

BANKING IN MASSACHUSETTS. 



The January No. of the Bankers' Magazine contains a complete synopsis of the ex- 

 isting Laws of the Commonwealth in reference to Bankings &c. under the following 

 heads : 



I. 



Ill, 

 V. 



TIT. 

 IX. 

 XI. 



liabilities, Duties, &c. of Banks- 

 Liabilities and Duties of Directors. 

 Of Bank Notes. 



Promissory Notes & Bills of Exchange, 

 Of the Bank Commissioners. 

 Miscellaneous. 



II. 

 lY. 



VL 



YIII. 



X, 



Liabilities, &c. of Stockholders, 



Cashier and other Officers. 



Of Interest and the Usury Laws, 



Of Notaries Public. 



Of Forgery, Counterfeiting, &c. 



This Synopsis is arranged under appropriate heads, so that each class of officers may 

 refer to its peculiar liabilities, &c. It will be found to contain a full abstract of the 

 various Statutes relating to Tases on Bank Stocks, Loans, Dividends, Loans on Stock, 

 Loans to Commonwealth, Ciicu'ation, Ileal Property, Legislative Examinations, Semi- 

 Annual Returns, Weights and Measures, Legal Tender, Interest, Liquidation, Pledged 

 Stock, Stock Transfers, &c. 



Bank Notes.— Act of Limitation, Execution, Redemption, Small Notes, Illegal Is- 

 sues, Notes for Non-Circulation, Counter Payments, Poreign Bank Notes, Shop Bills. 



CAaHI£B, &c. 



alties. 



Bonds, Embezzlement, Loans to, Tax List, Non-Residence, Pen- 



DiEECTOES.— Liabilities of, Eligibility, Residence, Limit to Number, Time of Elec- 

 tion, Voting, State Directors. pLemoval of Directors, Record, limit V> Loans, Penalty 

 for Excess of Liabilities, Pledged Stock. 



possessioB 



Stockhoiders.— Loans to. Shares, Special Meetings, Liability for Loss of Capital 

 and for Bank Pailure, Special Examinations, Injunction, Fraudulent Transfer of Shares, 

 Penalties. 



PsoMissoKT Notes, *S:c. — Statute of Limitations, Record of Offerings, Damages 

 on Domestic Bills, Damages on Foreign Bills, Grace on Sight Bills, Notes on Demand 

 Endorsers when released. 



Interest.— Rate by Law, Usury, Penalty, City Loans, See. 



Notaries Public— Fees by Law, Protest, Notice, Penalties. 



CorxTERFEiTiNG, *c. — Punishment for making, passing, or having in 

 Counterfeit Bills, Plates, Coin, &c. o» i' o. s 



Bantc Commissioxehs.— Duties, Witnesses, Oath of Office, Loans to, CompeRsa- 

 tion, &c. 



MisCELLAXEOTTs.— Weights and Measures, Stock Gambling, Guardians and Trustees, 

 Collateral Security, Duty of Transfer Officer, Stock Liable for Taxes, Moneys at In- 

 terest, Attachment, Tax of Collateral Stock, Testimony of President, &c. 



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This Synopsis has been prepared with a view of furnishing in a small compass, for the 

 especial use of Bank Director and Bank Officers, a key to the existing Statutes of the 

 Commonwealth. We belierc the summary will be acceptable more especially to the 

 junior officers of Banks, who have not, generally, access to the published Sututes, and 

 who are now preparing themselves for future promotion and usefulness in our banking 

 institutions. The Synopsis will no doubt be useful also to Bank Presidents, Cashiers, 

 and Directors, because it exhibits, under proper dirisions, the legal liabilities of each 

 class, ^Yhich could otherwise be ascertained only by consulting the balky volumes of the 

 Revised Sututes ; these latter making together upwards of sixteen handled pages. 



?^ The Bank^^* Ma^xine is published monthly. M pp. octavo. Copies delivered 

 free of Postage to all the Banks in Rhode Island ; "also to subsmbei^ in New Ha^en, 

 H:..uard, Spnu^rfield, Worcester, Salero, Portl»d, Bangor, Burlington, and other 



i^ ^H^e there are several Banks. 





PEBMAn. 



J. SMITH II03L\.NS, 



Editor Banker$* Magczim^ ill Wr.sMmjton 



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