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Articles 1441 - 1451 of 1451

Full-Text Articles in Banking and Finance Law

Trust Receipts Feb 1933

Trust Receipts

Michigan Law Review

That the conflict between the convenience of business and the rigidity of the law continually brings about modifications and expansions of legal doctrine is nowhere better illustrated than in the field of commercial financing. A merchant wishes to purchase goods; he has no funds or available unencumbered property for security; his general credit is too poor to warrant either the manufacturer or a bank in making advances without security. How can the manufacturer give the merchant possession and power of sale of the goods and yet retain a legal hold on them or their proceeds as security for the payment …

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Bills And Notes - Holders In Due Course - Notice To A Corporation Jan 1933

Bills And Notes - Holders In Due Course - Notice To A Corporation

Michigan Law Review

The plaintiff, as assignee of certain negotiable bonds, brought replevin to recover the same from the defendant who had acquired them as collateral on certain loans made to the thieves. The plaintiff proved that blanket notices of the theft had been sent to a number of banks, including the defendant bank, before the bonds were accepted as collateral, thereby raising a presumption that the notice was received by the mailing clerk of the bank. The officers of the defendant trust company denied having seen the notice or having knowledge of it at the time of the acceptance. Held, since …

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Banks And Banking--Enforcement Of Stockholders' Double Liability, Robert E. Stealey Jun 1931

Banks And Banking--Enforcement Of Stockholders' Double Liability, Robert E. Stealey

West Virginia Law Review

No abstract provided.

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Banks And Banking-Relation Of Directors To Corporation-Laches Dec 1929

Banks And Banking-Relation Of Directors To Corporation-Laches

Indiana Law Journal

No abstract provided.

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The Influence Of Securities Regulation Upon Standards Of Corporation Financing, Forrest B. Ashby Jun 1928

The Influence Of Securities Regulation Upon Standards Of Corporation Financing, Forrest B. Ashby

Michigan Law Review

During the first years of the present century both promotional and manipulative swindling in connection with stocks and bonds flourished in the face of the obsolescent and poorly enforced fraud laws which were administered by prosecutors and courts inexperienced in corporate finance. It was not until 1911, after the securities problem had been put squarely before it by the state banking commissioner, that the Kansas legislature passed the first blue sky law to check the issuance and sale of unsound corporate obligations. Since 1911 the development of securities legislation has proceeded until at the present time forty-six states have statutes …

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Corporations-Debts In Excess Of Statuatory Limit Feb 1928

Corporations-Debts In Excess Of Statuatory Limit

Michigan Law Review

Business Corporations generally have the power to borrow money for the purpose of their ordinary business, and to give the customary evidence of the debt and security therefor. Such power can be limited only by statute or by the charter. Statutes frequently provide that corporations should not incur indebtedness in excess of some particular stated amount, usually a certain proportion of the capital stock. A recent Nebraska case allowed the lender full recovery from the guarantor of corporate notes given in exchange for a loan in excess of the statutory limit, holding that excessive indebtedness does not necessarily invalidate contract …

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Recent Important Decisions, Michigan Law Review Jun 1922

Recent Important Decisions, Michigan Law Review

Michigan Law Review

No abstract provided.

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Recent Important Decisions, Michigan Law Review Mar 1922

Recent Important Decisions, Michigan Law Review

Michigan Law Review

Carriers of Passengers - Duty to Stop at Station to Permit Passenger to Alight-Contributory Negligence of Passenger Plaintiff's intestate was riding in the front end of a crowded vestibule car in the coach next to the tender of the eengine. When the train stopped at his station he tried to leave by the front end, but found the door from the vestibule closed. As he did not know how to open it, or was unwilling to be carried by his station, he stepped from his platform to the bumper of the tender and tried to follow it to the side …

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Interlocking Corporations, Harold M. Bowman Feb 1913

Interlocking Corporations, Harold M. Bowman

Michigan Law Review

Once more a striking phrase has suddenly become a part of our everyday speech and with it a cause, though it is as yet a more or less indefinite cause, has found a measure of prosperity. It is an effective phrase, one in which an advertising agent or a seeker of political catch words must take a pure delight. "Interlocking directorates." You do not have to hear it often to find yourself thinking of the boards of directors of many of the big corporations in the land as mortised and fitted to work in perfect unison-an interlocking, interchangeable, intercorporate marvel …

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Some Unscheduled Liabilities Of Trust Companies, Henry M. Bates Sep 1912

Some Unscheduled Liabilities Of Trust Companies, Henry M. Bates

Articles

"The modern trust company, with its varied and highly developed functions, is a characteristic product of our present complex civilization... The trust company, as some one has said, has become the corporation's corporation, a sort of super-corporation.... The question then naturally arises, is there any law peculiar to trust companies?"

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Note And Comment, Walle W. Merritt, Albino Z. Sycip Dec 1911

Note And Comment, Walle W. Merritt, Albino Z. Sycip

Michigan Law Review

Death of Gustav Stein; "Unenforcible Trusts" Made Enforcible by Statute; What Becomes of the Real Property of An Eleemosynary Corporation Upon its Dissolution?; Crossed Checks in England, and an American Analogy;

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