. 1892, ch. 109, sec. 85H. 1910, ch. 219 (p. 6).
144. Any willful false swearing, relative to the .report and examination
hereinbefore provided for, by any person shall be deemed perjury, and be
subject to the prosecutions and punishments for that offense now or here-
after provided for by law.1
See notes to secs. 137 and 147.
An. Code, sec. 114. 1904, sec. 102. 1892, ch. 109, sec. 85I.
145. Whenever it shall be proven to the satisfaction of said treasurer
that any such corporation has surrendered its charter or ceased to do busi-
ness in this State, and has liquidated all its indebtedness to depositors and
creditors, he shall surrender to such corporation any deposit which may be
so held by him in trust for the benefit of the depositors and creditors of any
such corporation.
See notes to secs. 137 and 147.
An. Code, sec. 115. 1904, sec. 103. 1892, ch. 109, sec. 85K.
146. It shall be the duty of said treasurer to report to the general as-
sembly, at each regular session, a summary of the state and condition of
every trust or other corporation required to report to him or to be by him
examined; and such summary shall give the date to which such reports
refer, the amount of capital held by each of said corporations, the whole
amount of its debts and liabilities, the total sum of its resources and such
other information as he may deem useful. Any corporation making the
reports and deposits herein provided for shall not be required to make any
report to or submit to any examination by the insurance commissioner.
See notes to secs. 137 and 147.
An. Code, sec. 116. 1904, sec. 104. 1892,. ch. 109, sec. 85L. 1904, ch. 101. 1908, ch. 153.
1910, ch. 219 (p. 6).
147. The stockholders of every such safe deposit, trust and loan com-
pany or association shall be held individually responsible equally and
ratably and not one for another, for all contracts, debts and engagements
of every such corporation to the extent of the amount of their stock therein
at the par value thereof, in addition to the amount invested in such stock.
Persons having stock entered on the books of the corporation in their names
as executor, administrator, guardian, trustee or pledgee shall not be per-
sonally subject to any liability on such stockholders, but the person pledging
1 This section, so far as it related to trust companies, was repealed by the act of 1910.
ch. 219 (p. 6). As to trust companies, see art. 11, sec. 42, et seq.
|
![clear space](../../../images/clear.gif) |