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DIGEST OF BANllNG AND COMMERCIAL LAWS
COMPlLt:0 t:XPln:sst.v l'OR EACH EDfTION OP THt.: kANl>-M,NALLY BAN)l;ERS' L>UU:CTORV
by pr.,minf'tll AUorunv• in • •·h Rt.au- al ll,r l'.nil.4',o-1 8t.at• aod •rh pnwinr e ol Cana..1.4, tl,e oame
ol th\" l'UIUJ>ilrr DPl""ft"''« at thr h"ft.li nl rarh Stlltr Thr I.Aw• .,.. c-111.-n.,J lUjJb-ll>..:Wcnlly
.. .:urJ1U& w tilata. J ' m,;111c,w ul C-1& au,• t...'-nd la.l.
IMPORTANT I
F• 'tabulat..l lnl.,....Uon, fer qukk . . , . , . _ in ,.....,,! to 1111.-,-1 Haw., l>ay1 fli Oraoe,
for Pro&GlkJ ll•U.. Statul• al L11u11M1tm~. ~"&"lahlc ln.•tri11urnlA, anJ llululaya, pa . . 14 and
Map b e t - ~ 12 and 13. The NeSoUable lnatnunenta Law ha. been adopted ln ~ St.alee
wh- nanwa are printed In Red on that Map.
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SYNOPSIS Ot-'
THE LAWS OF ALABAMA
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BANKING AND COMMERCIAL LAWS-ALABAMA
llold eatates 11161' be created to Ian aoc exoeedlnc tWeDtf ,eara,
ltu\ II loncer void u to exoeu. A 111&1'11ed womaD muac mal.e the
fDUowlDc ackDowledrmeDt to a conveyaDce of a bomeatead:
SCI.Ce of . . ...... , Couot, of ..... . . .
t . .. .. . ....... Judce or ........ <or other officer> do hereby oe car,
Iliac. OD tbe . . . .. ..... day or . . .. .. .. . . . .• 1t . .. .• oame before me
Ill• WltblD oamed . . . . . . . . . . . . . . . . . . • kDOWD to me (or made
lmo"1l to me> to be the wife or cbe wltblD named . . . . . .... . .... . ..
wllo, belDC eumlned ~parate and apart from her husband touchlD8
ber llcoature to tbe within .. . ..... . .• acknowledced tbal elle 11cned
tbe ume or her owD' free will and accord, and without rear. comcralot.
or threata on the part or her huahaDd.
lD wltneu whereof, I hereto aet my h&Dd tbll . . . . . . . . day of
pro~,,..._....,
........... 19 ....
••••. • ...• •• .•. iomolai ciia'racter.i .. . .
Corporation to malte-followlnc acknowledcment:
. . . .. ... .. .. . . . ... ... . . . tbat ..... . .. ..... . . . ... .. ..... . ... ..
~h~ f:r'::ot:,· conveyance: and ;;.;g~.tt~~: :~~a!~°t°no1:.r~!~~
=~iy!'~~~'lie~11~ ::%11 ~~~::C~~~ ~t'l."::.°3 a0Jt~~~t~~:!~t~
~t:
I
ume voluntarlly tor and as tbe act or eald corporalloo .
Corporation,. Every company, corporatloD, or asaoolatlon, not
orcanl.zed under the laws or Alabama. eniraced ID any other buslotban Insurance. shall, before eocaclnc In aoy buslneu In lbla State,
Ille In tbe office or the eecretary ol etate. at the capitol In Montcomery,
an Instrument ID wrltlnr. under the seal or sucb company, corporation.
or usoclatloo. aod slcoed officially by the president and aecretary
~~:g ~~:'~l ::sr:c:.~ul-; Jt~~=~au,,
r:,-r:~
1uod aecurltf, below U0, tblrtf da:,a over UO.
da,a.
Fraud. ObtalDIDC moDef or IOC)da OD endlC 11Dder talN eolor •
preteme of oarry1D1 on bUIID- or 11Dder falle re~iauo. ol
pecunlar, condition. wttb ID tent to defraud. or bl'IIIClnc IDIO 1M - - •
money or coodl 80 obtained. pllllllbed u laroRf.
Garnishment may lalae In u, after IDIC oo _ _ _ . upoa
affldavtt of D-81lty and bond u lD attaobmeat-. or after Jlldemeni. Without bond .
and Wife. Tbe wife bu tall l-1 oapadtJ' 10 _ . . .
u Uu1band
It ebe were eole, euept that ahe can aoc allenale or _ _ _ , ur
real eetate Without the huaband Jol.DIDC ID t.be conveyance. w.nlea Ille
buaband be lnlane or bu abandoned lier or II a aoo-1'..ad-t. or II
Imprisoned uoder a convtotloa for mtme lor a ll8l1od of l•o ~ «
more. In wblcb the wife may convey IC u If lbe wwe eole.
Husband and wife may contraoc With •cb other, bDC \be w"9 not be surety tor the husband. All of the properly and "'- .....,.
of the wife are ber separate eatale, and are aec Hable tor \be debtat of
the huab&Dd. The wife muat IUe aad INI nod aloDe tor all marelatlDC to ber eeparate eatate or ooalractat. ud tor all \ona lo It«
g~'!'{iD
of ~~=~=-oery OOurl bu power to rel~e of &IY
=~~ ~~~~~~.~:J !~~'ii~S\~~~1~~0 1:"rcr~:~ 0 ll~~·~~c.!~~~1l'.::'f.
enraced lo aoy business ol losuraoce, tbe atatement must be ftled In tbe
offloe ot the Insurance commissioner. II the areot Is changed, a new
paper must he llte,1. Helli oot to apply to corporations aelllog goods
. , tra.,ellnll' airent or sample. Foreign corporations transacttoir huelD- In this State without complrtog with above provl3lona. lor eacb
&,ff~ii:~ ~~~1i:~~~~a! ID~~Oso8 ~.::irer?o•:,?er:i~ :!cf~~~!:
:!:3iredAllo 1;:~•~rcc~~::.u~,..~irl~~•1~~u;1r:p~!rJ~~c!~~~Ca:
•Pita!. Forelcn corporations can do no business until I - are paid
uad all contracta belore tb•n are void. Every loreltrn corporatloD
required to procure from ~cretary or etate a permit to do bustoese
ID \Ile State. Thia permlc costs SI0 per annum.
Couru. Terms and Jurlldlctlon. Tbe supreme court, e:otcepl
le wue writs or loJUDotlon. babeaa corpus. quo warrnnto, &Dd other
remedial anti ortirtoal wrlts necessary to It., supervision of lnfertor
oourta. and lmpeacbmcnts of Judicial officers. bas only appellate Jurla0 fp ca!f:t~fu~~c~~nt~~
rd
1
cac:'~~t ~~ a~f:':
Ille amount Fovolved exclusive or Interest and oosts does Dot exceed
Ille aum of at ,ooo. %. Ot all misdemeanors, lncludloc the vlolatloo
ot town and city ordloancea. baatardy, habeas corpus, aod all teloolea,
~~t t~gU~Dl~~~eCD~Dn~lt~:ie~~~n ala!-w;~:1~fc~~~ ~h:n°tii'e
_,ter or sum In controversy cxoc,cds no, and exclusive JurledlctloD
el llbel, alaoder, aaaault and battery, and eJectment. Tbe courts of
eb&Doery bave exclusively equity Jurisdiction. Re1111lar terms of
both twice a year ID nearh· every county. Chancery courts have
fllll equity powers. Justices or the peace have Jurisdiction of all
91VII cau•e• where the amount In contro\'ersy does not exceed $100 ID
value, except lo cases of llbel, olandcr. a88&ult and batten·, and
~~~;"n":ra, f;.t~csb:'.:c' 1o~~rt~~~vrW:.10 ti~~~:n:~1"::v.:,",.~" 1~ 8.'~!,1
eourts of law. In ftrm name, without settlnc lortb names of oo-partaen, but Judicment lo ,uch suits hind only partnership'• property.
Dot that ol trullvtdual partners . The writ may be served upoo any
one ol the partners: the Judgment reaches the partnership property
alone. Any one partner, or bis personal repr~.acntl\tlve. may be
eued alone on a partnership obllin,tlon . Non-resldeota must ctve
ec,curlty lor costs wh<'D suit Is oommene.·d or within aucb time thereafter 11s the court may direct. Moner may t,e <lepo•ltcd with the
Cll«k 10.icad or sureties.
Daye or Grac:e are abollahed. <See Neirotlable lnetruments.l
Deposition,. ID cases at law, deJ>osttlooe may be taken ol wti•-"s wbo cannot be pn•seut n t th,· trial lo the lollowln,r cases :
When the witness Is a lernate : when the wltneos ls too sick to attcoll
oourt; when the witness resides more than too miles Crom the ptaoe of
lrlal. or Is ab<leot from the State: wh,•o the wltn~•• to al,out to i.a,·e
lbe State. and nol return In time !or the trial ; when the wltnrs, 11 the
eole witness or tbe ra,·ts; when the wltoeM Is one or the onte,·rs deal1t·
Dated lo Code 1-o. 4030. Alllda,·tt must be 11111d• ol one of the abo\'e
facto, and ol the matertllllty or the wttne•s. ~lay be tak,·o on later•
ro~atortcs by a comml••looer ap1,otnt,·d hy the rourt lor that purpose.
t: ~!af
3~~rii:y
:.rr~~'u::;','to~~':.~r..~=~ r:!
't~ rJfg!,,~~-
fJ
Tbe cornmts~loner may l,e an}· sultahle J)(•r~on. ncc:-d not be ,-n officer.
to equity oulUI, where wltneso•s 11,·e within too mite• or the place of
trtal . depositions may h<": tak<'n by or1tl c:\amlnnt1ou hrforr the rec-l&ter. or a t1peclal examiner. or commissioner ap11olntcd for the purpose
ni1::t~!~fn
~::1: s"t1t:.r~~~~:f;, .J;)J;c[~~ tf.~.t~~\~~o~'~7~1~'ut~Y;~!
the widow 's do"-"f"f, ns follows: flna to the ch1ldn·11 ot the IDtf'~tate
or their dcsccntlants per stlq)r ~ In t"Qual parts. i\c-1t . to the pt1rc11ts.
~~~:,s;:.~ nd'~~~~:::·of~&:
0a1
~0;;1~!'1r8i~~~~.; ~~r~~1~!~d'~~::haU t~na;c
<le ...-eascd or tht: lr dcsccudaul8. and If tb(·rc be no hrothcra antl slstcra
and :llelr dcsccndauta. tl.lt'U th e wbolt· t~state shttll iro lo tb c 11lH\ J\·lnr
par~ot . U the-re arc no C'11lldn•n or their dcsrt·rnlnntll. and no rather
or mother. then to th e brotllt·rs nn•I sl~ters of th!! lotcstate. or th<'lr
des('f'o<lanu. In eQUlll parts. It tht·rc are nunf' of tbc ahon• to take.
\ben tbe whole to the hu..,hand or wife or th t• lutestatc, an<l U lb~re be
Do husband or wife or uonc or the Curcrulluc lh·lu~. tbcn to the ue.1.\
of kin lu t"QUal llt·~r~~ In ('QUul parts. If th e re 1trc uo rwxt or k.lo
~ ~~.~e:.,i:i ti,1~~~-si~~-pt ~-1~!tp11'~b~~! '!'r~~~•~h1t't:i~t~ut~~
t
~ 11~1i:,m,: 1
eotltlc(I to ftll of the pcr:-sunnl est ,,tc
U Uut one l'hll<l she takts uo~
b&lf. U not more than four chiliir("n to a chlh.l's pn.rt . and IC more
'1.1.in fo u r to OD('-llrth. Po~thumou1t d11ldren 1.-llke a.a utb<"n;. llh-Kltlmatc chl'1lrt·n Inherit fro111 thrlr mother. The bush11n'1 upon the
death or tht' wtrc ts cntttlcd to hAU or hl'r p~~on11l cstatt· ah~olutcly,
anti tn t he tts<' of 11\ll of her r C"lll r~tatc for life. unll"!'~ he ha, lw,·n dl\·t>sted
!fa:,1~.:~~nri:g~V~;:~J t~Cr
f~~~r~~~ngr•raC('~~,~~~
SlrecuUom. ProPOr\7 n n to: IIC: 0a nal ....... •
Wblcb \be defeadaDC bu. le
IIUe or a ~ Ollllt\F ...... · ~
tbe parobale moDef. or lD wb ob be bu a Vlllled IDteresc. Iii poaallloa.
revenlon. or remainder, wbetber be bu 11M alln •taco. or la al:IUM
to IC In common With others. Zd: OD Nl-1
dant (eaoept \binp In action). wbetber • llu 1M ablolate Ulla U..
to, or tbe rtcbt olilf to tlle ~ D l b - ' for 1111 owa Ula. .._..,
or another. or a 1- period. ad: OD u eqal\f al ndempUoD la ett.Mr
land or penonal property, wbeo any I n ~ 1- tbaa \be .a.oio1e
Cltle II IOld. Tbe purcb&Nr 18 nltroraled to all the rtn• f/6 1M
defeDdant, and IUl>Jec\ to all bll dllabDltlea. Wrlt or Gerl ,.... II a
llen only wlUlln the couoty lD wblcb IC II reoelvecl bJ' \be . . . . . ta
landl &Dd penoaallty of dtifeodant lllt,JecC IO levy aad ..Se. ha . .
time only that the wrlt II reoelvecl by nob olloer and oonctaaa ..
lone u writ II recu1ar1, delivered to t11e aberltr wttboat cbe lapoe or ae
entire ierm. A statement or a Judcment certllled by \be dei1I at 1M
oourt may be llled ID the omce of the Jud19 of probate. _ . . . - the Judrment a lleD within \be couot, 111 wblcb It II llled tor ,-a
thereafter. Execution ma, be IISlled on eucb Jadrment al Ul7 ilma.
EHOUtloDI IUued by Justlcea are 11- OD lllle property or I.be U,ea,
dant, on whlcb they are levied, from tbe Ume of I.lie leV)'. All order
muat be obtained from the olroult ooun tor the ale of l&ilda '"1ed oe
under esecutlon from a Justice's court. No_, of ex-Cloa la elJ'CUII
court e:otcept by appeal. and 1uperaedeu hood wblcb dela,-a oollectloo
ac:'J:rt1ud~::1ts'.'8ai:l
rtous Interest paid may be recovered b&oll Wl\bla iwelve IIIODU.. aroompleted payment.
ludsmenu or courca or record are proved bf a Nl1Uled tna.cnp~
Judcment not a lien. but wbea a certllled -t.em•I Ulereot. 1n&<le :,,
tbe court of the clerk, II lllecl ID tbe olloe or Ille prabaie Jlld~e. 1,
becomea a lien on &II property or Ule deleadaal tllerela 1D u,., <"Ouur.
wblch 13 eubJeot to e:iecutlon for tell J'•ra. lo Aforoe •blob "•~~u\ ..a
may Issue at any time wttblD \baC period. lbecaCloD ~ocl\-.S : 1
sheriff durtnc Ure of dclendaDt may be levted aher bll d - a e • al~
uecuuon lsllued and levied If there llu ■ot beea lai-e of eaUN term
do as to destroy lien ortctnallY created. Above appllee IO ea-u,,u
from circuit and cbanoery courta. An ellecat.loa lllued bJ' a ,-u~
or the peace Is a lien only from time of lta IOV)', All acr--u ,.
conr- Judcment, or to autborlH another to ODDI- Judirm-t. u,A6e
belore tbe commencement or lb• RIC ID Wlllall nab Juclcm-u an
80 conftrmed are void.
Mechaolc1' Lien.
OoDtracton. tDcludlDir •booDV.c-t«a.
mech1nlca, material men, and laborer. have a lien OD bo...,. t>ulll
and the cround on which tbe, ll&Dd upoa oomplJ'tnc wtUI Ule Jaw.
Lien for Rent. The landlordl of any llol'e boua. dwellllar bo.or other buUdlnc, eh&ll have a llen oo Ibo sooda. furaUure aDc! ell'tt".a
b•lon1tln1t to tbo tenant, and sub-leD&DI for bla reDt. •blcb aa..11 11D
supcrtor to all otber liens. e:ioept \bole for tall-. alDo - cropo irroon rented preml- lor rent ol tbe curreDI J'e&r.
Llmlt.aUeo1, Notee and stated __,1lll'8. au F•n; open - c a ,
three >·cars ; sealed lnstrumenta, real actlou. and moUoaa acau.a
offlc.,rs. tco yean; Judirment.s. tweD\Y ,ean: actJom Oil Uae - · oae
year. Dar created by at.atuta can only be removed bJ' a pania,i ~r·
ment . made oo the contract before tbe bar II complet.e. or by - IUlooDdltluual promlae In wrttloc. U anyone eat.It.led to brlllc ac-u,-L
or make an entry on land, or defenae rounded OD UUe lo real ena1&.
be at the time 1ucb rtrht accrues. Within the~ or \weat:v~- Fe..-..
or Insane or lmpr180Ded on a criminal cba,ve for a term lea \h&a 1:1a.
be eball ban, three yrars, or tbe perlod allowed by law, for l>rtacUC
1ucb actloo, II tbe period allowed by law be•- than tb,- , . _ &rur
the termlontlon of euch disability to brine 1ucb autt, etc .. b\l\ ao acUva
cao be co111111coced after tweotf years. Statutee or llml\.aUon aprtr
to married women• separate est.ates. AC'tlom founded oD a •n•m•
lo •·rlttor not under seal, or lor l.relp&N to person or propeny. a,-,\
be brourbt within ,11 years. Statutea of llmltaUoD are made ap, L ·
cable to ~qui table as well &11 legal d•mandl. but do not run Do(a.l,_ di~
trusts. Aoy acreemeot orstlpulatlon to 1hercea lbe period preen'lt-.J
by law for the brlog1og ol any action II void. A~lona ~l<fDC met
oo the irrouod ol rraud wberc the 11.atute c,-led a bar. tbf' ca..- el
action beirtn, to run ul)on dl•oovery of tbe fraud by annevf'<2 pa.-tr.
No promise or acknowledcment 11 eafflctent to n,mo,·e the bar "" •
oult . esrept a p11rttal payment made upon lbe contraC'\ br th<' l'&"tY
eou~ht to be ehargcd belore the bar II complete. or an uucoDtltUoDAI
promise In wrttloii. llsoed bf tbe p&rty to M c:b&rir"'1 Uaereby.
Married Women. <See Huband Uld Wife.)
Morlsaseo are e•~eute<I and acknowledirecl In tbe to.ame mar.es< u
deeds. ~lny be !ort·closrd
blll ID equity, or If tber.- IX' a pr 0 , · ,. <I
Jlr
!°s1?~~t
~ri1~;o~)i~~~<1:~ ~r~dvo1cra:rn.~~r:dT~i~ ::-i;~J~h~~/'~~:~; ~~~
ootlee, unles.• rccor<led. Mortira~ o~rate u Doll,-.:, Crom d•T
~
dc1t,·crr to prohAtc Judice lor record. Tbere Is no n,...i Ur.if' w.,~..A
"·htcb they shall be tteorded. Homstead ttalty ~annot t,e .,, .. . ,.
rairc-<1 or otherwise allencd without the voluntary sliru.atuno anrl .,,.,,1
or wire. e,·t,tcnce<I hy acknow1t-<1c10en'- upon prtvate esarr.tcAt: a
oepnrate and apnrt from the hu•band, and oentn .. d. All mun,-,.rnu st l>e In wrttlur, at1mcd by tbe moncaror. Paym.,ot of r.,r, -t. r ~
p~;~~~. ~~p~C!~il~~~O~f
debt made t.>etore or a!tN maturtt:v or debi. reveete lo Ulf' mortt"{', r.
arc <ll:Hrlhutc.·d acC'nnflni to statute ot dlstrlbutlun and are extmpt
or bl• asst,ros, the tltlc to \be real or peraooal propent mor~.....-.1. If
trom pllymcot of debts.
made lo tbc ll!etlmc or the morc«acor: It made alter to deau1. ,., , i,
Dower. l'nt,,.. the wire hM ~ltoqut•hcd her rtllht ol dower In tbe
paym,nt revf'ata tllle to pen1onal properc,- la I.lie penoDal n-p,..,., 10•
91..ftnner provl,kll hy 11t11,t11t(" 11h(' ts . uvon tht· df'ath of th1.· hu~hand,
tlve. and title to reallty In the belra, d e ~ or lecatea or the, n, ,,r....,
eo\\tltJ to d o wer In all 1,uul~ of whkh tbc hU!'lontH1 W&~ ~t"ll('d In fee
ror. Chattel mortirarca muat be lo WT1tJac. \\'bea tbe mon~u,....~ u r1n1-: tbe! lnl\rrtal((' , or of wtJl rh an o th e r Wt\R seized to hi~ uac or to ' Is sue<l by the morti:ai:ee lor posaeMlon or \Ile m o n ~ pn.,;-. : tr.
bb 1c h be ~'? ' la p ,·r1<'C't eq11lq· , hn.\·lnR" paid &11 th t• fllJtC'ha"e tnonry ' be mny drlend by •howtnc payment of \be deb'- or psn PDT?l'UI a.al
l hie dowe r lott•rt"H l!'I onf'-hnlC Wh<"n tht hushl\JHI leaves DO
11 rr , 1",r
_, .~ ~ 1
H ' i •r~ • .
"";t', l\nd Oh('-1-hlrt.1 whrr1 th<' e~trit,• ,~ Jm11)l\'t•nt or the 1 • tender ur the balance. or may pay IC after Judirmea\.
,!
• • ~ ~1 llc1r"'n or th,.lr tle~('("n1lantJ1.
It thr wife ha.a at the
N~arotlable ln•trument11. MUii be P&J'llble ID mot>e, aad .,,_.
, •1lrHl a sc rmrA.t~ f's t~t"' t' (lllAI In v"lue to hrr do"-·cr
eontatn ao uocondlllon..i promlle to P&J' a eum crn..ln oa <l~m..a.a,,:l ot
'. ~ ~l~~lhve rlower. 1\111I If of'"' " \'lllUf' t, only f'Dtltit'd
at a l\1ed or tle\ermloal!le !uture time : muat be P&>·al>le to a • -· I :t4
•·r r-.itnt.e wlll tn&ke \he full va.Jut of thr. dower .
penon ,>r bearer; mny be In toetallmente and eo•taln pro,·ui., a ,:..,
f
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BANKING AND COMIMP.RCIAL LAWS-ALA St.A
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THE LAWS OF ALASKA
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t ra• .. ,t an I rlrnJ'u'f'rf,'loo la
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proc-u,1n.c elN \&\ul• of lMU\&W~QL ll • ,trfn,w -.:•loll &hJ h•1i )t'F .
l'"•,-n of a1t11,ury or ulhf'r ln.Mru•nf'a\8
Pe•N• ef At&•,..,.J.
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BANKING AND COMMERCIA L USAGES
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bl.I 0"'111,,, . (or an lnJuf)· \o ,~MIOD . or for w1nru1lr lnJur1or or •rvn••
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la lulJ f c:w-nt r>t""r ann•lm at-., al C"'-ti.at• an,1 C'hArtr• .
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ln an)' tuc:-..,q-.>rat..,.1 nr pt&\trJ cltJ'. h.i•o. or ,•ti:•~· or lo an( mine
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1·1.(" 4t·Uoa ot l,lf'UutM
=■ 0 roor or u,,. l••· an, La \1•011,,-d to 1h11
to ft'OOttr prr .. ,aal 5un~ny tu all uthrr lnetalH.'tW
Tas . . btt-oru~ dlf<t nD (ktotW"'r t,t.. an,1 d«-lhuJuf'nl on lbf' 1111 ut
Decrrnber c>C tht' r.-..,,,. fur wli:d1 thr)· •f"cr l,.\I• ,l. anJ thr la111h n,I\)'
~ ..,,IJ b7 C'f"f:.A.Jn pru1 ..--ll•Ct ln lhr .,,dh.\tl" ,._, .H\ C'u'r,:t1ro,~! ID
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\h,nti.·!J.•Allt!N ffl.lJ' lf"Vr • IA\ nnt to f'l('ol"r.._ Otlf' balr ol
&Jn('l'.Jfll.
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I&& ·MpUoo of lb«" ,,ruprny \hr 1..t&~f' an,t amount of a..,...tnn1l,
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tu~ J.ate uf lhC" Ml,. Lt ,.1,·1.an,,....a Mt' for a Jrr,I from thf' prol.,.te
l.an•h •111,I for t.alf'ria
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•1thln two )'rare l.1)' th<" uwnrr. mnrl-.71\ill"'C'. or Ah)'
~ f \ tl.A\\ac a t.,,nrf\ < tlll \nt, . ral Uwrdn !J)• Jq>o1'iillt11( wltb tbe
: ; 0,.~~t"hJudC'r uf t?:f" C',i lHlJ' tn •hlc-b tt,r 1•1111• wrrr aol,I. thf' amnu11\
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an,1 lbe r•nulnr~ ul hJ.a ■ ICH,a\ur-e u,utt tJII' C'llfnlt\ed by 1br d-1rll
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el('llf'I-J\ 1hat •n a •!•Y ' 'H .. ll&t"r or ,1,... 1..1\nr . a truatl"'C" or •D e&pr~ tn.111-,
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rl."tl:1~ tlt"hl .tur l\liol u\,· l1111t !111111 JlialutUT tu d,·tr-1, .l.'\llt . tt!lll that the
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a1,d nlt,1. ·t ht' mo1t~:u,:e n111"t be ackuo'4lt'(1~el1 l.iy the 1:1ort~nitur
a.■ a C'oll\'t')"I\U1.'(" ut rn"I l1r111i('r\)' 11 a111I tic H l eJ In th~ otlh.·e or 1.be
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&U(1 llrn! upon rrll1 propert)', l.Jut a daute ma1-· l>f' lnst"rted In a mortr•ll•
authu1lz1ai.r t11r marahal to exe-cuc.e tlie power of 1&le tbt-rela. craott'd
lO \he mortr•~c-e.
Oomo,r:t1e <'orporat1ona. Threre or m,:,rp adult rer•
Curporatton•.
nllf' rf'!l"1rnt1 or th~ dlatr!ct, may rurm a c0rl'urattcn for
ltlD ■. \.otu,
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BANKING AND COMM-ERCtAL LAWS-ALASKA
13H
1ramway1, atrect railway■, Wa&'On roads, Dumes, and telegraph and
lelcphone line■ In Aluka ; to acquire, hold, and opcrat~ mines In
Alalka; to . .rry on the l1sbl111t Industry In Alaska and the waters
:i~tt~~~.!'l~t~~~~~a~~~~ini;pr:~tl~~:.~'!vgf~:!~ e~~~!~~:
warehouses, and hotels In Alaaka ; and to carry on trade, transporta\lon, agriculture, lumbcrlnf Bnd manuracturlng In Ala.ska.
:~!3
~':,":!1f::•.o1 ;~~~t~:. ~~ ~In;::O~r ~';:.ft~~~
before dolnir business within the district, Ille fn the offl.ce or the
oria0
■hall,
■ ccre tary
or the dlstrlct and ln the office or the clerk or the dlatrlC\
court for the division wherein It Intends to carry on buslneas a duly
authe nticated copy or lta cllarte.- or artlules, or Incorporation, and also
a atatement vertned by the <>ath of Its prealdent and secretary and
atteated by a maJorlty or ltl board or directors. Thereafter such
■ tatement must alao be 10 Died within thirty days after July llrllt or
eaoh year.
Deed1. A oonvoyance of lands, or of any estate or Interest therein,
may be made by deed, ■ llflled and aealed by the person from whom
Ille est.ate or Interest Is Intended to pass, and acknowled ged or proved,
and ~rded, w1tllou~ 4117 other ac, o~ ccre,mooy. A. QUIJ,-claim dee<l
pa.ile9 all the estate 'Whlc:ll th~lt'fa.utor could convey by deed of bargain
and a.ale. No covena.nt-s are lmpltcd In any conveyance. The term
"belra," or othe r words or lnherlt.ance, are not necessary to create or
convey ao estate In ree simple. Husband and wife may, by their
joint deed, convey the real estate of the wt.re. In Uke maanv ae 1hc
mllr~l d~b. he( separate dee<1 U she ,..,,.._ unmarrlod. A InArrlcd
-AD r
I.Ilg In t.lle dllltrlC\, Jolnlnir ber h111ban<1 Ill a deed, m~
aQlmowl . ire th&~ sho executed such deed freely and volun~ .
W-n a manie<1 woman not ret1ldln1r In the dlatrlc, Joins her hu•band
la OOA>veyln& roal estate situate In the district~ the conveyan.oe bll,8 t he
~~e
a~k:g;:v
1 ~~:
dlatrlct deeda must be executed In t.llo prcseaoe ot two wltnellSCJI. who
■lla.U subscribe their uames aa such, and the pcrsou exceutlnir a deed
lM¥ ackoowledge t.be &Xl!cutlon l>etore. a Judie, clerk or tho d.lstrlc.t
oourt, notary public, or commissioner wfthln the dlstrlct, and tho
officer takln~ the aoknowledirm eut must lndomc thereon a oenlllcate
of' aclwomedc,ncnt and tile true date or maklni: the same under hls
=~•;,o\~r ;:~ ~! :~;h;,.
;~f!°:i~~r w;~ f
ll&nd .
.,...,.uton1.
Tllo testimony or a wltnee ■, In the dlatr\ct, may
be talcell by dopaslt4oll . I• an a c tion, at aoy time artor the service or
r°~::' at~u~~n;:'c, ~:'~J'.~~~~':~. f.~h1: :iuf.!.~!
~r,.
~~~~nm~~l[g:9';:.':,•hJ.fd ~ r\:fi~/:!.J'~l;l ;,i!;,ot1:J
ina1.; a, t'.ho wt,n... 11,,.bout t o tro mon, than one hundred mtles boyond
0
~ : '1
\he place or trial ; 4, the wltne.., l1 too lnllr m to atitend the w-lal; or. ~.
the te■ tlmony ls required UJlOU a motion, or In. any other cue whe re
tlwl om\ exam ination or tho witn ess lo not required..
T he testimony or, a wi t ness, out or the dis trict. may be taken by
tg,,~~~r:i~
='.~~DU!~ycl~~~~~l~e~r ~ tnoo°~r tt~yi~n~ti~a
on aouz:t. to a person aiirced upon by t b o parties, or, U they d o 11ot
acre,e, to a Judire, Justice o1 tho OMce, notary public. or clerk ot a
ao~ ldect"od by tho omcer lssuln,ii the comm ission.
Tbe amoun.t ot the commissioner s tees ahould be Indorsc,<1 upon tho
<foposltlon .
Deoeent &od Dlotrl-uJJoo. The r I property or an lnteltate
duceods as rollow1 ; 1. I n equal sha r
to his or bcr ch Udr&i and
:f t ~!~e~1111°~b~yot~~:::i,ecB~~b!t r~~:\1~.
~'Th'l:';;'rta~llcie!~
Ill• or h er oth er lineal d escendants; and It &II such desoondanta
10
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~
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t~~l~ea~
~
'ti~n~a~~\:v1~ ~o"'°!•~ 6 n~~ tu~~~r :,o~!°or~e~•n,.1LJ:!t"nt
U lnwatatc leavo no lineal d eacenda nta. uell.her hu1baJ:ld nor wUe,
n r fa.I.her. suob re&I proµorty descends In eq ual shares to blll brotholli
a11<1 sister■ , a nd to the Iss ue or auy ,leccased brol.her or slater by
ricbt ol representa tion ; but 1r lnt<'• ta t e leave a ruothet, •ho take•
an oql&Al abare wi t h Buch l>rothecs a.u.'1 slatcro. 4. rr lot08ta te leave no
IIDeal deacendant.ll\ neither husband nor wlte, n or fatb oc, brot.h cr,
':1~:.
ff it~1i':,~~~~
:f\~1:~,::,u~~ ~i°~~~~gor,tro ti~,~Wl~~ ~1~~1:...~ otteYr tfn~t!:.,°1~~! '
cal desocn<.l,wts, neither husb&Dd nor wlro, nor father, moLiler,
no
J'::r:e~C:~ ~:,)'~IC r~ t P~t~~ ~o~:"~~•~!ot':ir\\~o~c•~l~tc~~
~~~~;'~h1.:' c~~~;; 1 tg:~~~"i, ~~! ~~~~~ga~~~~~h a~~!Ii~: t ~r~3 ~ f 7f
lbtes·t ate leave one o r more chUdren. 110d the l!suc or one or more
~ ~1tl.o~~l~:~1°n 1r 8
=~~l;~~f ;:~~dr~
'!,'!~!
Ill s uch d eccAsed ch ild hy ln h ,•r1 tan ce lrom such Intesta te dMCends
tn
ual N IH~ to t he othrr chlldre n of s uch lntestate on d t.o the l
o
of a ny o er cbllrlren who bnve died , by l11tb t or rcpreeentatlo n . But
U all the 0Ll1er chlhlren or Intes ta te b e <lead, 11 nd nny of them have
left: ll!urue. suc-h TP!\l property :!IO tnh c- rlt NI by such de<N-hlllod cb lld
dee nds t-o all th e lesue of ouch other oh!ldron or the lul<'<!tllte In
equ I sh a rt'"i, H tbl")' &r<" In th" ~ rn t- dcl! ree or l~ lnd red to euch d<"~ c1
obtld: othorwlt:t(', thPy t11k~ hy r t~•h t or T<" J) re9("D tnt1oo. 7. Ir In t " ►
IGa v e no 11n ... ·l1 dr!SC'f!Odllnts o r k:ludred, suob r eal pro perty escbeate
Ill tile Unit
Stat.cB.
D&•·er
Curte~y. T he ,vhlo\9 ot every dece.,..cd oerson ts
en11 tled to d o,•rr . or the use durlnir Iler na tural 111e o! one- hlrd pa
Lll•vat,,e or all the laoda whereof h~r hu•hand died •elzod o! au ootato
et lnherltauco.
W hen an y man &nd hi• wlrr are 8017.e<I lo her rtcht o l any ~•tale of
lnllm1tance In hnlls, the hushand, on the <leatb or hi, wlru. hol<.l• the
~
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10
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l au ,l s ro r h li,; 11r,• FLH tcu·1nt therf"!of h,· tht• curtPs~·. a.l t houKb such
b tut b& od l\.lld wllc mai· uot. have h4d lsRu.c born alh·e...
E v ld en <"'f", No t>t"~n mtty he e•c-lu<kd i\S a W1tnt"MI o tt('"("ount ot
belnit a r,a ny or lutr-rr-sted In thee-, ""Dt of ttn action or roct.:t"dlngw,
h.&v'o g bcC"D convlr-tr<l ot :1 c-rlmC", nr hi"' np'11tnn111 on mnttr- o f r e1!1,.,rto a1
b,llct . l 'C"~ on, or nn~ouncl mind and chlldrrn under tf"a rri\rs ot 11.fe
~•~o :.ri k;n \ ~~~~q~~~•~;'~,::;~~~-1~;
~~'f~~;:~rr~~--~I~~~ o:~1~ t~l~\rt·;g;c~;
w :t::w"'~t•-J . ,\n t\ltnrn,·y niu~· not. w t1hout hi~ cllrnt's con'iC"Dt. be
ex arnl ue t! as to C"nmm11u!C-l\tlnn111 111arlr h:; 1111 rltt"nt t o him or hi~ nd v1ce
\br-reon .
,\ prlt..,t :nay not, 1"'lthout the C'o11<11rnt of th<- pc~on mn.klng
\h ,. r0n r~ , 1on, he t:t.nrnlnrri a, t ,> any r•rn(i---.1(nn fflR•le t u him I n hi s
profeQ<11lnual rnnncltY, tn th, <'<JUf"'IIC o( d, .. rtpllt1r- enJnlntd b )~ t he c h u r ch
lo ,•tdrh he lirlo111'.',.
A p~Y 111 r'•itJ or !l,1rcr·on muy uot. ft t::'tt ln~t the
Oh J,-l"" tl •l TI o f M"' p;,tl••nt. hr f"l'11mlnr<1, In I\ civil nrq,>n, o r p rnC' r rctt ng,
u t o l nforf""I 1
'"I •te·,111ln•rt 1n nttC"n,tlnc the patient whi ch was n ecc1ary t o "" ""•
, to fHP!'ICrlh" or 8M.
~ et ·utlu
'MA. l11dw:1ncnt a..o<.1 r.xrcutlon.)
'
l ~x .. 1 '
nl nt .. tr11tor111. V.'htn" wlll II r,Tov.r n lnt~n
t.«l
t , tllr vi Mon" tJu•rrln nn.11u·tl ,, s e ecutorA.
or
n"t tcr of tt1l'lr nt·c«·pt1u1c-«• or t b r ru-.1 and
&r
1t1on I
~lii&Jllf"d lU fo lio ,\ .
1. To t.h e
h,, :J1 , ln t.h o di:.crotl1 u n ( th e <·011rt , 2 , to o ne
or
rt•lll tors.; or . J, w G. II Y ulll er P Cl°"'I IIJJ OOllll)e l OUt
a
o.,u i L 1lla y 5('\f"r t .
Ir d ec c.a si.:U w er e I! m a r r i ed
1
IJU
RA!IIKIN<. A!IIO C'OMM~RCIAL LAW~ · ARllONA
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SYNOPSISfOt
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THE LAWS OF ARIZONA
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hANh:ING AND COMIH. kCIAL USAGl!.S
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ll,:uoval Mic. or o\llcr
Digitized by
(ii,Q81u.o&
oJ " '" " '
oogle
•
1316
BANKING AND COMMERCIAL LAWS-ARIZONA
- - -- - - - - -- - - --- - - ---- - - - - -
l)l'Operty wltbout ooment of mongasee entltlee moncaaee to lmmo<ll&&e poaealoa or It. uad nail removal. \ralllder, or aale. or 1ubNQuen1
-mbranoe la feloDF. U mortaacee permit■ mol1ppd propeny to
IN removed to uotber oouaty, lie ehall wlWD ou moatli record bJa
-rtcace ID nob otber oounty. Cllattel moncare may be fore411-' ID Julloe ooan If amo11Dt or debt doee not uoeed HOO: otber
WIN la dfalrlOI ooun. Mo,_.., may obt&ID ~ o n of propeny
- delaal\ ud Nil &ti. Do\loe wblcb muet be Hn'ed OD OWIIOl . Upoa
IIIOCk ot aooda. warm, and mercllandlae wltb oonttnued poat.alOD ID
-nraror, •TOid. U oopy II II.led wltb reoorder, ortrtDal muet ~
aouowledred. uad oopy oentaed to by oouaq reoorder.
OaiM .... DellTerJ', (See RepleTtn.)
O.Uac..... No natuto1T provlllo-mmon law prevalll.
O.mmuntu Prepeny. <See Ooiw97uoee.l
O.ndklellUll llal- W1tere Wle remalnl In vendor uatU parobue
•rtoe II paid. void .. to pel'IIODI DOt P&nlel tboreto. &Dd pel'IIODI
wltlloat noUoe, uni- lllblortbed, acbowledred, ud II.led wltll
....,,.,_nts,
O.nuaota.
<See BUii and Notee.>
One or more obUcon on •
Jolat or Joint and eeveral IDIUUment may be releued without releuln1
~~ =-:.i.m:tt!:.n~a~.::'J;::!:,.00:::: 1::i-..with•
O.nveyanc,ee,
or~
~
Couveyancee or estate ID landl tor term more tllall
=!rd~r,.1!8:=~1t1b=t:i:u. ~~,
='~~:r~ ~~~•\.:'r:!~t'; ':b1!°n,na~3 &u~=.~
=~:,.~~~
"l'':n':::~
f::l'.:!~gt~~~v~~Si;'::.eati'°c ::::!tt~~~~Je~=-o~!
fee uni- excaly limited to a lees eetate. All deed1 muet b e =
~t::i:_1:9be
~e
:~::i~~'i:'ro~1n::e'!'moor
aathortzed to take acnowledcment, ud properly certll1ed by him
IO entitle eame to rerlltratlon. The uae or the word "rrant" or
-..,u,·ey" lmpllea the followlnr oovenantl and none other: 1. Tbat
pn,V\oue to the time or the execution or the oonveyance the 1T1Dtor
IIU not oonveyed the eame eetate, or any right, title or lntere■t therein.
:.:~~'!:~![i!!4!r t!':~~eiraioe
Tni:u':it..:~!:.~
Man1ed women eeventeen r,.ean or are and
may oonve[ Ulelr
~.!'t?"D~=~u:1~~11~:SJ&e~b~~ n!1--:~•- (See Ac llOWIC.rpentlen C.mmlulon, orpnJaed und• Chapter 90, l'lm
a-loo. Lawe 191:1. II111 sea••• aupervtalon of corporatloos.
~watlen, In O.neral. Two or more penom maJ' beoome
=~~•a~ ~:.!.'t~Z:o~ =~~~b~U:~~ot ~r~~U:nn;;
ar the terrttory, mu■ t adept articles or lnoorporatlon which ■ hall ba
alped and ecknowledred bJ' them, and be reoorded In the omoe or the
eounty reoorder or the oounty where the prtnclpal place or bu■IDOII II
IO be and a <Stlfted oopy In the offlc-e or t.be Corporation ComrnlMlon.
Tbe anlclel or Incorporation mu•t contain: 1. The name or corpoftlon, and It& principal place or transactln,i bualnflll. :I. The genoral
aature oJ tho buelness propo■ ed to be tranaacted. a, The amount or
•Pltal etocl< authorized aad the time■ when and oondltloDI upon
Wllleb It la to be paid ID. ,. The time or the oommenoement and
cermlnatlon of the oorporatlon. Ii. By what omcen or penone the
~ei:'Jg~~D
t;?h~~i'!!i~otn,,~ ~~•.~~'::t!stn:.~
liability to which the oorporatlon Is at any time to ■ ubJect ltaell,wblcb
mu■ t not exceed two-thirds or 11.9 capital ■ tock.
7. Whether prtvate
property 11 to be exempt from oorporat~ debt ■ . Unlea so exempted
lllockhuldera are liable for the dehtl of the corporation ID the proponlou which their 1tocl< beara to the whole capital 1tock. lluet
lie puhlllbed for alx day ■ In some new1paper In the oounty wbere
&be principal buslnc11 II locat,,d , Proof of publication must be ftled
with the l'or1>0ratlon f'ommls.'Cfon . Corporations i.o endure for
&went)·•tlve years. CorJ>ol"&tiou must ntn In office or Corporation Con\•
mi,..iun an appolntmcn, of agent who I• • bona nde n,sideut or tbla
ten1t.ory for three years prior t,h61'oto, on whom all ootkffl and proceM,
tnclu<lln,t p,.(Jmmons. may be ser,·ed and consUtutea J>ent0nat sen1ce.
Ob&r~""S for iocorporatton : Rocorder's r~. io cents rolln. Keconler'1
,._, crrll0"'1 copy, 20 cent• folio . Recordor'1 r"°' cen.lncate to copy,
76 c-enta . Corporatluo Commh,slon·• f~'OS. filing CO<I\ copy, SIO.
PrlnteN' f""" per Inch, puhll•hlog artlcleR sis d&.YM, KO ceota. CorporaMon C<>mml!l&loo·a feeo. ftllng proof, publl•hh•K s.1 .00. Corporation
OommJ...ion'a fees, Ollng appointment or agent, S,1.00. Where charter
i,ro'ridee useB11meota may be levied on Mh&rel to par ,·alue (1907).
Corporatlena, Forelp, Defore It can transact bu11n- II muet
Ce cen.llled oopi, or Article■ with Corporation Commlsaloo ud
eounty recorder In oount, or prtoclpal plaoe of bualneu, allo all
=.",.o':::te~r •rent upon wlaom • ■e"lce pel'IIOn&I to the corporatloll
.::.~\'!
,fC::!
'?..:e' f~
:ro
t::t:.~:
r
c.r,.orauen1, lneuranoe. Mai, be orpntxed under pro'rial•
•-llarly applicable te laluraace oompanlee.
Corporat1on11 Ka.II,....,
Are orplllsed uader a 1tet11te eepe•auir proTldlDC ror them.
CwperaUene. Sa Tlnp an• Loan. <See Dana and Banldns.l
()erporatlon Stock, Trander of. Tranater of etocl< nail not be
Talld, except u between tile par\le■ thereto, Wltll the aame la ,ecularti,
U'9red U()OD tile book■ of tbe oompaDJ', 10 u to ■bow tlle nam• or the
non by whom aocl to whom the transfer la made ; tbe oumberortbelr
wtgnatlon or the 11:&aree, and the date or the traneter.
O.,t,. Plalntllfa who are non-reeldent■• or tbo■e who OWII no
•roperty upon wblcb e>.ecutlon may be levied, are required to rtve
=i~~',!c1,~~~~D to~::. ~~r:re~':~ar~'I·~u~t,'!:: boncll ror, muet
Court•. Are the Supreme f'ourt orthe State, the U . R. dt•trlct cow-&
for the l>lstrlct or Arizona; one •upertor court for each County, JuatlcM of the 1>eace, rocordn,, or clllM. The •uperlor court or the several
oonntl"" lo " court of general Jurto,lfclloo, both ch·II and crtmlnal. It
11 •• t,,,._b orl!l1nal and appellate Jurl!ldlc llon . Jt,o orlidnal Jurisdiction
extend• to n.11 civil cueo •here the amount Involved exceed• •~oo
exclUlllve of lol.enllt, &nJ In all ca.-10,·olvlnlJ the Lille to or P""""""loo
ot real ,.tate. Ju.,tlce courta h1He gonoral Jurl"'11clloo when amounl
In evulruveny doe■ not esc-ood $JOO, except when title to .-1 e■ ta1e
l1 I DTolved. (Ree Jurlltdlctlon.)
Oredltera' B1111, No atatutory provllloaa.
D•J'e of Grace. None.
D•Po•lllon•. Dep01ltlon1 may be taken on comml"51oo or hy
e\1pu1&\lon ~fore any offloer a,uhortzed to take ackoowle<lrmenta of
deed ■ • Tbe onlccr ■ hl\11 ccrtllJ' th"\ the ao1we1"11 of tbe wltnC81 were
•c•ed and ■ worn to bt'tore lllm. and ab11II ■cal thtim up In an eow•lope
r.
tnr--tb"r wttb tb~ commtaalon and tnu-rroirato rtn and cro~it-lnttrruira:
?" •· ~f an7, and lhl\ll •r1te •1.1 name acrou tbe 1eal and ln dorse on
•
., ,,~~: the namm or ,_e Part.lea to tbe 1uU, and of the wltnCS11es,
..~hr. Dack.ace to t11e clf'rk of the oouri or Ju.slice or the
.,.. 11 or ~&J'hhe.d Deyc:tuou may be returnc<l to the oourt
, lado,.e""e"r:.i, \ia,~':t hJ' mall, \he po■ tmuter or bl1
- r-••ett \hem from tbe bane!, or
\
Ule ollloer before whom they wore taken. Tbe depoaltlon of a pen,
to action may be taken and bJa 1tatement1 may be oontzoTened.
o . - n , and Dl1trtltuUen, <See Savtna Ballkll.l Tbe la• ..
aommuntti, prnpeny prevalll. Tbe eeparate - t o or an . .._.._
when be or lbe-llllall die leavlnr 1umvtn1 no bub&nd or ...........
d - d u provtclad. W1len u luteetate lane nnh1JtC a wSfa •
bub&nd anotller metbod II provided. Olllldren or &be bl...._
brothere, alltora. uaolel uad aunt■• take per oaplta. AD pn>,..._
beloDIIAI to the aommullltJ' eeta\e or tile llueband ud ware lllaU •
la the 111mvor, tr Ule d-..ed 1p0ue have no cbUd or c:blldna; •
the d-..ed have a cbUd or cbUdren. b.la or ber eurvl~ •sio- wlll
take one-bait. ud Ule o\ller halt 1N1 to lllcb cblld or claDdre11. Tbe
oommunlty property al••J'8 peas allarncl with the debt■ •car■•
It. Intennan'lare between 111&11 uad -man to wllom a clalld er
0
th: ~ ~ 0
from the mother and tranemlt eetatee u It lerttlmate. The natu\4
f.tg~~l the adoption or llelre. <See Dower, Buaband ud Will.
:!:Hf:~ ::8i:::a 'i:ca~ta':"ai:a'Jn~r'cC33,!'[
~=
Do••· Dower 18 abollabed.
B•l4enoe, Tbe oommon law rulee have not been oodUled. Pana.
may be uamlDed and t.be other side not conaluded UMlreby. Slaluta
or other 1tatee uad tenttorlee Pl&l'POrtlDC to be p_rtnted Wider a11t.llorftJ'
may _ba read. No one II lnaompetent to teeWJ' beaaue or rdldoa
belief. OerUfted ooplel or all reoorda Ill tarrtto1T ma, be read.
!led ooplee or - r d a or all notart• may be rwa4. Coui may enlar
llllpeeUon or oopy or dooumente.
EucuU.n1. Upoo a Judlment ol aupaior COUft. es-t.t.- _ ,
be lllued to &DF OOUDtJ'. Lien or date■ from levy. Uld tr OD re.al~
enJ', the deecrtptloa II endoraed on execution and II.led Wl\.b ~
recorder. A ranse levy may be made upon allot etock uad• a oer&ata
brand ID eame m&DDer u upon real eetate. <Soe Jl&dcmen\, 1-,J
Prooeed1Dp eupplemeutal to executton-wben relUrned ~~
creditor II entitled to an order reql11r1nl debtor to aan,er ODDOttmll
bll property, but not elaewbere than In tile oounty or bla r-endThird pantee may, upon allldavlt. be required to nrrender i,ropen:r.
Oo11rt or Judre may order nl\ broucht la determine I.be dealal II
ownlnl or or havlns properti,.
Bsem•Uona. Every bead or a famUy II enU\led to homestead ~xoeedlDC U,1100 ID value ID one oompact body, upon 11.l!Jlc &111dav11
a.llD&tlnc ■uob homestead ID the ollloe or the oounty reoonter ol la.
oounty In which the land II. ud every tamUy UOO wonb or ~
property. The head or tamlly allowed ono-halt eanatna du.rtn1 Ul1nF
daJ'I next before eemoe or 1amllbment on proof eame la n _ , . , . lat
111ppon or tamlly. 11107.l omoer le't'J"IDI writ of att.acbmell\ •
1::Ud':~.nl:.,~.1ebtor to aelect exempted pereonal pn,~.
c.r.
rrau. . and rrau•ulent <lon"71'ncee. Acreem4!11• must be 1a
wrltlnc uad llllned by tbe panics la be charred : 1. BF an execuw
or admlnlllrator la amwer for the debt or bll teetator or ba-ta\e or 1111 oWD eetate. z. B'l. • penoa to anewer tor the debl. d~all •
mlloln1&19 or uother.
. To cbarwe uy Pll'IIOD upon an a c r made upon oollllderatlon or man1&19. ,. For l&le or real - - •
leue thereof ror a term !oncer than one year. I. Tlloee wb.Sa 111
1101 to be Detfonoed within t11e ·epac,e or one,,_...,_ &be ~
thereof. £very lift. ooaveyuaoe, or ~ t . or van■rer •
cbarp upon &DJ' estate. real or pel'IIODal: UlJ' nll oommeaciiid •
d - . Judcmeni, or exeoutloDI 111trered or obt&!Ded, or _,. .._,.
or other writing rtven with IDIAlllt to dolaJ', binder, or deballd Cftdbore, pnrabuen or other penone, nail la Nob POl'IOD8 ba Told, .&JI
barpln■• lale■, &Dd other OODVeJ'- or IUldl, tenemell&e. and . . . .
dltamente, deed■ or Nttlement or man1&19, deed■ or tna■t. &11d raree, are void u to credlton and 111bNQuent purcb&Nn, wt\Mal
notice, UDIOII property recorded. The creditor muet be a Jlllllsma&
creditor, and notice muet be prior to date or JDdc!!lcnt lleD. A faq.
moot creditor may be an Innocent purcbaler. Every ctr\. oou•ci,anoe, 1a<1lrument, tran1rer or charp made by a debtor wbleb 18 upon 00n1lderatlon deemed valuable ID law •ball be void aa to p:-.or
cn'<lilors, If debtor bad not then other property In t.he St.ate su!l!clout t,o pay all bis lodebtedn-. Not on that MX'OWI~ bo~er
void u to 1ublequent credlton. No rtt\ of &DF l()Od1 and claattelli
1ball be valid unle11 duly acknowledrecl, or proven &Dd recon!NS o,
by wW, or uolCM actual pouesalon 1ball have oome to and remau...s
with the donor or some one cla1mlDC under him. Frauclultnt tniu.,
II a question ortact and not of law, Conveyaaoelhall no\ be, •4ludcM
fraudulent merely ~e&IIIO not ror valuable oonalderatlou. lf &al'
penon ■ ball do or transact bualnC91 &I a merch&Dt or trader, 1f1tb Ula
addition of the worcll arent. tactor, oompani,, or a, Co., or •on!■ ol
like ■ll!'nlllcance or lmpon. and 1baU tall to dlacloee the name ot u.
pr\ncl1>11l. or partner, or other peraoo who may be IDtereetccl 111 .,,.c&
bu1loca.s bJ' a Bll!'n In letten C&IJ' to read, placed coneplcuoual}" al Ula
place where such bu1lnea II transacted, or tr 1111 penon •ball tl'alllMII
bu1loea ID bl• own name, without any •uch addition, all Ule prope~.
1tock, money aocl cbo1c■ lo action Uled or acquired In web b except such property u may be exempt from exCClltloll. ah&U.. M 11
\be crcdltora of any IUCb pcl"!IOD, be ll&ble for bll clebtl, and be. In all
~t.~~~·tlot~er~~df~ucN;0 ~~fv1~'!s':'4JJg.n&-n~tt.g:r~e. I Crta, ~
Garnl1bment. Writ may Lllue: l. Where writ or attacti,.,.,..
bu Issued. Z. Upon amdavlt thl\t the debt I• Ju•I due, aoll u::. ,,a14.
and tb"t defendant bu no\, within afflant'1 knowledge. pro~~ 111
bis po,.rsslon 1uuJect to execution ■ufflcleot to aatlllfy 1ucb llebt. ~
that the writ la not oued out to lnJure eltber tbe dekndant or n n , i . a. Upon ludirrocnt, when afflaot makea affidavit that the dC'!en.an
bas no t , within his koowledirc, proEny In bll po..,=lon W1th\JI ~
T,•mtory 1ufflckot i.o aatlft!y aalcl ud.,ment, Proettdlnc■ unJer 11<: ►
division Z requires a bond In dou le the amount of the drt,1. roe~
tlooed that plaintiff will pro5"cute the ■ ult to cfftt't, and p~al
damarea aocl cost" thl\t may be adjudlrt'd aralnst him for wro
,~
■ulnl!' out the irarnlsbment.
The prooecdlnp are do<'I<<'~ a.nll "~
meot rendered u It In an Independent prooeedlnc. (See Attac-b:::icnu
Holiday■•
Lep.J holidays are Janua17 l, February u, •·<'b"8fT
22, July 4, October 12, Thaokllldvllll!, MaJ' 30, DIN'mh.,.. :i~. Ar!«
day, ovrry Sunday and general stat.oelecUoo dai,, or an)· •t>EdaJ <' '. ""t!.llll
day that mn.y be callo<l by the governor, end any dai, appo!n:«-1 bf
tho president or governor. Any ()rDml<SOry note. b<Lnll chork tJO at
exchaotce, a.c-,•epta.nco, or other n8'totJable lnstrumo.nc.. made P&J-a,.tie
•t any future \'crlo<l, which falls duo on any or tht'M' d&Tl' m.-r.•a~
shall be consl, ero<l due "nd collect•bl• on the day followtnc · ·a.::.l! ff
January 1, February 12, February 22, July 4 Octol,er 12 ~~ SA.
or :-.1 .. y 30 shall fall uroo i-undaJ', then the Monday to1io111~1t ..i.a!J 1,■
~~~~fo~: p~o/.i"fifu 0~ 0 ~·ba ~'!cs
att.a.:l.ae&la,
Deed to, muet ba llped by 11-■b&llcl and war., ca■•
~~;!:i°'::.;_
E::::i~r;~t••
Hu•baod and ware. All propenJ' bot.II real and p e ~ el
the bualuwd or wtre, owned or clalmed bJ' lllm or her t,,.f-,~ ..,.
r1al!'e, and that acquired afterward by llfl.-de'riae, or de•cezu.. • . \he lncreaoe, rent■, wuea, and profttl cit \be • - lllall be b• er •
1< para te property. The eamllll and &Olllllllulat;tou of &be wtte &M •
minor children In her cu1todJ' whlla 11M llu U't'ed or ID&J' UT1, ~
and apari from b~r bus hand, shall allo be tile ■eparete pro~ :-\J' ct -■
wife. All property acquired by ettll• hlll~d or WUe c:;,r1, 1 -■
marrtace, except that which 11 acqut
!IF cUI, ~ or d ~ • L •
Digitized by
008 e
111,
BANI\ING ANO COMMERCIAL LAWS-ARIZONA
.-r.--.
. . , . aa1be
LlabUll1 ., dra_, • laclo- el bQI •
...
Ibo.I b1 ,wu:., I>'"'-' &ho.I Doll«-. P\e . ......,rclllla le Ulle - m of 111<-ttbUlte. · ~ IIUY aacl ,,,,_,
Th• •11r,.rinr t"l'"'JtJl'1a ol ..,..h r-ountJ .,.. ftJIUl'ta ol ,_.OINL
■ ~nl•.
Mrur-o:t ..,, ttu• w1f,. an1! ttH minor f"'hn,1rrn •hll• •ff ha• II...., ,w ma•
ll•• N'll.4ralr U)1l ap,u\ h.un hf'r hu.ar,.1.:,J.. •h•II ,.., 11Hn1r1J th• cor:1mua
1r~i~r ~ ·~:
·~~= : ~~),•~,~~:~,
17,~r, ~~~~':;~• ;::~~\~?~~~,. :~~~
!i~~~'~!~J::rr:ll~r~,::~•; ~-:~
:~.~llltl~•--":r,\~r
::,::~/~~~l ~•:!~ltAt,~n~~::
~~~•~t~,t ~1~~' i~~n l~'J"' ~~~•~fU~e
=I~~~_.
....,._,
..:,~!~~~.....
1~
h ~~nl,!o•~•~ .-r~Q
The r,.,,t',t•·• o!'!\,f'! ID e.- ·U ("'l,1u,t7 f'l"J.••·.- W U!IM ul re..! -Lat.e
&IHI ,,n.t .. 1 .a, tff,,r-d ..... t,•;1:)illll)\ lt.ffT"IQ ..
a.n•1 p,llf'" .. . ,.a.I
8\uca lk.-.rd.,.. uoUc• el
i ·t.,,. m.Jn1i:fW ot tt1P ~•nltary
D-•U··•
1 a..u ,..,.a.n<Sa •nd U\All.• ol Uw• ., . .. •. . . . mptton•. Prom ell~rtff ef fe,llftal Mia. •• fflot1II••• ~
• ••!,tc.,r• or •w«~..,,. fn l!l\.<f'tret; u , ltro bol•1~ mar l'N•m •IU1ta
l,t,,rN tl,11: th• \t,tlnlttl"r Lr M"rY1hC' an,1 r.,:n, e\al,llol.HJ o,·U~ t,,
Tbe • m • rule
-l••·• aJ'\#r ~n,1 of ...,1,1111 u..ontba
..,r,tr,r 0,,,11,..10
a._;q ,;; ..-. t " f o1: ~d"••H• ..,J mufLC6'M &a.l U\i.ll ~ - ~ t..J ~
et un11rr P.••en vi a.ala.
vr· ,.....,-,,,
,•~i
:!.:111l!.,~~~.~.111,~i'Y -~: ~l~~'/;:'1 ~.11~~'1'1~~
lo ,,.r, !r-r Ju 1smrn\ lo(' •..-l-,u,1. At,4
• t 1 1 rh
l r •. lrr C'W'tt•l•
wh.-n •,•pltr.anl h rnU•l,,t lltH1rr 1-,1h1·1•h,.. of ,-.J ,11\J.
aon ◄ i•ll " " m,r 1.. cr.ant,.,l ea l'~""" al rf'la1 :1 • ,.,. or 1,7 c-,11.,r.1 \
,t 1,, }11 ti:,. an•I ra,q11,1,..,.1 , ,, rurk, ,.,n-11\ tn ,~ital.I
f'l,,n ,1 ,~;•1 t ..
90,.r,·ti ,n rlf tt'lyt.cJ )UJCIUrDL,, Wbf'O 11 mu.-1 be Uo\ltil4 \.Ill' &JD.0\ID1.,
e\tO,b Ju,l•ro•o\.
trn.f■
\t.)~. an at"t U 11,,tH'
n,.,
n, ..
lnturl.. r.-Nnnal.
l •ti la•• In (, .~. -e.
a.....
f
&11•.-t."1 .
1
::i_.u',J ·:;:;; •~-~~ . ~t'::1~/;;iL,,•~~I ~~n'~~ ~~~~~1°:o;'~:i ~~o~~'~':.
1
la'--l•l
I.A
t.·v, .. •t,>1-0,iNJ
•I &
~r
Nlil l,N'f 60h-'Ul.
~ ~I.'"~,f n4"\I;~ ~~,\.'),, ~,4::
0
l ~': ,,~~:~ 1~
r~·i'.~r,n~::/:
autle.
1
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BANKING AND COMMERCIAL LAWS-ARKANSAS
1318
o:x~ir:t
:~!~e~r
~~~r o\b~ie t~~l~, t1,t
D~Ccht•t~~:;1:
ance sb~I bave been ebown. and Who, on the fa.JU, U>e:•of.
1ball have received the bill ror a valuable ooulderatlOll . P.T--,
bolder or a bill presenttnr It for acceotance may n,qu:,.. u
acceptance on • the bill: otberw11e tbe t,Ul can be pro ta- ~«i let
noo-acceptance. NotW1tbstandln,: tbe above pro'1slold .,,, ,. c-ct
promlslul? to accepi a blll Is liable to &DY pcraon to .. born a pn;:,,,., ta
aecrrn It may bave been made: 11nd wno. OD thr faltb ol the proa: ·.,e.
bas dril\vn and 11e,:ot111ted the blll. Any person oo whnm a l•I '! !t
drawn. and to Whom the same may be dell\'ered lor ac,,.,ptantt. •~,
shalt •ICBtroy It or refusr within tl\·enty-four houra or auch ti nc u tlw
bolder msy allow to return tbc htll acoeoted or not aocepu-d t.o tu
~h!c1i~i1~1~';!~ :be
~bnJ',~~u~~f,~~'1.-ci:~~~- JuTv~' \{0 '.~':,~~
SYNOPSIS OP
THE LAWS OF ARKANSAS
RBL>.TINO TO
BANKING AND COMMERCIAL USAGES.
i::r::.
......_. aacl BnlNd l>F M.unmro, ll:11auoJ1 - ll4oaa19, AUor.aeya
• !Aw, Lklle Boek. (S. Cud ia At-ya' Un.)
bocomo due on any or C,h&tt, da)·s. thu y are payahl e the 1uu.t &UC"\."'Md-lna1¥Umeuts faJJin,- llue <or boooming 1,ay•l,I<' oc>
Saturday are to be presc-u~d for paymPnt on Lbene1.t~·(lll'l...!ia1 t.~
Pl\';S day: except t,bat instrument F- payal•hA on dl'mand may ,~.• J•tt~:<9'
for payment before 12 o'clock on 8aturda,. if It hi not. a holld11,· . Th• r,,1lowtn11: damagc11 are allo•red where a 1>111 Cs ~ od for nou~Ul<II
lug buliln.,.,. day.
~
1
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clltret1AC trom lbe New York oode eb1elly ID malDtalillnC CM
betweea law aad eq11tly.
UIDlabwad- et Sa......_ Eueutoni and admlnlatratoni ma&
~:~~J:.':r'!.:~~ylut~~~ltr°~~~~: ; ~
ance IA entitled to eost" ot prot..,, anll I n - at Ute rate o11;.c- _ ,
~ ~'::rt'~~.,ct,!'3~:C-!;,. l't',.:;:
another for the p11ymeot of a ,um of money 1r,eo10:T tb.,rdn . b1118
Jmi ~~"l~i:i:~e,:~~3!'at
....,_..
r.ez~:
a
Ill naldeata of \be State and muat rtve boad In double tbe value of tbe
Foreln ueoutore ud admlnt.tratora can maintain actlona
nr-rta. Cla1ma are paid ID the following order: P'lrst. funeral
eecond. e,;pe- or l< llln-: third, Judimenta which &re
llena on the laoda of the deceased; fourth, demanda preacnted within
alz -\la•; nftb, demanda preaented wi thin one year. All demanda
IIOl,.._.led In one vear are baned. Demanda must be autbentleated
IIIY aa &ffld&Vlt to the ell'ect tu.t l!Otblnr llae been ll&ld or delivered
Mwud lbelr •tlllaatlon euepi what ta credited thereon. and that
•JIUII demanded, UJDtnr It. lamJ:l'!!.Y due. Demand, muat 1lr8t be
~ to the eseouwr or ad
rator. and If dll&llowed by blm
_,. be •-etited to tu pn,bate co,an. or aued upc,u In u,y oourt ol
.....,._t jurtadlctlon. .Notes and debla .-re,1 bJ' morwan• or
....re of trust mutt be pn,bated u any other claim. and If not preNDted to the executor or administrator wit.bin one year alter ap,,
90lnlment. are barred by the atatute of Don-claim of one rear.
W-.. ibe note or debt la barred thla carrtea wltb It a barrtnc o &be
~ or deed of truat si,·en to ac,cure tbe noi.ea or debt.I."'
Amdavttt ID this State are made before a Jud cc. justice of tbe peaee.
aolal7 publlo, or clerk of the court; without tbe State before a J11dn,
- r v public. J11.1tlce or tbe peaoe or oommlaeloner for tbJa
r:.~~~l~:tfc!'t"!o';\Po~t;,~~mt!e:~~C~lt\~e~le:r~:ib~•
J~t,~.,:!
fg;n~;;r~~.fs~~i~at~,:~~ee:~~:dc:~u~~~~IJlt,~1! 0 ~p1:!dt<>ell:.~
rt11:hts 11nd rlitbt• to u•c any r,atentNI tblns or aaJ' l<la,J. BQl U:,
11rovislon doce not ap11ty to merchant.a anll dcalera who -,,11 i:,.aLcn:,,J
thloirs to the uaual course or hustncss. All blank asstimeDt• 11r~ t.a~<"
to have been made on s11cb <lay aa 1hall be moat to tbe adYant.ar ~r
tile detend&11L lD otbcr reapeor. tile s - - i nalea CIC OOIIUDe! es.al
law applJ',
ams •f IAMltns. <8ee WareboUM Recalpta aad BIiia of ~
CoUaterala are rove111ed by tbe law merchanl.
Oentraeia tow:lbllls eommerolal matten aJ9 p._.,. ff a. iaw
mereuni.
Oooveya- may be eltber wrttnesaed bY iwo Wlto- os a.'"
knowledi:ed. (See Acl<noa·led,:mentaJ U wttueaaed UloY an, p,..- <J
l,r the oath of two w1ine....,.. aud are tbcn entitled to R>OOnl u ll.<-\lP
ecknowlcd,:ed . Doa·er can be rell1HJ1tl<hed only bt· tile trite .k>"-'>t
the bw;uaull. Tbe wllc ma, oou,·er proper\>' acquJred al.Dec Oct.ei:.-:
30. 1874. br de...J u a alllltle ~rson wltbout lier buab&.11<1 ,Olni.n& be :.
~:~rJo~f ~{:~~Yb1~1f :::k~r~!,~~e. ~r'!!,':_ IDJF..t;•m~
wblcb ba\'e t,ceo rccorll~d anll are ProP<'::l'Y ackaowledited pr..we U>.c,..,.
a,elvea. Any •ub,tantlal departurt rrom the form of aclulowlo.lv,;.,a,.
It{:~•
,..._ may bold
If the blll I• draw11 on an)' pl11..e In this kta1,-. ?
or nonr,yment:
r~~~t:.:--«:;::u~'.tw"~."~~~/l!~.-~ /:=i.~'~~~~.
~::.ur~RI~~ r"'~~ ~aU~l~D :tr~'t"'.J:~~~~ \~=
C81lt. u t.be bill be drawn bJ' UY PfJnUl1 M 11,11y plaice wttbJn Ylia - tfu!~t':'~ ':u~ ~=~!'t?i::'o~yu,6!'\fo'/1:.rs~=~ r=
ftded,..Jlu a -1.
reformed oode of o1Y1l
"!
:'.~~~~eb~~r.131':tir"f>a:a:D~~:b!:~~~.r:« tt;,rtrs\,·1.~hu~:~,~
. _ _•• qrtlled ~ tbe plalnt11' u jut and OOl'Teel proYW lllem•
· - - l a ..... tllel'eOII 111li- duJed Ullder oath.
4411mowle4smeou may lie taken within ,11e 8tata before Che
191n9!De or clreult court. or a Judce thereof. or clerk of any 0011" ot
neord. er a Justice of the peace or notary public; elsewhere ID tlle
Urdllll ..._ befon anv court ba¥1ae a -1. or clerk of auob oourt.
~ NIIIIJI. mayor llaYlnr a -1. or oomml•loner ot Ark&D.IU;
..,....SIM Ualeed St.at<ll before any ooun b&Ylns a -1. 111&yor or a
IIIP._Ybur a ..a. United Staioa oonaul. or BIIY ollloer autborlled b)'
- . la• fJil nob eouatrv to probate OODVOJ'a- ot .real eataie, pro-
.... -. eus• an, preaeoQted uder a
.!t~
aad travmli property In all rupecta u reatdenta.
~ n . ControYer8lee may be 1111bmttud \o arMtratlon. and
1M award of tbe arbitrators la n1"'1 lo coun. aod I• oubJ<>0t to review
ii;/:i~~'gl~e't!r ·r:., ;~ct°~~J ;c:;:,~~e~c !IJ;~ent~~~~c~::. ,
~td•:;~t~-·b~ ~:J=:. •::.ctk:.- t:: ~~~3!.o~:t ~t ~~
\'olll; but -'"utea have been 11,u;sed from time i.. time curu:.1: J,!,r
o1at:'1~~le1 ~~f~~ts.~!!1 ~.~,1~ fli~f~~ d~0tit ~!~'rr:~tul~bJ': d,~~
tlv., t.ckoowkdl{m4'oU pre,·tou•h· made. Suell a ata\Ul<O wu p,.....
:'/jl'J~t1
oC the court.
0
0
0
t~:~'::'~o\bf,t ~\,~Jt;;;
't::r~f~~~i,~.
o'"o:°u~:~~~!t•;,!~ ~r \bn~\
\!~:_
~~,~~~
i:~tb~/(1i11 f~·;n~ 11 ~ ~~
fraud bis cre,lltoni, bao co11c,•alcd or rem oved froru the State bla
0
~~ri;~ 0
Llhllce ~~1~~5;aiirt
c~~~;to~~~:t
:.eed~no!~i fr~~t;~~USt~t~J~~r 1t.~~-~~:,z°~~~~;~~rt h~~oup:~;t;nth~9r:1to~
In l!IO,. A oaw <'urt.lJve Ac, wu paaed aod a p ~ .,..,..
ary 10. 1911 .
OM1H>rat1on• att orsanlr.ed only under ceneral lnC'Of'PM'&tlot1 la.-. .
8nsloe.1., r. orr,ora\lnna mua;t consist of not less tb&D three perac,~ , a.
,hall elect a bo,.,d of dlrectora. The preatdent uad _ , , , are i.. M
elcct~.d hy the bollrd nnd the preetdcat muet be a mt1mbt>r of 1•. '!'be
aeer~ary and tr,.a,;urer mua\ Nllltdc and keep \be boolla el tbe c,c,pany wtthln tbe tltnte. The artJclee or ......iatton m- t>e •P<'<l ~
tbe prestlleot aod a mal nrltY nf the dtreotora. and muat be ..,..,.,,...
panted by a C<"nttlrAI,(• 1i,:oed In a like manner and ewon, to by , . .
preoldeot an<! a maJortti· of lbe dlroctora. aettlDS forUI th• pa,,_. el
tbr corporation . tb,• ""'"uot n! It.• capltAI etocl<. tbe affi<>unt 11<"t1;.L'. 1f
cal<! In, the Dam"" of It• stocl<holdera and tbf' aamh<'r of abar" i,~; ·
t?e ~.~~c:~r~1,tt;1:,ka~r ::: ~~•~i~
=~~!1:!~..':;;~,~1g~-.;,;~~ntba~•~~ll~'.~ ~ '~u~~.f~\ruwcr~~•~~~tt~":r;~t.,4/.
t.Hltrnmt1nta for the Bt'neftt of OrNllton m.-y be ceoeral or
::i~•l~1
c7~~~~~~-. .:~dc:~l~~fo~1
P!j?g;
c:.1~~J'~~:"~!;:~ f
~tt~~e1~;~tg;~~
c~:~~ti:t t ,~.v:eft
C'J~n:o'J11i;';n~~e t\",t1nb~c~~t1i111~,~~i': tireor~~r
t~0
lbe propt11rty to the hMt ,ldvan:..a-.ce and r, .-, v the pr:,c,·eb to tbc C'redt-to:"! meotloned In the a'-~l ·: orn c ot aC'co rdlni! t o tts t,•rrn9 . l\Dd faltbfully
l)t"rform ht!'I du ~k1 .tcr .•rdtnl!' to law. H e mu-n ,;,•ll w i thin 120 day ■
all pr'lr,erty e1c c pt the ch osc.'4 lo 1t c·t lon.whlch he IN rrQulret..l to collect.
the , .' \le to he at PU ~)ll c au (' tbu after thirty (1,.ys· nott<"e. Aast~nmente
are \' ltlat c t.1 hy th ,. rr .1 11 11 1,r the as , 11.!nor ;ii-inc or h y anr pro,·1sl1JD
Vflr7ln.:- Crom the r cq111re :nen : , or th ~ ~t ttutc. Att1ck~ u p on th e m
are matte hy proc N•,llrnr , 111 ,. 1utty, and, If th r y arr. set a,,;,l<l e. tho
proccc •b ,ne cl1 , 1r ttmt l'J c 111 tll f a m o11..-; nil thl' cre J ltor,;.
,\s c; tirn cea
c h,,e up tbl"lr nc c ·l uo t 'J u w l 1•r the dtrct·tivo or tho chan<"er; couri.■ .
Corpor/\tlons c-an not prefer cr e:J1t o rs
tlarhmf'nC• m .1.y he sut•t1 nut wht>re the ct cfrn<11rnt t, a fort"IQ.'D
Cf)rpora1.l,) n ,>r n ri n•rt•~\ (lf'nt. or h'\, l w, ' ll .-.he,·nt f rom the .:,.;t,1.te ruur
mon t h, . or h .1-1 l ,·ft th (• S t.'1 t<' W-\th lnt •· nt t o ddr.1 ud ht:-1 Crt"'H tnrs, or
hi\!" 1,·rt th~ l' •)Ull t .\' or h i , rr si·l rnrf'> h > :1\' Vid the· "'' n ·lce of !H1111mon!.
or conr('~ l .. '11 111 '- clf '-O thllt i:- ~i mmon~ ('1\n not lh~ KP Tn·d on hi m . or ta
ahout to r,:-111,i\'t" u r b:i<1 n• mo , ·,.-fl a 11 1at,•rl11I p .irt or hi ~ p rll 1, ·rtr n•Jl
nt tllc St1'.te. 11ol l1•;1\"111 ~ n1o111 :~h t o sa t b f)' hi~ cr1..·dtt,J : s. o r tla.~ so l d.
oonv(• yr d o r 0 1 h1· r w l •: • dl ,p, 1:-.c iJ u f h l'i pr 11p(" r t}~ . o r " 'J fh ' rr•tt It to he
aold With th <' f r nu d 11l cn! l ntl·i: t t o rh t· ·1t. t:!n ·lcr, o r ,1 ,·!.ir t: i, (' r,.·tltnr!I,
or t11 1\ Ui ) ' ll "o t, \ l ,1
It h u l• t 1i l :1,•11 1,y tl\in ~ ;in n •• 1 1-t ,·11 ~t:it111c t h e
Dl\t u r c o f ttw p l .i! n •. l fT'c:. r l1l 1:~. t 'Hd t t lq 1•1 '- '"' l tc:. ·, ·r,,, •1n t n n I tb ,, ,· ":! "l~ nr-:- 'Ir t h•· l~T• ) ll fl I. . n id hy l!l\· : 11 1: 11 1,nil ('() ;l d !t l1) ' l •'<l ! o p : i \' 11 11 i h ' lll\i.!'CI
th1•!<h•f,•n 1l11r1t i-ur ~11c:. t~11n I ~ th 1• 1att HC"h •1w~1t I,. w1 o n ·.•f 1il! y 8 tlo' d o ut .
Th,. ddf'n .J :tnt l!iii n!l o ,,·1• d to tn,·t·r ._.,. t l H• 11 tt :trh 11H• JJt. n n d th e ,, 1ll•lt1\'l t
11\n·f tr .'t\·,•1 q,, th ••n <:.! t 'l (I n ~ pk:\drn•,"" up ·in wtiJ<"l i th •· ls -- 1w 1.. t1 J,·c1 .
Jf thr n t t 1r h· n<" 11t h .i , ... ,o ·, ·rt l. th e- dd••n .J :rnt 111n y hi\n· n n :1' 'i •·~ ·H n1 - nt
nf •11\" !l~ -: ,•..; 11 •.11 11 1 t)·r li n •, 1 I l r tl w t'i ,1 IIH' ~u !t.
l'c •, ,, u s <'I d11 111 11! t h t
lltt'lc-h rd J'l r o ; .-• rt r 11 1.· t v l ll lf':" 1'1 1".t /J I n U l (' !'1 1HIIC l'\ ('C l , HL
Atl tn ·hrnc-nt.,11
1
m"y It,. J1U••1 I
,, 111
h••! 1r,• tl tt• d •· ti t t~ ,t ire wll •· r c tbc 1lt•: c-n 1h11t hJ s suld
<"OO\'t"\"•••1. or 1 11 ll <· r n :-.r d l 'i p, t-t ,·11 of 111 .. prn pr rt;· . or 1·,·rm \L \ ctl It t o be
IHM w1t' 1 lllf' rrn11 , lu 1('flt lnlt' :ll t n rl wa t. li111dcr or dd .t)' hi ~ c- r1·d1t nrs,
flr 1!111 1' n t o do . ,~r ;.:; 1 \ 1<>11: t .1 r ,•1Jl 11\· 1· : 1l q 1nu : w r p.·, nr :1 rn.1 t• ·t 1 d p 1rt
t ~1~r1• ,f. ' n• tt o r t li e S 1.a tc w 11.U the lutent of Che.3tlut. btud crlnic u r lkla>·-
1 n:.: Iii'-' rr pJ j• ,.. -1
n,n l. 111~ mi.;.- h.- <",trr1,.<1 on hy tn•ll\"MtH\111 or hy r n rf'nnl•
n""""'·
t\o n ... or.:'\ :11 r r I 11:i •kr : ii,.. •:• ·l"J•· r .11 ln co rp ,n :1tt n n bw of tlw S t:1tt•. or
h,· r.-it• ) ~ t i !nn·· --. .
Tl!, · -...: 1;: t •· l:1wq pr,.- wr t :1c 11 ,) !-1 \H' <'l.ll f(' l~lll:1t1on~
fq:- ln •1\; l: 1 •
·•- ·r -.: :,,;i I t"n 111 ,, r ,·" nr Ii 111 1,.._ 1trr ,·r lir-ln ·ill\· 11 :thlr for
,~~(; ,';~.:
n111.
rai:i,,
' i '.
.i,
•, :i-t for rc cl..'lvlall dt.:wslts know lui l>auk
:11ul rro1nh"ory 'Sot«'~.
The
to be
Xogot.Jable
, , ,.,,._,.___. t •UI .\ 1,ri l :.! :!. 1 11a .
as u11 1t <'1 •· :n .,r or a nv Lftl or r,;r-hanJte
di he In ~ r1uu4.
Jr tUe acocptauoe Ja
• .:<'d
rnn-:..~r~'~'i:',.te...,~~~o~lf. :
1
Lra nsaC't bt18lt1"'SI 11\ntl tbto W1th tbti: ch•rlc's cnd •'""m~nt ID ttw ('l'!°', !"IP
or tllt· secretary of St,ue. The stock can be tran!ltrrrc-d only a pol! r b•
eompa.1 Jy'1 h,,n ~,,. a.od a record of tho trao.dtr hat1 tot~ dt!"pc.t1t"."d .-:._.
tbc (·,,untY ci r ri, to order to he valid u a,;alnst <'re<lltora nf tbe U-..:> ►
ft'ror . fb.e oorp,>rat1vn t\.'t'.'11 a lten 00 lt8 ■ tock for df"ht1 due frotc • ta,e
~t'~r~~~~~~~~Ch•r1°:ap!~~~:f~t!~~,r,';~~c~7te 4~~11':i:~~~n~~t~~:_ : :
tu case of a ru11u r f' t o Uo 10 l •<-<"ome ll&hl,. for tts d('~•u..
Jf tM' d · · ~
to~ <kcl a rr a dh1·frnc1 whrn t.hc corpor&tt on ta 10,,,1v,.nt tt-~ ~'~
1f3hk fur 1t1I tht coqMr.ite dtt>ttt. Anr corpor11tlon whtf"h 1-. tn,-; l,~al
or tn ..; C'(':\~cd t o d,, t.iu~!n~ mAy he wound up on the •ult t"f •~Y
t-r('cJ! t ,1r or stnc!cbn!der hy " '1eC"r~ of the c-h1t.n~rv t"cHJrt
,_.,...-ff' ....
e:i ct"s oy ln~ ,,1,·1.· nt c-i•rporattnne ar<" f o rt,MJco.
~h"lrM C1f
d('uo 111 Ju;,at10ns of $~.J or ~100.
BeCore any NlTihHa t! on. to r:-:n ••
d vr 11t•a~lc. c.~o c.!o au,r IJUilUt"U ID tM s State, 11.0 arrnual fr~ !..1.-- :..:.M- \.&.I
11111 ... t I~• p ;.i, I to 1h1• ~ ! .1 Ll' Tr, ,J.,.,q r ,·r. t.o.wlt :
01 1,.•-'.lft, · •; • !J , .t .- .. ,.
1,1 ir l'Cllt , ·:. ,·h r, •;i r u1 ., ,n thf' pr .. µnrtjnn of the vu!..: ~n ,. ; : •: ~ ~ : .-IJ
._ , ,,-·~~ of t in~ 1·o n ,1,ra 1iu11 r, ·;,r••:--t' JJh.:1-l hy µropcrtT o,nH,tiJ aih.l u..... -. ..a
l., u , in ,·!'lj t r;.11,a l ·tt.t<\ iu 1111, ~, :,tt•.
J; \ ,·r y eor · ,11r ;• i.l••n ( h 1111,-:: bu --ln~ fo:- pront nnd o~Z':l:-:!:.-c! -¥" a
m ·11 11.d li ft'. /1r1•. :1,y f,!• · t 1~. ,11rety . llcaltU l.)I' (lthcr Jn , u :- J· . -.:-, \.• :--, ..a. ~.r
n , ,t h a , · i 1i ~ f\ ,·a pit.1 1 -.t1wk l\111I not ur.,:-au1L00 ror char1t..tlt,te f'U:'"' .._....,
••"~•~ta
1
-.n a il pa _v an a1111 11al ta~ of Slt!0.00.
1
.\II f11r <>k n or d1110• •-t r w ln ..;; ur-anoo f"nmJ"nttw. "' wh'l.t&of' 7 ft" o.a~ .... .-..
dn im: h11 -. 111,oq1o1 In this s tato and lm,·lu,: a.n out..,taw i mtt ,·,•;· l: '1 q..-.rs
ol 1.. -.s; Ut·\n ~.-,,~o.tti ,-, ,du-ell p ay un fillnual L.'\X of a. Jo. ~ ; a11tJ H, ·n , ~...,_
J•• u ·l,·'\ h .1,·l n ;.( a 1':-l J•1 lal -.tock of $.",1~ •.000 or DIOr t" I\Jl an·u.a1 • a., ~
t ::11 1, thh tax bc.inK iu Heu of \he c.ai oo I.be cap1t.6! M p,r,1..-k..1< ta
Oltl l.'I" c•a .-; , >;-;
J·, \~ry rnv~tment rompaoy, rorehro or domtwt:k·. esN>pt Sft: •. ,r.a,
~.~;;~~!,'~\."'~rl1';;.'i:' 1:;;;111! 1~~111 ~~r.!~~~:~~L..~•;; t1;;~;!~.,~ri,:f'~~~~"~;~~~. ~t'\ . ;
tr:1('1"", ho ll• f\; or o fht•r ,..r.-•urltlftl of an'.\· kind or <"hJlrs., •ter 1l' t,.- t ~
h,,n<1"' of th~ l Jntted At,,tea. or of amn• munlctn,at :1y au1h -~:•! k ·
t.. .. tJ t~ boi ul!-i or th e :--1 :, t t' , and OOl(':C M•·ur('t.l hy mnn..:...- ... or, ,....__
e , 1a1c lc w ;, l t•d lu t he .--i t al~. ur &f'IJ huJ h llwc ~to·lt. or k-a· i , :1 , . ':>·. · .. c .., .
!- :,,, 11 Ill" lo : lw , ,1 ; :1 ·c 11r t he n:,nk ('01 11·! Ji -.·s.!011t ·r . 1,1 .: ,·: !: ,..,.,., • ~ _. :, .
1
0
wh ii-11 It p r, ,:),,<"'- ro trnn~:w l tiu -: f11p..,,-...: a <"OJlY of 1111 C'\\Otr-A r• .. t ..... .-...»
or othtJr lri"ltrumrtll6 1'hir"h if. i •roJ>OSf~ t<J ru-.ke wttb o, ....-;: ~ :tao
t"fltlT M l •llfOl"'!'I: ll •u :d,mwut 11ih('lffiUJl llf\1lW ant.I lor:atton flf ('."ICl~•!"O'
¥~11~~:~~ c~~~:!~
~;//;~
tA !! :,:~7:nf':i'~';~~. fn•~,.:~~~~~t.~~:'..':
amt an it• •miu'(J M'( out11 ofil -. &<'!UH.I Un11t1<'l&l c•nnd1t.ion &.0,c1 ai , ,- ' "":, ....
0
t-mdi lnfu rmatloo •·ltkh Cho B .,uk ()on,mt!IINJ•>IU''I" ma., ,..,.. ;-., ~. ,:
1uch coml)Allf,l>e a co-panoers!Jlp or unlncorvo.-...S -..-... ~,'"- 11
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BANKING AND COMMERCIAL LA WS-CALIPORNIA
1320
• T&itN are a lien between vendor and purcbuer from the llm MOD•
day lD Deoember. They arc payable between tbe 11m Monday lD
J&DUAI')' and the 10th of April. ID cue of DOD-payment a penalty ot
H per cent la added. Lallda may be redeemed Within two years by
pa)'lDr tasea. pen<J', and costa, with 10 per cent lDtcreat. lflDors,
lunatlm, and pel'IIODS ID conllnement may redeem wlthlD two years
after tbelr dlsablllty II removed. (See also Corporatlona.)
Teadmony. (See Evidence.)
Tran81er of CorporaUon Stock. <See Corporatlou.l
Trust Companie• must have a paid-up capital of $110,000, and
Ill countlea with a pcpulatlon exoeedln2 110,000, they must have a subecrlbed capital of not leas than '100.000. They may exerclae all tbe
powers commonly conferred on such companies.
Wapa, No aalgnment or order or wages to be earned In the
taiare to MCUNI a loan ot 1- than 1200, •ball be valid agaJnat any
~~or the person making such wlgnment or ord•. untll aucb
t or order la accepted lD writing by the employer and the
aatpment or order and the acceptance or eame bu been llled
with tbe record• or the county where tbe party making the ..agn_ , or order nmd•. If a nmdent or tbe ltate wbere be la employed.
No ~ t or order or wagee to be earned In tbe fllture llball be
1'alld when made by a married man unleM the written conaent or hJa
wife to making such an ualgnment « Ot'der ror waae,, aball be attached.
Warebouee Receipts and BWs ol Ladtnc •ball JIOt be ctven
esoept where tbe commodltlell mentioned are reoelved OD the premlNI,
ud are under tbe control ot tbe warebouaeman at the time of lta
llsu&Doe. No warebouaeman ellall aell, encumber, eblp, or remove
any sueb commodity tor wblcb a receipt bu been ctven without the
wrtnen ueent of tbe bolder of the receipt. The asme provlalona cover
owuers ud arenta of boata and veeaele. All warebouae recelpta ud
bllle of lad!Da are made necotlable by written endoraement and
dellvertnr the asme u bllle ol oscbanse and promlnory notes, and no
printed or written condltlona. da-, or provl1lons lnaerted lD or
attaebed to them el!all In uy way limit their necotlablllty or Impair
She rlsbta and dutlea of the partlee thereto, or pel'IIOna Interested
lllereln, or aucb oondltlons •ball be void. Warebouae receipt& elven
by any warebouaeman or other pel'IIOD lor cooda ud other commodltlMI deposited, and all bllle ol ladlDc ctven by any oarrter, boa&.
9-1. railroad, tra.naportatlon. or t.ran.lfer company may be tranaferred by endonemen, and delivery; and the trenaleree •ball be
deemed to be the owuer ol 1ucb commodltlMI eo far u to ltlve validity
to any pledp, Uen. or tralllfer ctven, made, or created thereby; and
IIO proDOl1J' eo ltored or del)Ollted shall be delivered ucept on 1mN11der -ud oancellatloD ot such recelpi. and bills or ladlilr, uninob recelpw and bills of ladlDr bave the word ■ "not neaotlable"
Dlalnly Written or etamped on their face. A carrier may however
ae11ver to alllpper or oolialpee COodl without p,-ntatlon ot bW ot
ladtnc UpOD recel~from sueb 1blpper or conalpee bond In double
She value of the
oondltloned Jor delivery to tbe carrier thereaher \Ile ortctnal Ill ol ladlnr <acta 19071 , Peneltlee arc denonnoed
aplnat any wanhouaeman or other pel'IIOD wbo eball violate any ot
ilie provtalona ot tllla etatute. So mucb or the act as rorblcla tlll
de_Uyerr or property escept tbe 1urrender and cancellation ot tbe
OrlSIDII receipt or bW ot ladlnr sball not apply to propeny rcplevlned
or removed by operation of law.
Willa. A will must be sublcrtbed by the \Mltator or by some person
tor 111m at b1e requM1t In tbe p,-uce of two atteetlnc wltn-, or be
mus acknowledre It to be hll will to each ot \llem. He must declare
as \be time or bla aublcrlptlon or aclmowledrment to tbe wltnUaa\ tbe lDstrument la b1e wt1I and tMltament. The wltn- must
alSD tbelr namee as the end of tbe will a, wltn- at the rcQUMlt ot
Ille testator. Jt, llowover. tho entire wtll la In tbe band•wrttlDr of the
'9\ator, It Deed not be attested. but may be proved by three wltnea1M1
famlllar with the hand•wrttlns. Such WIil. however, can not be
Dleaded Ill bar ot an atteeied will. WUII arc revoked by marrtare and
lllrtll of i.ue. unl- provtalon tor such llaue II made by aettlemen&.
or la provided tor In the wUI. Tbe Will ot an nnmarrted woman la
rn'oked br Iler marrtan. Atterborn clllldren. not mentioned In the
Will. taae their recuiar dlltrlbutlve 1bare. U tbe teltator falll to
mention ID bll will &DJ' .child, or lta lecal repTM1CDtat1vea, Uvtnr at Sbe
Ume of esecutlnr the wlll, be shall. u to 1uch child. or lta represent•
aUvee. be deemed to bave died lDteetatc. and such child. or lta rep•
,_DtatlVMI, 11 entitled to ltl rerutar 1ha re.
SYNOPSIS OF
THE LAWS OF CALIFORNIA
RELATINO TO
BANKING AND COMMERCIAL USAGES.
Prepared and Revised by Mc11rs. DORN 6 DOBlf 6 s.w ., oa,
Attorneys and Coulllelors at Law. San Francllco.
c:;ee C&rd In Attorncye' LIit.i
Account,. An aooount II &Nlpable, and tbe &881tnteo mny main•
taln an action thereon. although the account b aulrned merely tor
collection. An a ction to recover a balance duo upon a mutual current
and open account or upon an open book account la barred within lour
years. Tbc cause of action on a mutual account II deemed to bove
acc rue<! from the dllte ot the last Item. tu tbe case or an open book
account, each Item become• outlawed four years after lta date. (Sec
Action• anll Limitations.)
Ac knowledcmenu. Detore an Instrument can be recorded, lta
execution mun be acknowledged by the J)elllOD uecutlnc It, or If
uecutcd by a corporation. by Ito prc•ldcnt or eecrctary, or other
per.ion e 1ecu11ni: the aame on b c hAII or tbc corpcratlon, or proved by a
1u l1~crtl1lug wlt 11eM. or h>• Jwh:-m cnt In au action brouirht for tbt6 J0us\~~~f~ret,kmir t~:
ro~J;J~i aJ)~~pl~~0 ~1~h.~c~~ll~'~1
tuprc tn e co urt. o r n. JutJge o f the f.U pe rl o r court and Within the city.
t~!!"b~~~r:'.
oo u nty . o r towuahh1 fo r wb tc h the o mc-cr waa appointed or elected .
tw-r o r t- r l 'l. r- r: cu A c l erk of a coun o f record ; ( 2) &county recon.l cr:
•31 r.
('r)nHn111,.1 onc r: 14 ) a n o tary Jrn t,llc: (5) a JU!tllCO of tbe
P'"'
• ·, , 1 ,nw lct.J .:me nt of an lmHru111rot mu~t Dot l>c t a k r n.
t ;Lklo ( lt kn o ws o r hn,. S3 tl.~fn c tory C\'lc.Jen re. on
-n of a
Cf ('• lt hlr
the
Wltn es~ th at t he p c r.-1on m1:1kln'{ t-U l"h
1..!t I.be ln\ll \.·t..tu~l v.Uo ls d escrib ed In. an•l wb o e1.o-
cuted tbe lDs\rDlDent: or It osecuted by a oorpora\lon. u.as Ille pm.a
maldllr such aclrnowledrment la the preatd- or ~ ,,. _ .
corporation, or other person wbo ueouted It on ha bebalt. 0--.
taklo.c and oenltytnc aolmowledrmenta or proot of l n s l - • fDr
reoord, must authenticate their oenUlcatee bJ' am.unc u.ere10 lklr
al&'Dlturee, allo their seals of omce. If by \he la- of the State or try where the aclrnowledrment or proof la talren. or by authortc, GI
wblcb they are actlDr, they are ~ulred to llave oGlclal -a.. ..
lrllowledrmente taken out ot thla State w be 1l8Cd wltb.la t.1111 Slalt
may be taken before a notary public. a commlealoner appoln&ed ~
the rovemor of th18 State. a Judp of a oourt ol record. or lD l ~
oountrlee a mlnlater, ooll.lul. VI-DRI. or oollllllar acoeas ol. Ill
United Statel.
AcUons. All civil actions are oommeneed by Ill'" a - ~
upcn wblcb plalntlff may. at any time within one year tlaereaher, ll&w
a summons lesued. The onlr. pleadlDae allowed on the pan ot
plalntllr are: 1. The oompalnt. Z. The demurrer to the....-.
a. The demurrer to tbe crou-oomplalnt. , . The anawer to the complaint. and on the pan ot the defendant: 1. The demarrer to
the complaint.. z. The anawer. a. The croa-complalnt. ,. Tie
demurrer to the answer to the croee-oomplalnt.
AdmJDl1traUon or Batate1. U~ \he adllllllloo ol a wtll •
probate. letters testamentary are sranted by the eupertor ooun lo 1M
executor named lD the Will, unleaa he be dead or lllcap,-ble or unw111lnr
to act. In wblcb cue letters testamentary are ts■ued to an ad.m. . .
trator with tbe will annesed, appointed by said oollrt. ln cue II
IDtC11taCJ'. let tors or ad min.lat ration are ts■ued to tbe bona ftde ,_.
dent or the state entitled t b ~1 ID tbe rollowtn« ord•: I. kela&lffl
or whole blood entitled to admJnater In preference to theme of llalr
blood . Survtvtn1 husband or wife, or some competen, pel'IOOD _ . , . . .
by either. 2. Children. 3. Father or moth•. 4. Brotb-. ~- S.
ters. 6. OrandcblldNm. 7. Nest or ldn entitled to share ln t.be di.
trlbutlon or the estate. s. Publlc admlDJlltrator. 9. CredhGs.
10. Any person leraJiy com~tent. Where lhe person enUUod le
admlnlltratlon II a minor or Incompetent. letters muet be crall1ed IO
bis or ber ruardlan, or to any other penon entitled to lenen II
admlnlatratlon ID the dllcretlon ot the court. Bonda IOI' fal\JIN
performanoe of duty are required ot an admlnlstrator and ot u
esecutor unleas waived by the will. Notice must be d'Ven bJ' •
admlnlltrator or executor by publlca\lon to all \he credfton to In and prove their dalme wltllln ten mou\lla &her Its lint pubUciatloL
wben the estate esoeede In value the sum of ten thousand dollan.
and four months when It doa not. ll. Olalma artatng on whether due or not due or contingent, and flln-1 ~ m - lie
presented within time prescribed by nottoe to credltora, _....,.
they are torev• barred, un1- It appean b7 1111ldavtt or tbe Cl'1ldll«a
that 111cb CNldttor wu outalde or the Stete and coa-i-'17 did
not recelYO DOtlce. Uni- clalm la apJIIO'led wttbln U.. . . _ . . .
vtded ror In tho notice It la barred, un1aa tho clalmaDS eui .....,..
to the eatteractlon or the court thal he had no nolke br , _ fll
being out of tbe Sw.te. In wbll".b t.be claim a.y b4. aw
I
at an_y tin!• betore a d - or dlatrlbutlon la en--. Wb- a elaaa
la reJeCted eltllw by the esecutor or admlDlllln&or ..- \be ,...._
the holder must brln& su1, lD the appropriate ooun 111e,- wt.three montlll alter tho date ot lta reJeet,loll. It It be t.beD du. or WS.swo montb1 after 1, beoomee due, otberwlle the dalm la to,._
barred. No claim can be allowed which la barred by the Slat•• d
Llmltatlone. Clalmtl aplD■t the eetate are paid In the ~
order: 1, Funeral e s ~ . Z. The e s ~ ot the t a n ~
a. Debta bavlnr preference by the la- of Ibo United St.ala. 'Judsment rendered aralaet tile decedent In bla lltetlme, and raCMI ID the order of their date; and I, all other demancla __,_ •
•tate.
Aalda'l'IU. An a11ldavlt to be Uled before u:v ooun., Jlldel!. er
oaloer ot tbla State may be taken before &DJ' oaloer aut.borbed •
admlnlater oath1. tu tbla State every oour&. every Judce or ~ .,
any court, every Justice and every notary publle. and ever,' olllos er
person authorlied to take testimony lD any aetlon or pl'O«ledlllc. .,
decide upon evidence. bu power to admlDleter oatba and adlrma\lQa.
An a11ldavtt taken lD another State ot the United Sta- to be ,_...
ID this State. may be taken before a commluloner appclntd bJ' tae
rovernor of tbla State to take aaldavlta and depo11tlone Ill well OUII'
State, or before any notary public ID another State. or before &117
elerk of a coun of record bavlnr a-'- Ab aaldavlt taken In a tonica
oountry to be used In thla State, may be taken before u ambaaadlir.
mlDleter, conaul, "'-CGDSUI, or coneular area\ ot \ho UD119d s...,
or before &DJ' clerll ot a oourt ot noonl ba'f1Dc a -a. In Acta ..._.
OOUDtry.
Allens.
1. All alien. eligible to dtJaemhlp IIIQ' take, bold &ad
dlsl)080 of property. real and pereonal, wttblD tbll State.
2. All aliens not ellgtble to dtbeneblp may acquire and s - lllallll
In accordance with the tenna or any osletlng ..,.,, with &D7 ,_......
country or which such alien la a cltl&ell, and otber-wwe, &lld lD
addition may • - land ror &ll'lcultural ~ tor th,- , _
3. Any comJ)&Dy,_asaoclat.lon or corporation compoeed In \he_..
or aUena may acquire and i - land ID ~ wltb ta.. - or any estst1D1 treat.y with any rorea«n country or which tlMiF citizens, and not otbenvl!!e. and In addttlon ID&)' 1 - land ,.., apt.
cultural p ~ for three years.
4. Wbon It appeera ID any probate proceedtnp wber-etn &ll7 . . .
Ill an heir that be could take real property escept tor the PN>""- cl
tllJs &l"t, the probate court abalJ order tbe ale ot ncb ...a ~
and dhltribute t.be proceedll to such alien.
s. For any violation or thJa act the attorne,r-tren...i llbaO .....__
rorrelture proceedlnp and upcn llnal Jwi,m., tbe lande aball _ . . , .
to the f;tate.
6. Wbeo It appears that any alien or all- are boldlna 11117 ..._
bold Interests In violation or tbe above provlalou Che MIOl'DeJ'-P&4..~
shall Ukewtse IDlltltute forfeiture P"OCO"(II- and _aacb ........
Interest or Its monetar)' value together with the ot aacb ._..._.
p ~ shall -:h•t to tbe Stale.
Arbitration. The subml811on to arbitration m'UI be la ..,..._
and It may stipulate that I\ be entered u an order of Ute . ..,.._
oourt. tor which purpcee It mult be Qled br \he den. Jf Ute _ .
mlHlon 11 not made an order of the cour&. I may be 1'991>ked as . . ,
time before the &ward. All tbe arbitrators mun aOI. bu\ a ~
roverns. Their award must be ID wrttllls, llned by a IID&Joft~ el
them, and dellvered to the partlee. and when uie nbmlalon ta _ .
by u order of the coun. must be llled b7 the den wbo - asme, after the expiration ot Qve dara. bl \he Ju4«-1 ...,.__ ..,.
thereupon lt bu the effect of a JucScuum&.
Arre1t. In an action tor tbe recovery of _..,. apoa • -a...
espress or Implied, tbe defendant may be anwted If aboa1 lo daalaft
from tbe State wltb Intent to defraud bis oredltora. DPGD On1ft .r
court based upon affldavtt therefor. also In an M!UoD for ~ .,
other propeny emt>euled or traudUlenll)' mtaapplled bF a pe'911t
omoer omcer of a oorporatlon. or all attoraq, tacior, 11ro--... ■&91.
or clerk In the course of ble employmen&. or by any . , . _ la & . . . _
clary capacity : aleo In acUone to recover Ule ~ 1 1 loD ot pa-a
property where It bu been OODCealed or removed or ~ -, 1e
prevent Its belDC found; alllO ID wllere Ule der..daiit 11M .,_
rull tf of a fraud ID oontractlnl' the debt or oblls&Uoa tor • .._ ..,.._
I• brouirbt ; or ID conoeallna~r
d
ot pro~: alao ..._
defenda nt bas removed or a
ot
~ or le--., 1e . .
eo with Intent to defraud creel tora.
*
*
*
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0\'C' T ,l 'l, J
1321
NI C" h 1lf"'bt or claim l\~Rl n :-1t
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::;~~"~;!\
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1
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drlot f •"lr whl r h f"flrh ,,,..f,.11dftnt t• ll'lhlf". snd a !tC\'UI\I Ju r1 ~ m f"n\ m,111
b<' rf"r11 h•rf",I IH'l\1r1"t f"a ,· h In runf,,rnd t y thNf"Wllb .
tr ft.ny lttir khnlder
p:,,}'!I hit pmpnrtl n n of any 1frl•t dur frnrn thr oorporatl o n ln c urrt"'d
1 wh ll ... hf' WI\I ■ urh llOC'kb •1l, tt'r . ht" 11 ff"ltt"\·~1 from ft.Of furthrr p-rnon a)
Ua'1tllllf"'• fnr eurh ,tt:l,1 ; llnt.l U 11n ll•~tt,>o bf\§ l~rn hn.1u1thl 11,-11.lr; i\
~Im ror such '1rr,t. 1\ 1h.!'lll ht' rtl"lrn1.-.."<'ll ,u to him upo1 0 ht, r~-- ~ '"It'
1
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\bt- oue\41, or 8Ut"b prol,)1,rUoo \hf'~f U
Digitized
rua
by
o " 'oO ~;
C,
l ceha r ~·
BANKING AND COMMERCIAL LAWS-cALIFORNlA
1322
ecalDa\ blm. TIie term "ateckholder" extends
t.o every equliable
owner of etock. altbou~b the s1tme appcnrs oo the books lo I.he n&me
el anot.ller, &Dd al•o to every per.ion \\UO baa advanced I.be lnst.1111meiits or purcbuc money ol •tock In tile name ol a minor, so Iona- u
.a.e
latl.er remain• a minor: llDd also to nery iruardlao or ot.ber
\nllllee who voluntarily 10,·ests any trust luous lo the s\Ook. Stock
o~t!~~t~~~~irve
~~c~~~"D~p.:'i!':o ~bebt:i;~~t,e:,:,!~ '
• et.ockbolder, exc,·pt In tbc C..He above mentioned, ao as to cLara-c
latm wltb 11ny proportion ol the ucbts or llabUltks ol the corporation;
bas tb<> pledgor, or person, or estate represented Is to lie deemed the
atookboldcr as re,pects such llal>llltles. lo c.orporatloos bavlog no
•pllAI stock, each member Is lndl\'ldually and pr:rso11ally ll&blc !or bts
10a°tta~~sltt8bl<~~-h~t:,?~ .\~~~il~:Cio1~fii ~j~l~lao't1~t/ 1g~~nr.~&,!. ~
4Dloroe eucb llAhllHlcs a.s oy tnJs su<.·tlou mar bt" brouil'ht agoinsL one
• more atockbolder._ &nd similar jullgmco\.ti may be rendered.
Courta. Term• and Jurt•dletlon. Justice•• courts have clvU
ur1t~'ct~~-
I:~;"
c:~~
1:1:et~~~~p;
If the ~~~cc\~i~t~ed~
d~~~ :Oi :~tlu~!
to $300, and the jurisdiction ol a Justice of the peace lo all """""
1
1:~~~u~rvt<:'~f \':t~t:c:i.r
0
wbere money jutl~ment I• reeo,·erable I• limited to '300. !. lo
ae\looa tor damao:ee tor Injury to tbe person, or !or takln&', detaining,
GI' IDjurloc pc111owu property, or !or Injury to real proP<"rt:V, wbon,
llO lasue Is raised by I.be verlOcd answer ol the dcleodant In vol vlar
=:,~e,: -~~f.'as;~I~~ ~t~:~~m~~.,::~~e,g:;g,:;~.~~"i!'!:fdp~o!~l
Pftlpert}·. U tbe •alue ol auch property does not amount t.o UOO.
~ I n actions tor a tine, peoalt>·, or for1cltun, not amoDO\lng to
...:.st
S:rr,,ti~;i0 ~ 1~t~C:o~~:rn
~1f:
.t &IIF iaa. lmPo•t. -ment, toll, or municipal line. 6. lo
.;:~r!'Yo!~!~~•
1!~~~?:~
=:.
~rW,e~~~ ~~~3':~"i:'o~o:~,1:~oi:'t"'I..,ro,3:o~ ~:~io'i:!
1MJD&IW may uc,c,ed that sum. 6. To t&kc and enter Judcmcot tor
~ recovery or money on tbc c,onteeston of a defendant. wben the
cooh!ssed. exclusive ol Interest. does not amount to Uoo.
,. Alao concurrent jurtsdlctloo with tbe auperlor courts, Within t.belr
-peeilve township• lo actions or lorolble entry &nd detalnor, wben
.iae rental value ol th~ property entered npoo or unlawllllly d9'&1Ded
4oea not eaceed U6 per month, and the wbole amount ot damacaa
4almed does DOS exceed 1200. Abo In actlooa to enlorce and rore-
-OUDt
:..i: S::,~:~~~~;'~~.:Jj, :!~~t!e!:."i~oi~e
amotmi et \be
aSupertor Court.. Tbe Jurisdiction ol tbe at1p~rtor court 18 of two
itnda: l . Original . J. Appellate. The aupulorcourt buorlrtnal
lotion lo all oases lo equity: In all c1,·11 action• lo wblcb tbe eubot lltl&'atlon ls not capahle ol pecuniary estimation: lo all ai
which Involve the title or possession ol rt•al property, or Ille
lecallty of any uu. etc., and LIi all other cue,• In which the dom&Dd,
G:iUll\"e ol lntere■ t or the vnloc ol I.be property In contro,·eny,
-ounta to $JOO; or actions ot lorclhle entry and detainer, or pro-41DP LIi Insolvency; o1 &ctlon• to prevent or abate a nulaa.llce; ot
all matters ol probate. or dl\'orcc aod !or annullmcnt of marrl&n;
Md ol all euch spoclal cas... &ud prooeodlntts "" are not otherwlee
.-,ovlded tor. Tbey also have power to losue wrlt.s or m&odamua,
aardorart, problhltlon. quo warmnto. 11nd ol baheas co.-pus on petition
or on behalt ol any pelllOn In actual custody In tbelr rcs))CCt.lve
-t.lee. loJunctlon• and writs ol problult.lon way be !Hued and
•rved on lea-al holidays and non-Ju<I.Jclal daya. Tbe eupe.rlor court&
llaYe appellat.o jurtsdlctlon In caae• artelntr LIi J11Stlocs' and other
laferlor court& In tll<'lr respective couutlcs provtded IAe &Pi-I lie
alien wit.bin tblrtf daya or the ju<ll(mcnt.
Ulat.rlct Courts o Appeal. Tbe Stak I• dl\1ded lnto throe appellate
~csa. eaob ol wblch baa a oourt of appeals wltb t.broc Jwitlcea.
w
~ t og::;;:r~tY!nae~i~:!~ !~~ ;i~~~~~
'i~~~l;~1:i0,bJ:"oo"i:'r':!r~
1':trfc':
~J~1 o~•~~~fea~r b~~e '~~)~:u~'te~~rl'.:i~~~1~l ~~v~~"~1 r:O'::
Ille superior couru lu &II caoea at law In wWch tbe dtemaud e,clualve
0
el lntcre•t or I.be value ol I.be prot><'.rt:V LIi cootro,·ersy amoWlta to
»oo
aud ,1oe, uot amount to JZ.ooo; &loo In aU e&!ICI ol lorclblo
eotry and detainer <e,ccpt 1ucb as nr••e In the Justlcca' courte);
la proccedllll(ll In Insolvency, arul In actions to prevent or abate a
=-~~t!W~n10oli:n-:.<I.J~~te~ln"~"i1~~~ro~ ;~~11 ~i:ir~c~rd£~0a':10~ 11
bl 1ucb other &p(lelal proce.,,Jlnics a.• rnay be pro~lded by law (es;oepc,.
ID11 lo casca In whlcli apl)Cllate Jurisdiction 11 &'lvco \0 the supreme
«>Urt): &ll'O on Question• ol law alou" In all ca,e, pro:oecutcd br
lndtctmt!'ot or loformatloa to a court ot record. eXC<"Ptlng crtmtual
...-here Juditm,•nl ol death bas Ileen reudcred. Said courts aloo
lllave appellate Jurt,dlctlon lo all cMe<. matters and procecdloga
peo,llo~ l>clnrc tbe snprrme court which •hall be ordereu by the
supreme court to be tran.slcm:d to a district court ol appeal tor
tw,nua: and derision.
Supreme Court. llas or1~nal and a;,pcllate jurisdiction. Jn the
Uerdsc ol orl~IMI Jurtsdlcllon It sbnll h~vc po\Tcr to Issue wrtts of
g'a4vDell~:;:!~:, ci:lll~~~· ariro~~!.;'~~t~~~lt~n~r!!~:~~~ c~~Ru~:r~i1~~ht~'r alri~
complrtr <''.\t'rC'ls,~ or 1t:9 apiwllat~ jurlsdlcclon. Tbr ,uµn:me e::,urt
~'3
bn.~ ,1p~cll.1.t(' Jurtsdlc-Uon to .1.1\ c-:,'.'l:~'.t In equity, r:i::c-1.·i,t ,ucb a~ ar1se
lD th~ Ju .. tlt'\":\. cvurt~; ."d,o to :ill ca~(•s c,t law which Involve the tltle
.,. possr~-.lvu of n.-ul r:-=ta1c or the lcg.11t•r nt anr ta~. lrnpo~t. n,.~r,itlD~nt. toll or muoldpi\J nne. or 1u wh l,:-b tt.e dern:lnd C', "lu:-11\•e ot
IDtf"n•,t or the v1iluc ot the property In contro\'t·rsr 1\llln\tnt~ to
1%.000; al~o In l'\ll ~IIL"b proh:ttr m:\ttrrs I\." m.:Jf ht• prn,·ldcd t.y IA.w;
aJ~o au Q 11i>~ttons or 1,1\\" ~dour In nll c-rlmtn;tl c:a~<-s \t'here tllr Jutlt:"nH•nt
of d~nth b :"" hera rC'ndcrc-d; thr said court nt.:m h:1 ·~ ap;>t'll.-\te Jurt!ldtc-t1vn tn ~ll C'<'\"t('S, m ., t t ,·r, ant.I proc.· 1..•t:>(tlu~, rw11dln'! tJdorc- a dts•
ir~ct court or aoiJ<':\1 wt1kh shall br nnkn· ,t l,r tbo aupretuc court to
be trt\u')ff'rre,l lo lt~df for hr•ar!n~ nud dt.·c!o;.IJD.
Pllpo .. ltton!". Thl" i\t•1)()"1\loo of " wltnt•11q out nf tht, State rn~y
be
~kt"n lllt1'll R Cdlll 1Ul'il't\.i11 ,s,.11,,<1 (rum th•! court
t1nd•·r l11t• s-.· :\I of U1e
eoun.. U;),,U .HI urd.-r ot ~he court. or 1t Ju ,l\!(· or _111-:tlc,· tlh•r\•r ► C, ,,n \he
appllc.'.lthHJ or ~lthPr party. upou lh·c- dttr~· predo11q n11tlcl' to the
Ott,,..r . If lhe court ht" a Jus1.ice·:i Ct"lUrt. the• CtlllllHl~stou ~b .1ll have
•tt.-1rhed ti> It a C.X"rtl!lcatc un •l ,• r ~t:al by the couut;, rkrli ot 9,11111
county \0 tti,.. ~n,.ci tb;1t tlJe 5.Jl'fSon ls~11 J ru{ th~ l'\(lllle \\";ts :,u tH.'liU(C
)u"tlet· or th<' P"'.l<"e f\t uu, .i .,te or tbt• e,,n1 ,nl .;.,lrp1.
Jt \f<,u t·d to AUY
Placx• w\tlllu t!H• l i ri\t._,.J Stalt"c1, It m:1y Ut: dlH-cti-d to A pt:1~011 a:.:rt,·d
:t~':,~)>~,~!1;~ p~;1 ~;n·,~t~~l;J~~~ ~~l.:~·;;l~;c\~~;
ltu1tlr,e
l!l'l\• h~
l~~)~rt: 1~;;: ri)~ue~ll:
It.
IC l.isu,• 11 to auy conntr)• out or the Uultt"(t !->Utt.ea.
J i rP1:tffi to" mlul."t r r. n 111 :1;\"'-"l•ltlor. con,ul, vtr-.-co11:iul. or
1,, L11 nc-
e...1n.,Ul;tr ar.-n,t or lhe lJnltt.: d !:ital~" In SUl'b ("OUlltry . or to OU\-' lJCr~oD
11111111 hv \ht· Jl lrtl,•.s.
Tlie co1111nlMlou must autU ,;rlze tbe
Co ·n-n1~~l -111t•r t.o "d1 11 1I,l•H~r an outh to tile wttn,-,.s. Tht• h~tlmou.y
•t" ••ltu ••.;-. 11u1. or lhr StHte mny he ta.k("n hy dcv,,sltloo In an action.
at l\'lY t, 111c :d11·r th•· ~,•nh-t• or the aum1110n~ or llle 11:,pear~n«· ot tbe
•ii ~,.~•l
df'rrn •l'\tlt. ; \n a ~p,•dal p1 ,)("1:"t- ·Hn2', at 1111y ll n 1e after a qu",.,llon ot
fa.ct h ,,-a I 1h ... [I lher ..•la. l>t:~'<) 's ltl1rn, Dlllftl hf' t.A~t'II "~the-form or que►
~'-'~\ i t !l
~,·r. The- W,Hd'4 or lhe Wl t llf"'.'19 n1U!\t he wrlU.t.' 0 down.
In
1n
\
•
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~h_f" IRlln••~l'l. hy th~ OIU~•r tal.lnte the Ue1~,1tltlon or
· ;":'fMlll AVl-J(Jlritt••t hy blru , JL 1111\l' lie la.kt·D t.lowo
• t h c.,,.t:i It 11, u,t li<> tr;1n,<"rlt~d t.o lon11 ban,t by
,,,' It ilo'"'-n,
\\ 1i 1~n oomplrt"d, t\ must Ue f"-Aff"fuUJ
Ital._ &rui oorrccted L>y h1w 10 any p.r\lcwar. It
1
kANh.lNv AND COMMt-.kCIAL LAWi;~ALll'OkNIA
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Al • t'f 111• lt'' ,11" 11 In '.it ;-,. ,, 11· , h'" J lC . ,. , Ip~ 1 ) 1•• ' . t ; ~<t, • qf ll ~, -' I .. • , .. , .....
l1r <I• 1· , ·1 • ( r, , 111 tl1t• 'lt\ ' t·. ti• 1 11 · ,, t•! t, , .. ,. 1 ... , •. 't' 1• 11..1 1,-.11 ••C i.oe
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A : 1d If \ •• •· i"'1'•
... lll t'"Ol 1' , 1•• i lo hr ,11 .r t ' ••· '9 :1 I, . .... • t th~\, •••• tl.it ., .1110 •· ru1'1.
f'l.h,..I e t,dllOJ. lh•• , ... ill ,', •I• •O('I) r .. r I\ l• r111 , , • ._. tl 1 \f , ,.((', Of , f 1"\r•
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~ • t a c·111,u-.lt"'-'.I•
n 1rn t or 1· rotrl•4" i , ,. u :: i. l rn\ to t;1•" a CA"f' ou\ of th,.. ot.>""'" , ,1, of
the tt.AUt\.e of l l :1,1 1,,t i..> U,,. UD•f"IWI thfl MIi,(' ,. lo wr,L,, ... a 1..•11 ,1 •• ,
t'. 1r ll'\ f '.)' to II<" ('/ ,,.~ I
l',-.rt p.,)· :11 rr1t -a1ll Q,) \ l•~c tl,r <""'e.t' ,, u.t ol
UH• •~•tut.A! uf U.u:..1:lt•n.J.
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Digitized by
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Google
1322
HANKING AND COMMERCIAL LAWS-CALIFORNIA
~
lllm.
Tile term "1teckholdcr"'
UL4'1ldS
g:~~ ~Ftb~rlJ~':!,..?;.oc::°!!:'! ~~,t~~llolau':..!'rr.!i'l~~~r.~' ~~i
t.o every equlu.ble
owner of stock. <hou'!h the same apµr.u3 oo the books in the name
ot anot.ber. and al!<-o to e,·t•ry µ<>rsoo wllo bu advanced U.c \na:u,lllDeD.\& or purchase mouel,' ol stuck ln th e natne ut a mtoor. so loni' u
t.be lat.\ler rcmaiOR a minor: ti.Ud a l~o to C\'ery ~ar,Uan or ot.ber
11"1.18\ee wbo voluntartly lon•!it!'I aO!f tru~t tuods in t.llt' i.1.ock . Stock
o~il~~ '::;:/:~:~ ~ ~f;e 1
• at.ockboldcr, ~xc, pt ln th e c.tsr ahovt· mcotlonc t.l. so as t-0 charl'C
lalm wltb nny pror,ortlon of tile debt.a or llabllltlc• of the corporation;
but lbe plc<llr'Or, or J)ersoo. or est.ate repr~utt:tl ls t.o ht· deemed the
tlt.Ookholdcr aa rupecu such llat,llltlcs. In corroratlous bnvlnir no
1~,~~d.r,;/1?.:'~':;)I1~~~ 1~11~; ht!;
~~l.'::tf~~ci:,,f "r~h ,~b~b~~~•
Crouc::ht ae-alu~t him. cit.lier tilunt, or Jointly WlLh other rncmhcrs, \o
en.force eucb llahllltli,! a.s 0)-' uus ~c,ctlon ma)• bf' Urou~ht agnlnst one
•r more •'<><lkboli.lcr-. and •lmllur julll,(1oeni.. may be runi.lercd.
Courts. Tenn• and Jurlsdlctloo. Ju•tloce' courts hAve civil
8
0
1t 1thc ~~n~~\1~1t1'i~ed:i;~~i11~fvt~1
cst~\1~~~
:~1Ju~{
to U00. aod the Jnrlsdlctlun of a Justice or the peace In all oaoes
wbere money ju,l~ment I• reco,·er6hle I• llmlte<l to Uoo. Z. In
-'ons lor damnire• !or Injury lo the r,en10n. or for takln,:. detaining,
or llllurlnc P<· nonnl property. or !or Injury to real propc,rty, when,
ao lasue is rtLL8ed b:r tllc veri1,etl 11nswcr ot the dd r oda.nt lnvolvlnir
lbe Ulle to or po-,1elon of the same. If the damnircs cl.,lmcd do not
amGIIJlt lo U00. 3 . In actlow, lo rcawer tbc pos.St·sslon o! personal
property. U tbe Yalue ol auch r,ropcny doea not amount to $300.
actions tor " fine, penaltr. or lor1cltun, llot amounting to
nt:••·
II the partlea airrec In ,,.-rttlnc so aa:, ol.ller mode. Ult "'_,.,.
ao agreed upon mu•t be followe<l.
Depo•ltlow; In thl• Su.te.
Tl,c t<>stlruony or the wl'-'>..n 11 ·t.11
!l ~~~~~a~oeanofa~~~~t.'.o~~n~''I,"; ! 1~
~!~.~~~J(;i. ~!J~~~t•o~P;l!1:~ ~hebtoid'-f:i~~;t!~ :::Vlf..:'~l.:;em~~
proceedlnc after a queatlon of fact l>u ariMll tberein. .la c.:n.a
f:':o;8
\t\'.1i\~\~;'.
tV~:t~\
~::~~~~?};
enumerated cM1cs.
1
:::Oi
Depositions for Use out ol the State. Any puty t.o an ~c:la o<
•peclal prooet,dlnc ln a oourt or before a Juclire or a !llater state. 1:.01
obtain the testimony ol a witness resldlni: In tbla State. w ~ ..-, 1&
euch action or proceecllnc. ln the CAsn mmdoned tollow1ntr : l! a
commtH!.lou to take auch testlrnony has been l9suN1 (rum thr- N"~:""I..
or a Jud,., bereof. before which 1uch action or proeeetlu,r I• r--~clDI', on prc>llUdn~ the oommls•lon to a /udse or thr- "ur,,~-.c.or
oourt with an amt1n,1t a&tLsractory to him o the mat<'rfallt:r 01 '.>e
tcsthnolly, be 1111':f ls•ue a subpa,na \o the wttnesa. ~ulrllllf luw ,.
appear and t.estl!y bdorc the aommlSll!oner named In the cx,m,,...
slon. at a apeclllcd Umc anu plaot. U a conunlalon hal not ~
~~i~~~~ ii.,•=~•!':'.!t{:;!~';; i:.,e :i':1'"':~ OOT°i:'!'t ~~: ~ ; ; : :
i!::e~~":,~• :t':~ ~fn~r C:~nota.~11al.:.,:,~a3-•T·i:
aooordl11r to tbe law of the State wber<' tbe aot.oll « ..-la! p ~
la pending. t.he de-lUon o! a wltlleas taken WIider sucb o=.,.
stanoes. and before ouch Jurll'tl or justice. •W be ,-Ind ID t~ -
:.%t,..,S.:S':
,_.,n
-:=eel~=~•~~.:
:~::-:..~ID~t~fy
!t
tbe appearan~e ol tbu wttn.,.. tlle Judn or :luSlloe an•t ,....... •
testimony'° bc taken ID wrttlnc. alld mun oentty aad craaa,nti i .
a&me to the court or Judlle belon, Whom the 8Cll.lon or ...-1ac •
pendlnir, In web lll&DDIII' aa tile law ol that 81&18 reqwlra.
0e~
%.l!::::3nto~~o~0 ~~1 0~~ed 0
~~~'i,n\:! , De~cent anG IH ■ trtbatlon of l'l'eperty. PTol)effY. both ra,1
ll"llaltY may exceed thllt ■ um. 6. To t&kc and <'nter Jud,rnwnt for
and pen1011Al. of an Intestate puses to-bll belnt. A wrvh-1nc Ille recovery o! money on tho 0011lenlon of a dchmdant. when the
0 0
0
y
~rt~ff!l'u'W:i~'fbl~rm· ': ~I~~
aaount confesoed. excluslYe or Int.crest. doe,; not amount '° $300.
t. Abo c:oocurn,nt Jurl1dlctlon wltb the auperlor courts. wltbiD I.heir
ln~ude propeny aOQ11lred by either husband or
by
=
::.ct;~:~yn~~!~~• .:rr;l~~~lo~~l~~:~n~~.:r"1!~-~~~ru;-~~~ ~Ii}~ i
.t AIIJ' &air.. lmpoot. UIIMSmenl. ion. or muulclpal tine. r.. In
!~ io' 13ti~
Tt1:.e~~~
::rr:~~ ~~s~t~h~n I'~~~~
~'ta~~/;e~~
o:..~~t~~':it';r,.
~ not e1.ceed UC. per month, and tbe wbole amoullt o! dam4&1med does not exe.,ed 5200. Also In Rctlona to enforce and lore-
rl.,': .::.~n:i.:~~:;-g~~.,"~~':'J; :~~~:;e~:,i,:~o~r
amount of tbe
•Superior Court . The Jurlsdlctlo11 of t be •upc rlor eomt Ill of two
lli:tllds : I. Orl~al. J. Ar,pe.llate. Thr iru1,erloroourt huorlrlnal
lotion ln all.,,..,. ,n <'QUlt.:r: In All e1,·11 anion• In which tbe 1111>o( lltlc«tlon l1 llOt capahle of l)l·cu11\llry estlrnatlon : In all at
whlcb ln,·oh-·e th e tltlc or pos:,;,•"'-lon of n ·a l pro r-erty. or \be
1oo/1t,:!;.:.tt~; ~~~
0
~/•c:i.~~;,';r~•tf: ~~t~~=~:
MDDunto to $Joo: or acUon• o! lon:.lhlr entry ,.oJ dcUlhlt'J. of proeNdlnt"S lo lnsvlveocy: o! a.ctlon~ LO prc\'e.&H or ahate a nulaa.uoe: ot
ell m&ttt"ra of probate. of divorce ud for annuUrucnt of marrlace:
Md of all aucb Sl,)6Clal ca.sea .. ud 1>roceedln~• a• are llOt otherwlae
.,-ovtd<'d tor. Tuer also bavc pow..r to I.sue wrlt.s or m&ndAmus,
=r--:
~D:'t;~
Clllrl't1orar1. proh1hltlon, QUO warranto. and of hat~a.& corpu!t on petJUou
W or Oil bd>~U of auy perliOn ln actual cu•LO<ly In their roapecUve
901llltl•. InJunctlous allll writ■ of problult.lOLL lllaf be 1.. ucd alld
•nted on leir&I holluays &nd non-Judicial <.lay,. The 1uperlor courts
lll&Ye appellate jurtsulcUoJ, In ca»e• arlaln<r I.II Jwtlc,,,.· ADd otber
IAlerlor court■ In tbdr respective cuuotlcs provided the api-J be
Uken WltblD thlrtf days of the Jud,cmcnt.
Olatrlct Co11rts o Appeal. Tbe St.. i.e Is divided Into thrM appellate
&l.rlcta, eaob of wblc.b bno a court of appeal• wltb l.broo )Wltlcea.
~ ,~~!r~t~~n&~~r~~!~ ~~~ ~:~~:~~
Jl~~~,~~dnibe~beoo"ue~r~
r'!o~
f : t ~ 0:ouu\t~r o~1~~~:~a'i 1 b~h..~e ~~~;!;u~rwt~~rf~~~~l';[ ~ci,.·~~\;~-1
lbe aupcrlor court» lu all cas1•4 at law ln wU.lc.h t.be dl•11u1.od ex.elusive
lut.cre1tt or UJe value or I.be pro1~-rty ln con troversy amowits to
aaoo a.ud llOP, not &UIO\lllt t.o ,:.ovo; &ll!IO to all C&l'lea of forcible
euuy aod ilf'lalner {ex.ct:pt aucb as art~~ lu the jui;tlcca· court&);
lD prOCt,CJln\!"3 lu ID!-•.>ln:ncy, amt ln acl loo.s to pren~nt or ahate &
.r
:.~'/~'!~1tn orp~~~-ll ~~~~~lo~
10
11
~l~~ ~fl~~
!~~l~r:ir~ c~~dd~~o~~~lt~c:i°d
be prol'ldt:d b)'" law (CI.CleJ)~
bur In ca•c• In wlllcb a1,i,cll<>t.e Jurl .. tlctlon l1 rive n t.o the •uprewe
ID
IUch
eouru:
Olbcr &pc(.'iiill proc~d lrucs
&.'I 111 :,y
al~ on queailuu~ of law •luoe ln aJl e&.1e1 prosecuU'<i bJ
ln c11ctmrnt or Info r mation to a court. or record. cXCC'ptlng crtmlu.al
ca,ea where Judimeut or dcatb bas Ileen rend ered.
Said courts also
lian appcll,te Jurisdiction In all c."e•. matters an •I pmc,,<'dlnira
pen,llnr before tbe supreme court whl ,·h shall he ordcrt.·<.I by tbe
,rupr,.me co urt to be trllllalcrred to a district oourt of appeal for
be:ir11ur and decision.
Supre10c Court. Has or11r!nal :1nd a:,p~llate jur1sdletlon. Jn the
u.rrd!'lc or or11:in:,l jurbdlrtion lt shnll h1\VC power to l~sur wrtts of
mandamus. Ct>rt1orart, proh!t,ltlon. an1l hnhras corpua: tt shn.11 al-;o
have Dt>Wl·r to l!..,nc all other writs n f',•c.- ~,., ry and proper for the
complrtc es,: r cisf' nf lu n.p1.wll :1tc jorhdlct lon. Tbr ,11p rc mc c-:rn rt
bM .\D:')C'll'\f (.' j u rtsdlr.tlon lu n.ll ra<Jt"'!I lu l'(} Ully, (",:Cl'J)t ~11rll a" arl~e
ln tht"I ju ... tlct'!\° CIJ 1Jrt ~: ,1l!l'a In all C.'1 '-C:S n.l l nw whkh ln\·oln~· the title
er J)0$5t'!--'-:vn of n·al C'"l~ l l<" or t hr. lc~a11,y· ot any t:t'\, lrnpo:'\t, l\1'"cuDlr.nt, toll o r muo:c-l;,:1.l flue. or ln \\"h i"h tt,l" c.Jeml'\nd e,rlu-tlvc of
lnt~rr,t or th ~ , ·t1.tuc or lhf'! pronrrt:r In con tron: Ny ., 11 10 11nu to
l! .000; al i:> 1n 1\11 "l !h'h pru h:i t,. r~l:\tt<-r~ "~ m :,r ht• pr,w l 1kd r.;· lnw:
&l!'l-0 on cp,,•-.t1011~ of IJW ~1ln11 t' 111 a.11 c-, t:n!11.11 C',,..,i:-, \1' h t·rl· tui• Jt11\~m t"nt
or df'ath b ·\..., ~w<'u rrn dcr!"d; the s3 l d court nho h .1 -.1 apiwll.1tc Jurl!ldkttvn tn ~!I C"a'I;,:-,. m it •. ,·r, ~nd prn c ,._•rdlU-!1 1w11 , ltn ·~ tir t or(' a tllstn.ct <"'a"Jrt o r 11. v11r :t1 w t•'.~h sh."\l: hf· or l 1·r•••l hr ttlc a:.:.L)rcwc court to
be trti.11 ,!crrL·tl to lt.,clt for h(·a rin~ :lod dc-cl""l.Ja.
.
Ut'po .. itlon~. The dt.·1•0..,ttiou or a wltnrll, nut or thl.!I State m11y
be l1t.a,i.f'II 11i ♦ nll I\ com :ul·~~l,1 11 1.;-.u,:d from th t~ cuun 11nd ◄ ·1 llw s,:, d 1>f the
~uurt . u;, ,,u .111 ordt·I or '.he court. or a j 11•k1 • or J1J•'tlC't' tt1,•r,•,~t. ,,n the
&J>11II C"s l1.,u nt eltlu•r pany, upon Ovt' dci)' -4 ° pn•\'111 11<1 u11tin_• tu the
Otl1,., . fr lhe oourt tw a ju:-.t1,·e·s ('.Hirt, \)\(" C'tlll\lll\!'1-.lt)ll ~h dl hi\.\'C
&ll \('htd tt> It a ccrti!lcate urit,·r s<.·,d h\" U h• oou11ty ckrk or 1Jtld
co1111ty to thi-- cnf'rt tb1,t the pt·rson l.-c~t11 fll( tli~ sc1u1e wa~ Jlll ac\lul{
Ju•H lc,.• ot th(' i,1, .u·e 11t llit• ,l lt• · of lb <· c: ,,111 •11( , ,ln'l . It lto1..,Urd to Any
pi:1.1"'(" Wlt hln t \11• 1_·nlt!J\I Stlt.'t"':1. It m .-,y Ut· Ulrt-cl!'J \.0 11 11, ·1!'-vll ,u• rf'••d
~;1,/~l;~it~;e,t~~ ;~~:~r't 'i,7: j,~j~~~tl~
: r,~71:;~~~ll~~ p~; t ~ ;ti'1~~l~:1,::~~;
U.ll lr.t._ 19 , ,1\ 111[ lt.
It L-c~ur il to ilUJ' countr)'
lt
OUl ot \lu; l.Hlk<l. ~U\t.ell .
I,~ U .r f"t~lNt to" 111tn :"l ti·r. n :11 !i:,'4.l' f\dor, con,ul, vh't--- e,111:'iul. or
• on -. 111,H 1'~\'IH or the I Jnlt.rd ~t ;\l("~ lu !llt' ll ('OUll t ry . or to lt UY Jlf'rl'luQ
tll 'I\'
•i: :•.'\ d
111",n hV th r fl"\ r•li-t .
T n e f'OmllllMlun mtllll. ;1utb 11rl !.f' lbe
Oo :w ul -., 1 , n .. r to 11 1ll :: 1l,1 .. 1f"r ao oa t h to tli~ \4 l ln,•,i, .
Tht• Lrt.tl : uouy
0
•r
I\ V.ll h ··~ .. 11 \Jl ilf lht• !'-i~:t'(' 111 .'t}" l,e t &k~n hy ,frp.,~ ltlon In 1\0 &c llo n..
•t 1\:-t!,' 1 , 1 uc :,C t,· r th• • !wr ..- h't...· of tlJe ,u ,11 111voa or t llc n:•1tt•arn11N·
lbe
4f'f ,•: 1 1·u ,· . If, & 11.p,·,: l.J JH · •<·••t· 1i lil(. al 11.nr t1 :11c •ft t• r a CJUf'.,Ll f) n of
or
t-. i:-t 11
f,'
t.
,
- · , • he1 f'\!L
, th·1 hf'
I >q .. ,--- 11 l,111~ m1J!'lt. h t" lAk t.' 11 lu t hf' fur III of qUf'9-
,l, ot tlir \L l : u,.,, IJl\l"l.t. he w rlLtt•n tl1Ht'D,
r \'"ltn•~"- h}' th~ ofUf""t'r lllklha- the df"1•0 11ltlon or
1 JM"" t"o" av1,0 1r1t<•d t,r blni.
ll 1111\Y be taken Jowo
' "'Ulch f'..,11e t 11 11,l tw u ,1n11rrlhPlJ lo lunr banfi by
1,,1,·, , 1
,'' '"' It do-An.
\\ hrn oo rr q•l~VJ, It JUU.llt b~ C'8.rrfuUJ
... •U.aON awl ourrcctNJ t,7 h.J.w ln &11,)" L>&a.rLlcW&r. U'
s:=-:
::.~:~d
:uc~1~J h
-..We f:,n. ~...-.
~~t'-:ir.~.d~~g\e1;;~~u, lae~~a: K~~ 1!r'f.!,1o,:~Tt.:=
~~e~~i'~"uC: o't ~!~h°.f. rnu~~'!1.i~:!f~\\~ :-1Ji::.~ ~,'!~
or wife and eblld or IHU§ of ouch child . If a aut\1Ylnc b.u•bat:d .,
w1re and more than one cblld 11,·1nr. or one cblld 11~ and tM lswftll
laaue or one or more dee,,asNJ ehlldren. one-tblrd to th<' nn-1.._
:.,~~~:r..
: i ~ l ~ ~ ~ . & ~ ~ ~ ~ h ~ ' l , 8 ; ,m~f ~l~~
~e~,::::, ~ou c~~';. l~~~"t, tf'i.ee ~ g e r r!.°":r ~~~ .!:':;
decedent they &hare equal!>·, othenrlac bF ,1rln or re-t&U■L
U the deoe<lcnt leav• no ourvlvwr buM>&Dd or .-ua. the whole_.
roea 1,o \be laaue-tbe 1.-ue or cblldre.11 u.lllDC b>· r1a111 or n , p , u.tlon. U tbere la no laaue the e,nat.e on&-ll.a!J to \Ile aan-lYIK
buaband or wife and I.he other b"lf t.o the t&Uler aad mou.er la ecilllll
~~![~,. :ii~ ~:i,~n~~ '°oe'!1"1nau~~J°'.i,~.,.~~ ~~
11 I.here la no taaue. or ~IUllalld •
~~ t!" d'!'.'~~''tf:',~o ::.ira~~~ ~~~=.:".:r■::=._--_:
lo tho cb1klron o! any ,i.eooa-s brother
0
sisters or to their repre5(;nta~vea.
or ellter by r1clll or rep~
Nnta\loll. l! the deoedent leavN a wnrlvtna bu.b&lld or wUe. . . ,
nelthoc IMua. father, mot.her, brother, nor ■later, lbe whole _....
sooa to the aurvlvlur hu•b&nd or wUa. It I.be deood<-ot ,,."..~ n.-lU..
la•ue, bu•band, •lfe, !uthcr, mot.her, brotber._nor &lat.er, Uk - I A •
must ro lo u,e neir.t of kin In NIUAI dc,cree. ·,nae a,. tt1c pr\Ac11181
provlalooa or the law ol ¥U00t·"8l<>11. Tena ..cJ by the coun.esy II
known so oi,r law. ll Lhc peraoa dla tff\ale. all prope~ •
dlrecled by \be wlll.
""°'
~l.u:~:::~.;;
No~~~r:~>- =-~~~~",.!mt:;i:~:.-.s~:.,e..n~r,.:.,
An execution inay t.e l&ll1~ itt uy u- w1u,1a lh..- y,ara afw-r &ae
entry ol tb~ Jud=tnt. and alter the lapee .r D,~ F&n llae Jod"""t
may be eoforc-c-J or c-arrlcd Into ~1.ecutton bf" lun- of c-oun u ~
0cit~~~f Jt~i;c~~:1otnf~i~-: ~1~!,.':;'~t'n;~u:i:ecdp~~~~J~~l~t .[;~-;:
m e at dehtor nfter his death. only If ~c JDdcn><'nt be lor tteo....,J er
~~p~~r~~:tf~Si~cd0 ~t'li~nei:i~:~~~~
all .
Eir.unptlona. The followlnir Pl"OP<'rtT la eumpi from e&ecut!oa.
l . Cbalrs. tnbl.,... do.sk•. aui.1 hook•. to the valu~ of $%00. I . :-,;,,_
:r~~
;~c~~;: no:'~
~-'Jw~~ul~~~~~~u~a~:~:. 3;~.r~~l·llll~~l-hl~~t~~\~0 :iti:-~~1:.1~~
~! ~~:f'!{i~.~~-}~~~"o"r
~\{ef)a::1~1
aujo~•~~!·n~~~-l~l~~c;fu~
Jamlly, au~ b.111Uy pon.rnlt'i, an,l Ua-f.· D~C'CUJ\ry fram("s. pro,·~•
&elU :lHY µrovhll·d for lull I\ hJua.l ur ta.wily u.se euffidf"Dt for It. r--..
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BANKING AND COMMERCIAL LAWS-COLORADO
132&
~~bb~e tC~P~'"%· ,~~';jjd ~ evx0i~c'f!~0 ~ 'f;otte di~;:.c ~k~ot~
ell'D oorpoTatlona opeT11tlnr In the State to acquaint them1elvea tullJ'
wttb !ta requlrementa. (See Guaranty Companlea; Trust Companies;
1'ranater of Corporation S took.)
Oouru. Jun 1cea of the peace have JurtldloUon ID matten lnvolve = t 0 ~be~~~rn1!'fr'!~n1
1nTg~v13~t~
la tbe oourt of 1eneral Jurladlctlon. The 1upreme oourt la the oourt
of l!nal appeal, and aJao h as 10me orl111141 Ju rladlctlon. aa In· caaea of
ubeu oorpua. mandamu1 and other remedial wrtw.
t/.oJ~
,!
':.f~::~.
i!.":..1:
Daya of Grace. Are abollabed, (See Commercial Paper.)
DeposlUons. The d epoeltlon of a wltuesa ont of the Sta te ahall
lie take n upon commission lasued by the clerk of the ooun where
the 11\llt le pe nding, on the appllCAtlon of either party, on l!ve days•
~ge ";,,~~Y:a~~"n~
gr~• 0~ 1p;~~~ hein:!::.O~~~~e."r~0 ie n:t'ia~h:~a~
t'fmay t>e lesued to a peraon ar,eed upon by the partlea or to an:, Judge
ri:f;
rori:t~e"fsi ~~l : 04iar~ ~m':i~~.m!~!0 'a~p~f1IT~~! etn blt ~~~
and Terrtt-0-rlea, or to a notary J)Ubllo. Tbe ad vene party m&y fi le
and have a ttacbod to the oommlallon such cross-lnte rroga to rlee
u be ma y d esire.
Partle1 may arree by written sti pulation to
~?~~l~oJ'ir~~l:ri ~r~~~J> ~ &:~_oause shown, may obtain
::•:Ji~~
Dftcents and Dt1trlbutton1. The est&te of a n Intestate de10end1
one>-ball to the survlv1D1 husband or wife. and t he re1ld ue t o the
aurvlvlng children and desoondanta ol chil d ren , II a ny : II none,
Shen t he whole do1ccnd1 to such 1urv1v1n11 hual>a nd or wile. E xcept
:u~n~::1: ~~~'i'1v1!:~ a~l't':e C::ee:~'la~r;<;,•,tt\~ i:1~~~~·~h~ 'a reTge!i
lbe d C8cendanu coll ecti vely &&ki ng the sha re which their pa renu
would ha v e taken II li ving. z. If no children nor t heir descenda n ts,
$lien to bis 111\her and mo t he r, sh.a re 1.nd lbare alike, a nd I! on e d ead .
lbe n to t he other ; If no father or mother, tben to bis brothers and
slatera, an d to d oece nda nto ol b rothen, and olste n, who are d ead ,
lbe d eaoond&nt-a, oolloouvely, taking t be share ol t heir Im media te
anceato rs In equal puts. 3. II none ol the lorel{oln1 living. then to
lbe graod la t hcr. grandmother , u n cle1, &un ts a nd their dcscenda nta
Ille deacond&n U uklng collc<nlvely t he ohare of t heir Immed ia te
anoeatora In eq ual 11arta. 4 . II none ol t he rel&ttves above on u•
merated be living, t i.en to the n earest lineal a noesto r and th e ir deeocndanto. t he d csccnd& n ts collecti vely t.> k lng t he share of th eir Immediate
ancestor• In cq UJll pa rts. A U poethu mous child re n o r d escendants
of t h o ln test.ate, Inherit 69 If born In the llletl me o l the ln tcs t&te :
and all childre n ol the ba ll blood a nd a.II Ieirally ad o1n ed ch ildren
allall Inherit as child re n ol th e whole blood.
IU01ltlrnau, chUd re n
lnllerlt II J)Are n ts su lJsequen tly Intermarry .
Dower. Dower a nd curtesy a rc a bolished .
El<eeullons . E xecutions mn y he lsauod Immedia t ely whe re no
J,p peal I• taken, and w hen pla ced 111 th e hands ol an office r beco me a
lien u pon 11II pert!O n&l p ropercy ol the cl cl>tor not exe m pt, In the cou nty
IO which It ls Issued, a nd It m a y be d irected t o the eherl tf of a ny
oouncy In t h e S tu t e. Execu t ions mny Issue u po n Jud gments at a ny
itme ,vtthln t wenty y ea rs rro m t he da te ol e n try, bu t fro m n nd alter
twent, r ears l rom the en t r y ot Jud tm ent. It Is oon•ld ered aa tlsfled
unless re vived as provid ed by law. Deb t or or lega l represen tati ve
bu •Ix month s to red ee m la nd from sa le under e xec ution. Judrment cred ito r hno th ree mo n t hs arter ex piry f said six mo n th•.
Exe mption s . H om estead . COn li lstln g ot t own houso a nd lo t or
IOtll, or or any fa rm to th e vnlu c or n,H to ex ceed $2,000 , Is exe.m p t ,
When such homc•tcnd has been e ntered o r re<'Ord a s eu ch , a n d Is
occ uple<1 hy " hou sehold er. t he h~a,I o r & la rn ll y . P en,o nnl p ro pert y
e1tem pt ln cluclc• a ll w carlt tl( a pparel ol t he dc ht o r e nd bis fam il y
pi ctu res, iitcho0l honk~ ant i l\h rrt. r}' , b~11!f:I a nd b edtl l nf. stoves. coo k •
tn r u t ~n~ll" , and h o u ci: r ho ld f u rni t ure. no t ex coedln t
100 ; pro\!'lsl o oa
and ru cl for sl.'< months; t ool,. lmJ}l c m en ts. o r ., t o ck 111 t ra d e. u p t o
• 200: one cow 1'1.Ucl catr. te n "-h r-e p u. ncl ncces-,n. ry too rl for sl.t m o n th s :
w o rk l n~ n r1imnls . n p to S:! UO : th e llhrary a nd t mp lc mr ot.!I or a p r o ..
tesslonal m :ut up to 5:\ 1JO: one hlc y rl e a nd o ne sewin g- m a C" h ! n e
Perso11 ~ not Lllc- heads or fo11 1!lil•:o1 1trc:- t:t11 l tlrct to t ool~ . w orl,! n t{ a nln1a1s:
&nd stock I n trad e. not c: ~c-f'" 1 •dl ng $:\00 I n v alue. \ \ ' h en debt or
II beau ol ramlly , o r wire or hc11 d or rnmll:;,
uo per cent ot
wai:es
due a t tim e o f levy, u od C'r ex eL"Utlon . n ttn c.:hment, o r i(ll. m lsh m en t .
1s t-.,: rmpt, whe n !UC'h t am !lr rr.111 1dcs \n the St:tte 11.nd 18 drpeudn n t
Wholly or p11rtJ31l y Upo n ,urh e11rnlu1:• ror su11r,or t , II Sll t b 1<ae;es
~~e~~'t,C!l cCc'<l $~ per week a t t he time or le \' y, t he y a rc eDLlrely
Fra ud.
Partlea to any rra udu lcnt Mlc ot any lan rl 1, iOOds or
cha ttel s. o r w ho coucc.u l. scc rcw. r cmu ,·e or dl~i•ose o f a ny a-ood 1
or chat tel s, o r nrc p.utlc.s to
n y l>o uU, tiu lt, uJl(1nc nt , o r cx o.
cut.1 0:1, oontru ct. o r co n,·cr #\n ce hnd 111atl1·. or <·n u tdvcd w ltb
l DLtut to <.h.·'iclvc u nJ tlcfrauU, or dt· Ct·a t. hludcr, u r deluy cr ed i t.o rs;
are cr lmlnu l1y llnl ,lc.
Que who !1urchn 6l111 ~\>1 ►<l~ 0 11 cred it u n<lor
a n n~.um O( l o r fll' llt.lom1 nnm ~ w 1h ln 1'-·u t tu dctni11U t he seller :
or h.r\\ \111,{ purc-ha:,t•d li('ooJs o u cn~d Jt 1duill. with IHtt: n t, tu d el1 n 11c.l
\ he st'l lcr . Ht.. ll, hypo Lh cc-at e, o r otlic rwl so 11 1.,r,osc of th em out o r th e
~~ ~ gi ~r~~li,~1r01 :;~~:~~· or sccrcto blmi.d , o r a U~co nU, sba.ll be
buaband and wUe &nd In relaUon t hereto Ibey ma y be sued
or aeverally, Either husband or wtre 11V1nr torether can i,eparawtJ'
declare property ot record In t he name or t he ot her .. A B lte&d," by an entry of reoord over hl1 or ber el!l'll&ture. N etlher mortpltfl nor convey bomeatead withou t th e signature ol m e olker,
and wife must acknowledge aeparate and apa r t rrom ber busbe.M..
~~:?•:y ..~~":~.
:Of:i'Z
g~~ur:~
be1
ra tf-t,~
1~1~S\o~"e~ agK
bllls , promissory notes, and Judgme nt• . Countr , town . and dt7
warr-an t1, and ot her 1111:e e viden ces or certificat e• o munlc1J)6) ~
ednet!O bear e per oent Interest from preae n tAtlon.
There ue •
usury laws.
,lud1P11ent1. A tranaortpt ol Judgmen, may be II.led Lil t.he oac.
ol the ooun ty clerll and reoorder ol any count y In t h e
14~. aJllll
$11ereupon • uoh Judrment becomes a lien upon all real prol>CrtJ'
owned by t he Judirmen, d ebtor In t hat coun t y. . The lien bolda !or
six years from the d a te u pon whloh llled (a nd suoceaI,·e l ra.n.acr1 p'9
may be Died.) A n unS&Llaned Judtme nt sho uld l>e rev1 v ed c..-ay
twenty y ears. (See E itecutlo ns.)
Umltatlona. Ac tion• !or the recovery ol la nd mun be b roa
within t wen ty years alt e r &ccrual ol rt gb t . Act ions !or t he reco ~
of land1 ac t ually occup ied by a noi ber unde r a connected Ut.le decll»lble of record or undor tax or execu tion or other sal e ordered by
ooun muat be brough t within 1cveu years alter po
on
If title II &oqulred a lter tak ing posacsslon. sta t ute runs f n nn
of acquirin g title. Actua l possession o l land tor seven yeara
claim and color ol title with paymen t ol a ll to.xee !or sal<i pct1od.,
oonatltutes t ho posaessor owner a oeordlnr to t bc pu r pon ol
pa
tltlo. The sn me ls t m o ol vacant and unoccu pied la.Dds . UDI
ao1neo•
•Ith a be t t e r pa per title pa ys t he tAx"" !or oue o r morn year,, d urtDC
such t e rm ol acve n y ea rs . Ac Llons ol d.e bt fo un ded u p0n conttacl,.
r.;~ ~~ea0r~· ~JP~:~; ir~~. J~\f;Pt~r ~ ".:'~~::n~gJ ~u~y o~~
tor waste a nd t re pas1 on land and !or re plovln . must be t>eru.n wl
six yea rs a l te r the cause ol a ctio n acc rues. Actlo na a pl nst m10
anrl coro ne rs, tor liability Incu rred by t hem In their offlcl&l ca
lty, sha ll be b rourb t within o ne year alter t h e cau•e o l c tlo.n "
also act io ns ror nssn ult a nd battery, r&Iso lruprtsonm nc sla.ndw
a n d li bel : a l so a c tions t or pc na lt.les o r fu rk l tures o t p enal F
tu
Bills ol rell el !or l rsud muet be Oled wi thi n Lh ree years rusr
oove ry, In case ol a t ruat not oogul118 ble hy t.ho oou rt.a ol oom to0•
~ '.it~~t,~l:x~\r~~ ~~rfri•p11! !t ~~t~oi:'n !~c: ~ ~ ~t3~s~;u ~~entSi~':!r1upo■
o r Judg1nen t or d ecree o r nny co u rt , m o r e t h uu !"J.'.t y C11.rt be f o re
comm encen1ent o f the a ctlo u , the atat.ut.e o f li m lt11 llon ! may he p i eat!
ln bar o f reco ve ry . Ir & Jud,cmcnt.. ba s Uoen rcnd or ecl wll ho u t •
State more t han t hree mo n Lh• l>eloro suit In t h is S til le, n J I t
on a cau se or a c tion more tlla n six y e:,rs olJ . such ca u 5e o r
c
oan be pl eacl ed In bar ol the )Udl[m ent. Tue cou0<lt11 tloo.a llt y
this latter pro vision ha1, however, been at tacke d . a ud ls ,·cry uo
Cul. {See 117 Fed , 400 .l
l\lattled Women . (Sec H usband a nd W Iie.i
l\fechanlo;,• l, len 1. Mecbanloe. ma t orlal-mc n , oonLr ctors. ..,~
con trac t.ors, bu.ilde.N. miners. and all 1>en,,•.m s or ev ery d ~ p,t1.rfur1 nw <
1;_.
~ ~ ~ Yu pb0~1irt~~J:,";,~ls:~i' o\Ji•J ~ r~~~~c~~ Igr t f;~ D~~c'~~ci!"!0 ~p~n
r
also a ll wbo h n. vc re nllr r&d their pro res~l ona.J, skUl e<l sci\ lee u~ ,
such s truc1,u, e. ha ve a lir n up0n t b e prop e r t y ; a.l&o t ho t"' \\ h\l w o r ..,r
tu rnlsh ma t erials o r mMbl oory tor tb o worklllle ol a wlnlt.1' ~lm
or m iner a l d c posl t . !hti ll U&V IJ & alm llru IJen.
L ieus rauk lD tb e
Collo wln~ o r d or : 1. L.a horcrs o r m c d.1.anl os work ln t, }' tbo •
or p loco. w i t.b o ut f u r nleh l ll.i' ma te rial. 2 . Su b-oo nt.rttc t o
m ate r lu l-mc u, w ho so ol a hn s are c t t.he.r CJJ tlr~ly or µ r lod i>.3. l l y for
materlal e,, m 11<'hlu er y or o t,h er O·u ur , 3. ,\ IJ vrtnclpa l cnuLr c c.o
Labo r ors a r e nl lo" OO ooo mo u t h , mn terl nl m en t wo mi, o lb. .,. a.u.J
1
0si ~ 1
~ t1L~t:1w~~l~~r~ t,~rr t~1~l i u 1~'ti1~:.
atf ~tt~~ ~ ~A'i1;~
lfc~t~~~::.
commen c~d w lll 1ln slJ< mo olbs a t ier oom plcilon ul \.Ii
upon wb loh It la 01,.imerl .
biu.
l\l or t Jtn i:c , . Ordina ry m o rtcnl:'tS on r ea ll• }~ arc tn t"O~ .,,::>n ~
also tlceds or trust t o a i,u l, llc lru "l t eo . Ir a n yone hut o. ~· r•.J' 1it
tru !lco Is na mn.t 11~ trustre tun deed o f t rus t , th r l n~trun1ent " J• c·~ ~
a m onc-agc a ud mu,; t Uc ro rC'cl o~cd u.s such
I n t,,u~e the p u ~,1 c :na:
I! n Am cd . th e prol)crt}' Is solc.l by hlrn as p r n , l1lt>d tn th t.· dt:i:•cl . a..r...tr
advcrtl,!,!fmc nt I n a oew ¥l)n pc r dt·shrnntcJ in the rus L ,1>¥-(1. 43:i
su ch all \. N tl~tm c:11 t shall no t be leS:s t han fv u r wt~k . L'µon
b}• the IHil,llc t rns crc. a r cnlflcatc of •~le 1, I 1u·d
I\ uc•.-.iu"'-'
~~c~.~'i1
rh~11 ~t1 ~~t 1; .~ I 1
o ~~t)l
D
Sr~~~1r
~\W,~~!l\ ut;~\· ,~~~; ,: ~:~
~ b ~)~,~~~!~g
-~
4
Thr struu t o r In 1hc t n tsL rt ccd . or h1M u~t~ .. m,1l' redrr: r1 rr . , -.., c
w lttJl n ~I x mon ths. ,\r1rr sit m o n ths, n.n1I \\l t h l n ular • net!:.&..
a jutlgml'nt creJILO r m 11r r l'd l'tlTI . A f t('r !h t· c--qilr,ltl,>n o f t! l ~ .~ r-l oil o f r c<ll'mptl ,,n, t h<" p111 ,:1 t tr u .,trr e~ r t·11tl"-., 1.li-•·U ' '"' th'-~ •
7
I. , 1~;" :,.
l o the hol dt•r o r t he Ol'rtl lk .'.ilC' u r s:dr. Whi!'h 1-. ;p, ~l l!ll'\ l •lt · .
\.I o n r r o m :wtcs o r t1 10ll .!'UC-ul 1,ropt 1ty t h e -.-,ue u, .;;:'\., :'\ · Hio!, r C'I ~
ctlllo n ~. A <I C'rt1 o r I n 1st. LJ IP1. hr 1•. or mort~" 1i.:1•. l!'h c Q to .... r~ '""?' a
dctJt, le u1 w nr11 rrltdc tiy !)Ult or 11rt1o n h t r 11urt uft,• r sl , ) 't.:.·H:t rro
t h e m aLu r lty of the d t" ht. (,Sec t t u&l>Ancl 1111d \ \ . lft- . •
,p
Note• a.nd Bill • or Exo b a n,re.
(Seti
...
Oom morr1111 Pa{><' r •
P n rt n..-rsh t p H. Ll 1ulted n.nd Spec lo l.
A
U·nltl'f1
p,, n.,,"
F ra u d -. , S t a t u te o f . T b c fo llo w l og mu .n he l o w r t tln~ : conm 11y con ~lff t o r ono o r mo r e r{<'nera1 pl\ r t n cN. Jolntly 11aJ
., . ~
\ rac t s f o r lc.1!-: l ng o t l n ndf f o r pcrloll l u ni.ro r thn n o uc r o" r or ror
lll\ l il c, u w l o ne or mo r f:" s1, cr l,d p&n U<u~ routrlb 11ttTJ1r " ... ~
th e a l e o r lands, o r a ny lntr-rr-, t tn ln udb : c \·rry tU{rt"C rnc n t wh i ch
a m uu nt o r CH!-.h o r prope r t y . w t.lo &ro not 11,'l h h- to r th ~ l1' 1, '4 • t t
by l tH urm s Is no t to be pcrrormccl wit hin o ne r<·nr; every sp<' r lal
p&rt ON~h l p lwyn ncl t he O OIOU D t. so oon t r l h H1t·iJ . On l y t h~ ~
pro mlso t o n n, we r to r the l il' b t , de fa u l t. or ml scun lai.:-e o f rt DOth er ·
p nrt 11on ra n h 111ll tbr r1rm .
A C<'rltnca u• mu<o1 t be ,;;iirn('otl a,·vn., ..,.
ev er)' 1ucrr-cmcnt.. prom l t-t·. o r umfr rt a k: l ni;t m :ul c u 1~n M H! hh-t.~rto ri
<'d(t' d, 1rn 1i11 .. 11ed, n nd 1\1,.tl o r rcconJ gl vln'J d ,·tl\.11~ u r " n ~,f""r..t:t. p
ot manln llC, C' .~ CCPL llllltllO I proml:-.C'~ to marry, anll C\'t'r;· CO fl tfHC t
All
PC-nlltllN
tloln i;: hll:'illl·h S t11a1c r any ll ftl llO otn(' r than lhl•it
t or the tJ.ll lo of u u ),· roo ds, c- tutt <'I! . or thln i:'111 lo o ctl o u . fu r the price
sonl\l u anw~. tnu~ t fi le 110 Rllld civt t sho w la ~ th't real p e ~ ln ~ tt
ot J ~O o r more. u nll- s:s t he h u~•cr ntT <"Pt.a h l td n ·cr1vc5 1m rt o r suc b
&ent,.,1. o r th ,• y 111ny n ot t, rtng sui ts u pou d'°bts duc. anll
l'()ods or t he e,·ld t·nce or some ot th, ·m, o r t he Im ; er nt t h l' t ime
co u, l ctoJ 3,ntJ nnro.
pays part or t h e purc ba! e mo 11cy, l ~co S4Ica or P er ou3 l l 'rupeny.)
r owe r ~ o t Attor n<"y. P o wr rs o r n.ttom (' ; t o r tb c con,·~
O" rn b h tn e nt . <Sec AttAc h men UI. )
of la rn1s must hr nck11o w l<.'tl i:'Cd l a t he ~11.m<· manner
d t'<' .
ll u,ban d nn d ,,·1ro r etain their so p.A r ate p r openy, rctt l. pr rsona J
mus t he rrro rd , d In the tsame cou n t y \\ ber<' ln lllC n:at pre>~ ~
•
a nd 1u1, od owut,d nt ma.rrlt..1~c. u uU a uy such 1no1h.:rt y wh ich sbn U
b e CO IIV<.'yed ls Sllll:llC .
oomc 1,0 cltht, r o f tb c rn liy lksN.·ut.. <lo, tsc, or i.>f•q ul·~t. or th e icl ! t
Pr
o
t~
s
t
.
(Sl-"e
Comrn
t•
rclaJ
P
aper
.)
ol un y µcu,u o, Cu r tl1 ('l r uwn th·ptt. rute use. .Sud1 property o l the
wile la not ll ,1Llc t o r the hu:.hu 11J ~ Jcl1t11.
\ \' lfo 111ny nt.ri y on trad e t
H f" (lf f' Vl n . A ' " r lt o r N" ll l~ vlo m11y l 'VJUC I D any ~u , t
n-,,rco
poc.s <.·~"'lo n o f 1wr:1onnl prrqw1 1y upo n n11n
a h()n<J I n tt ,u hl~ t
or l,u.-,11wb8. sue und IJo tiut·J. co utrac.·t. <frllt.s. und t:~l"C' Ule µro111l .;;5u r y
,•nlu e or tilt:' p r1 qwrt)r, with ttlll c1a v lt o f o wnt"r;h l p o r 1!~hl •, ,
DOtc.' ¥, tJuods, Ullh1 ot c1.c h6lll(U , n ud olta: r l11 :-tn111H' lll t-i J'rtcl~t."I Y ttl
!le-t-.lo n , wr1lnl,!"ru1 dNl'n tl on n nd ,·nlue o f p r o pcr t :r . etc.
tt ..... aH
ll IO le a.u J llil\Y con,ey l'Ol\l C"lt.alO \\ltbout t he ltu-,Ua n Jol11 l ul! ID
t).rnd In slmlla r amouu t. mu y be riv en b1 d et tudant ln ◄ buur> aft.d
tb o JooJ. Auy cJ1ti.t t c l m ort1.n.1t.<C upou. o r b«lc or. tho huU.!lil'boltl
lev y .
1'00'1,11 11-.eJ ]1 ;: tbo r.1 1nUy , u ud n11 y co 11\cyiu 1ce of. or mo n.caf.(O u pon .
& h o1111
,, uJ any ,1.o&J -,r 11men\ ut fut.urc wa..:- ('~. or :-, u111 s to hcC'o me
SA i e o f P t.' r "\o n I Pru p t" r t y , Ev~ry Mi c or M-• ti:-omf"'nt ..,r
d 11,·
,n. \ \fl( ll rl\ ,td(• by h u:st,.t tll.l o r \\ilc rt•~ l tJl1uc \\ltll t h e
4 m l CIH\lt <•l! In the fl o~-1,· -. 1,rn o r u nd er th l" t-o ntrol o f t •
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lit·•.
f'orpor .,1f,•t1•.
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!ndrOLUITY
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CHr) ~~gli~;z; dr~; C o'c5gle· · ' •
BANKING AND COMMERCIAL LAWS-CONNECTICUT
1328
The orci<n1S&UOD ree muat be paid to tile State. ot 111\y centa oD
every thousand of Ila autllortzed capital stock up to live mllllon,
ao~yment to be 1 - than UC..
11m~tf=':~ b:;o: 0
0J1~~:S 1
eriy. !k m'::fJ'r1~ gf'1
3,!
i J:f.i
:i=:
=:::
=ktt! !1:t':!f~!i~!. tllfn~nc:, f~:.slll: ~ \ P_J~f.;'a'-:t~n~
per90nally liable.
Certlftcate or orranlsatlon must be llrned and sworn to by a maJorltJ'
ot tile directors and llled In tile office or tile eecretary of state, aettln&
r,nt the amount or atoell aubacrlbed for. amount paid In cash and
bl property. namea and &ddreuea ot aubacrlbera wttll number of
area oubscrlbed for, statement that tile directors and officera bave
been duly elected and by-laws adopted, names and addre- of
•1rectors. tbe location of tbe principal offioe In tile State with tile
ll&l'De or the acent In cllarp.
There must be at I - three direct.on: vacanckle In directors may
lie lilled by remalnlnr directors.
Jfo atocll can be lallued until It bu been paid for In full. Recelpta
for partial paymcnta or atoek may be lallued by tile treaaurer.
CerU d - tor fr&ctlon&I abaree cannot be lasued. The corporation
11.u a lien 011 capital atoek owned by any person for debia due to
ti from the atoekbolder. Tbe corporation ma)' acquire Its own
•!4>~~e~ ~!l'Y~~if t11ree;~urtlla ot tile 1toekboldera,
Swekboldera' meettnra muat be
tbla State.
lllmllar corporatlo111 may conaolldate.
.
A corp0ratlon may be wound up by voluntary acreemeot or all
aiGCkboldera. aimed and acknowledre<I, directors acttnc u trustees
to wind up tbe bualn-.
:ff!~at
t:W1n
8::!'~~t~lr te af~~~ ~•gf~:~~ .:t.=::,°.!i~'ii':. !~~r
1DC
=~i:~o\:ied~~'l!O:~te by attawnent, or when ccrp0ratlon
A.naual statemeDta muat be died In tbe office ot tile aecretary of
a o~'J:_f;! rcovfJ'. ~~-t!:idto~.=•1of0 1B:'o~:~
&Dd directors amoun of ouiatandlq ltock not Dald for In tun With
Ille amount due thereon, tile loeatton of tbe principal office ID tbll
Stato with the or tile ~nt In oll&rse on whom Procell may
:'1J!"~to.
aDDual natoment tile corparatlon
1,
:-r.:~
~,.8°t,",fe1
,f8J
o.,u. For before Juatlce ot tile peace. actual 0a1b coata
Mt 1- than U: before city oourt from u to ua. aocordlnc to
ameunt Involved: before oourt of oom.mon pleu or nperlor ceurt,
aot , _ than JU; before 1upreme oourt of erron1 not • - than uo.
Attonoey'a reea not Included. Attorney Juatlllea In uldnr deJ)981t
of tU for cue In Juatloe's oourt and HO In any other oourt ~fore
brtaslar ault. (See luurance Companloe. InJuct1o111. eto.l
O.urta. Term• and lurtadlctlon. Superior court bold• one term
. .r veer la OIC!b county for tbe trial or civil • - · and llu Jur1edloUon In all law aad equity cuea e:ioeedlnc uoo and exoeedlnr
$100 In tbeee co1111tle1 where there are no oourw of common pleu.
Court of common pleu In Hartford, Falrlield, New London. and
New Ha,·en oounUea, bu e:icllllllve law and equity Jurisdiction above
ttOO and below HOO, and concurrent Jurisdiction wttb tbe 1uperlor
ooart above $:\00 and up to $1,000, and In Lltcblield County bu
e&Cluatve Jurlldlcllon up to $1.000. Not 1 - than four terms cacb
:,ear are beld lo eacb of tile countle1 n1med. and tbcre are city courta
IA many or the cities. ud a dlatrlct court at Waterbury, with limited
civil Jurisdiction; alao town courta In many or the towns. Probate
oourts have Jurl•dlctlou or tbe aettlement or tile estates of deceaiie<I.
bllolvent, and Incompetent persona, aad are eatabllabed In a la~
aambcr of probate districts-one for eaob district. Justices of tbe
peace bave clvU Jurisdiction up to $100. l11 New Haven and Hartford Jurisdiction or jllatlce or the peace bu been tranafen·ed to city
oourt. except .ID caaes or 1Ummary prooeu and butardy.
Da71 or Grae.. (See Notes and Billi of E1.cbaure.>
Dee41s. (See Conveyances.)
Depo•ltlona. May be taken ID a clvtl action by a Jud,re or clerk
of any court. Justice of the peace, notary public. or comrnlsalooer
of tbe superior court. when wltneas lives out or tbe State, or more
than twenty miles from place or trial. Is over al1.ty years ol are and
un1blc to att~nd the trial. la going to aea, or out of the State, or br
ece and lollrmlty Is unable to travel to court, or II conflucd ID Jal .
Reaaonllblc notice must be given to adverae party. Deponents must
be cautioned to speak the whole truth, and carefully examined.
They must suhscrlbe their depositions and mAke oatb before the
authority taklor the Mme. who shall attest the Mme and certify
tbat the Adverse party or his aircut waa present (If oo>. or that be
waa notlllcd, Aud aball &1110 certlly the reason of tallloir such depoeltlon. aeal It up, direct It to tbe court y,•bcre It Is to be used. and
deliver It. If dcelred, to tbe party at whose request It WM taken.
Depositions may be taken In auy other Stllte or country by a
DOtary J>Ubllc, commissioner Appointed by tbe irovernor ol this State.
or by any mairlstrnte ha,·lor power to administer oatbs, and tbcy
DlliY nlso be taken l>elore a loretirn minister, 1ecretary ot lc,catlon.
GOD.SUI. or vlce-euusul appointed by the United States. If taken out
er the United States. A Jucllfe or the eupcrlor, common plc,u or
41.etnct court cn.n ts.sue a "commlsstou" to take the dcpo1IU0D. of
a pcn10n rcsl,lln,c out ol this State, to be used lo a cau•c peodlnr
before ~uch court. The 1uptrlor court, upon P<•tltlon. ma:r allow
d~posltlous to Uc takt·D to ptrp('tuate tctttlmouy concernlur th~t
"blch may therc.'aftcr be the trnUJect of a suit.
The pcr~oo takluc
~~r;,:itons may compel att.t:nd,.nce of wltue....,, by sul>pu:oa aud
De•cf'nt and Dl•trtbutlon of Propert.v In lntelt.ate Eotatea.
(.._. to the ahare of a sun·lvtnr husband or wife. eee tbc title l:luaband
and WIie.i Alter the share or the eurvlvlnir busbaod or .,.,re. the
realdue of the n-al or personal catatc la dlstrlhuted In equal pro•
portions among the cbll•lrcn and the legal rcprcsentath·e• ol any of
them who may ho tle11.d tchlldren wbo ha,·e rcccl\·ed estate hy advance-
ment or the lnteatatc In bis lllt'llme h~lng charged with the same 111
\be dJstrll•utlool. If there be no children or lci:al representatives
\hereof. aucb residue shall he dlstrlhuted to the parent or parent,.
then equally to the l>rotben, and slsten, ol tbc lnte.,tate of the whole
blood, and tbo•c who lcKnlly rcprt·otn t tla·m; • nd II there be no
1uch kindred. then equally to the hrothen, nud slsten, or tbe b&lf
blood and tho•e ...-ho le~ally rcpreseut tbem: and If none, then
equally to the ne~t ol kin In equal de~rel.", kindred of the whole blood
to t•ke ID prefrrence to kindred ol the ball l>lood, lo equsl derret'.
and uo reµrcseutntlvcs to be admitted amonr collateral• after the
repr..,eotatlvea or brothcra and slstcra.
Dower. !See Husuaod and WlfeJ
E•·lden<-e. <See Courts. Insurance Company. Corporatlona.>
Ellecutlon•. lo•ue on Onal Judgment. and are returnable within
•txty 1 hY:'i . No cxecullon lssut·d In nn action founded on contract
:llllerd~·
pr
•;',~'
'> ' 1
• 1t '
~:
ar
1 ~1·
1r\'lf'd on the htHtr ot the t1d1tor c.H·c-pt for brrac-b
mt!lco1u.tuc-t or Q(•£lect. tn omcc or protea-
· ·, 1 rrt :q:c.
• ·\~ r breach of truet.
Any Ju<htmcot drhtor, an
hom •hnll h11.\'C been r~turnc<I un!iatlsflcd lo
toucbtnr his property
1ud&mcnt. and may be committed !or
•Y be cx11.mtnetl on oatb
~,;~\~~!
Eumptlona. Homeatead1 to the value of $1,008. If declarai.oa
to hold It u auob la reoordea. or tbe propeny or &Ill' one - L
bll D - ' 7 &l!parel and beddlnr and lloUldlold fuml~re llec,eaat7
for IUPPGr:tlDS life: any penalon money, received from tbe t:lllled
Statol wbllo In tile handl of tile pe111loner (which bu been collll\nd
to oover a1lo 1ucll P0111lon money WIien depo1lted ID a aav1np bank);
llllplemenia of tile debtor·, trade, bll library not es--1111& noo
In value: 1UDd1T dome1tlo anlmall not eioeedlnr Jl~ Ill •&1111;
IO mucb of &DJ' debt wblcll bu aocrued by reuon of the p e , - i
IOl'VICOII of tbe debtor .. eba1l not exceed JU. IDolDdlDS wacw doe ,.,
tbe personal 1ervtoee or any mtnor oblld (but there 1ball be no ul."mp•
tlon or &DJ' debt accrued by re11on of tile pencn&I 1en'1cea of \lie
defendant aralnlt tbe ol&lm tor tbe defendant'• ~onal board . or
: r atl:s.:n~I :..::.ro:o:~r~cie::.i~lenotb~eni~
the property of any one person Ila vt.ns Wife or family. two tom o(
ooal, 1pecllied amount.I or food-ltulfa: lbe bone of &Ill' pbs-udaa
or 1ursec,11 not uceedlDa $200 In value, and bll l&ddle. bridle, llaJ11-. and buru. &IIO Illa blcyole: one boat owned bJ' one a,e..._
with l'lfflns, tackle. eic,., not exceedl11,C UOO In value. uled for pl&111lns or taklnc oyltera or clam1 or t.alrtDS 8had; one aewlns macllbM
belnS property or any one person uslns It, or llavtnc a ramUy ; OM
pew belq propertcf of &DJ' penon bavtns famll1' wbo ordlr.ab';
a:,~~o:OJ'r
~ d ~ ' :4 to~r~~~
npport of It.I members, Incapacitated by llclm- or lnJlmUt7. at.611
be exempted from foretrn att.acllment or uecutlon.
Foretsn At&acbment,. Good■ con-1ed In \lie baada of ast11•
or debia due tile defendant are reached bJ fonlrn attaclunea, w111•
talles the plaoe of rarntallment. .No uarnment of ruwre eara1q1
Will prevent their attaobment wben earned uni- made w lttDft
a bona 4de debt, due at tile dato of auoll UIISDmmt. tbe amo1111,
of wlllob lllall be 1tated tberelD u aearlJ' u DOalble. nor u..nua
tile term for wblob tllq are Ullned lbaD be delinl~ limited la
tbe &98lrnment.. nor tull- reoosaed before nab attacb_, In --■
cown clerll:·1 omce ID tile town where tbe Ullpor f'Olld-. or If M
ratdea wttbout tbe Stato, In tile town where tbe employer reald-. ...
a copy left wttb tile employer. <See allo BumpUou.)
Ferelp Oorperattons. Bvery f o ~ oo~rat.loll. uoep1 lnaJanoe and auretJ' oompanlel and buUdlnr ud loan .-ladou ...
tnveatment oompanloe la oorporatton wllloll bu po- to or 4 eell or nesotlato It.I own o b - In aetlon or NU, cuaran'- or aecot1a11
tile ell- ID action ot otber per■oDI or corporatlolll u ID....ur>ea~
1llall, before tran•cttns blllln- In tllll Btato. 4le ID tbe omee ti
the IOCretary of tbe State a certllled CCPJ' of It.I charter or oerWlcall
of lnoorporatlon, tosetller With a 1tatoment. llmed and . .ora 11
by lie prealdent, treuurer, and a maJorttJ' of lia director■. abo•
Inc tbe amount or lia authorised •Pltal ltocll and tbe amouat Ule,_,
Wblcll bu been p,.ld In. and, It &DJ' part of Illa P&J'1DeDI baa Ilea
made otherwlle tball In oub, nob llta_en, lbaD aet fonb . .
particulars tllen,of. Seo. H.-Bvery forelsll corporatJoa wtlll aa
offioe or place or bDllnNI In tllll Stato. uoept IIIIDraoee compa.n._
nretv companlel. and bulldtnr and loaa aNOClatlou. ah&IL. betore
dotnr buatn- ID tbll b't&to, appoint 111 wrttlnr tile ~t&17 of t..u
Stato and bll n - n In offioe to be Ila attorney. upoa wbom
all proc,ea In anJ. action or p r o c e e d ~ It ~ be ee"ed.
:::=
a:
fJ Ji':::l
ac:::u~•
= I ~ ~~ll= ~ -~~ 0:?'au~tto:.cret&IT
c?{J":
ler&I fon,e and valldltJ' u If 1erved on tile corporation. - d tl!.at
aucll app0tntment allall oont.lllue In fon,e u lolis u any babD!s;:,
~=
~g~t~:1u'::t ag!fi'\!'1°ae~~~~ 'ier':.!: 1:o~':· o =
~:i'o
=or'°
..~k~~~5'1:~l:. ~J\~• ::":.i~•~~ ~:~,,:
cleot evtdence or auoll appointment aDd arreement. Servloe ";.:.a
0
1&ld attorney shall be aufflclent aervtce upon tile prlnelpal, and c:...J
be made by leav1or • duly attested OOPF of tbe prooea W1tb ~
1ecretary or tbe State or at bla office. Ever, lorel,rn corporaUoll>
dolq business In tbla St&to 1ll&II. Within tblrtJ' da)'I after 1LD 111<:ft&.W
or reduction or Its capital etock flle 111 tbe offiCI." or tbe 91!'CT'l"t&."T
or the State a certlflcate substantially like that requlrod of domeo::c
corporatlona organized under tbe like condltlona. The president a~d
treasurer of every foreign corp0rat1011 dolnr bualneae ID tbl.9 S~t,.
wblcb la not required by law to make other annual rl."tunu Ill u..:,
State. ehall. annually. on or before the flf-tb day of t'cbru&rJ' or
Au~at. make. elrn. and swear to and lile lo tbe office of tbe .,.,.r,-ul'7
or the State a certlftcate almllar to the ccrtlOcau, required or dor.,.,._
tic corporations (See Corporatlona>. except tbat such certl'lc.o.:t
need not gtve the name or tile areot or person In charrt" ot It• prlL<'I~
office upon wbom procq_s aralnst tbe corporation may be 5CrTe<.
Tbe secretary thall thereupon record aucb cenlftcate In a book Ile;,
by him lor tbat purpooe and shall furulah a oertlllcd copy to ~
recorded In the office or the town clerk of tbe town tn thl• Sta:•
ID whlcb such corporation hA& lta principal office ,r place ol 1m,11,... ,.
and said town clerk shAll record tbe aame In a book k,·pt t.}· b , ::c
tor that purpose. On tbe Olteeotll day or March an,t Scp1.-n, ~ .. ,
tile town clerks or the several towns shall report to thl" 9<'<'«-~"7
or the State the names of all corporations whose annual rcpon., !-..- e
been Ried tor record during tbe f,rcccdl':[ •Ix months. In a,-.,.or,!.. ~·=1-•J~~~r~i' e~~~ !1i\~~ott~ tb~ll~~~~;rl ~~~~~~ '~
1lo1i'~~~ !~e
1c:tt~~~:i,,'."~!~!~Y
3~et1~~J:n~r. ~;
tloo . Every corporation wbo•e officers sball fall to comr,1}· w ;t!I
tbe requirements of this section shall forfeit to the Staw I 1<•0 c.,,
each failure. The auorney-gen~ral may remit tbla 4.ne.
Forelsn ludsmento. ~ot conclusive on qucatlon of Jurl~<!'.,-:k>a.
A torclgn Judgment when used t,y way of defence, Is &..'I ..~n.:.:.·.:,: ·.-.
to e\o·cry lntt.·ut. ns tho~c or our own courts. In an actlvn on a ~ -~l'meut rcnilerc,1 in another State, e,·tdcocc on the part of tht" u, t!":_t:, ..
aut th,' \t he h;~d no lcl(al notice of the suit aurt dht Dllt &['tlot"..lt. :.e
adrnl.,.~lUle. althou'{'h the record of tbe Julhrmcnt statro t!.~t \.be
deknJa.ut Appeared lJy bis attorney.
\\'llcrc the, fflrvli:L ....~ ,.n.
~d;V:~t<fr~':,~
tt1~
~h!
,g~e1i~~s
~~1r
:~'"~l~":~f~
~ -~~
1 0
1
fuJ~1~1~~~ro'i'~!1:~~t't\1
~ ti1~: it~c~<"m~' s~ ~J~;;~<
tmmc lt\atcly lnto controvcrs}' . .A judl(ment rendc.•rt·d t,;.· a ('\. •n.
In one State tw.s no cfficacr when It ls l'OUitht to l.n.• enr\,rt·l~ lo C .~:.-
~1;'~!~ufi
t~n~:~~lt~:::d~ :~.~l~fn.ta~ltJ~t~8 1,~t~~~-1~~
Cl~c~~~l~~ t~~i~!~(.3r,~c\ta~~dt1t;u;o s~'r:'mftftlt::
~,~~[~
1J1;)ir·tti';~
~~l~.h~r
i~\);~.r:_~~t
of the court. Jurlttcllctlon pn•sumc,t to have l.>t"t"'O prop<'rh· ._.., .• ~, .~~It ronrt ouce bnd Jurt,utlct-lon. Xotlcc presumed of n-.._"-Ut"1L•' !•·= ot
Jurl~J\ctlon If fl'<JUln·d by practice In fotth:n court. A :•: .1.; :rt-ct
recovered lo a sbt<·r St.'\te 1s a liar to tbc furtb<'r proM-c-ut;,\!..:. ,-r u
anion peudlu~ "t the time lo tbl!'J State between the:- s..1ri~ p..-.r:.:fe
ou the sume cnu.se of nctlon. lt mul-irit oo tllltert"u('(' tlu\ t~f 'i... ,J~
r:;~~1\1°te~~f11f~~t~~h~~-t~):?~iiebr;:sa
~r~-b~~s~:· s~~t ~~,?,:~~r ~~~
~l
onl}' as a 1.>roccctl1n1t In error, and dots not auper._..t•d(' the J•.:d ..-:--:N:t..
Only such plea• are plcadal>le to a torelrn Judirment. &1 are plc...:.a:.i..
when rcoJercd.
or Fc'oant~~C't8~ 1
1::~i:i J~d~:rdts~:;c-~ ~~
!nZd~di~e~~n~~r,~;f";f(:·
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IU:-.11.;ING ANO COMMF.RCIAI. LAWS-CONNECTICUT
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Dlt ,n<'«'.
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"•r"lrfl.
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u~tta t &Ot c-krl...1 th('rf"Or. or any c-ouot, ron1rnlalon <"r. tn turn time
or lo \' AC'~ t lo o. n · ay , CI C'('')t '-'bt're lt ll otht"rllill(' IPf'd&IIJ proY1df'd
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th f' Dot:ceo Wh l rb llhsll
ll\'f'D of \b(' to.,tttetloD or pcodf'D~
of a lt on '. 1,, tatot1. • ·r1t• or ,rror and a11(k"al from prohate. wb1oll
'°
w
:•!nhJe ~ ~uv&QL l.!O t~~e~~t~ 1,~!r~~:.
':."'le
fti°.i"
t:~;o O~b:br1."of'':
partlN tbt.rtto. rt~hJ~ out of tbf' St£te.. or when tht o.ame. or ,..._
drn cr.a of anJ 111 cb f)t"r..ona to totf"rr1t are uokno•D to thf" panw
11>11 1: u t lnc th~ pr,t<'«'11nr
and •urh notl<"' IIA,·t nr i-n ll"n &a4
prt)vrJ 1h11.11 t.c- dt"f' m rd •t1mt'1rnt t<f'n·t'X aaJ notl<"f'
!ll•t• ••nll• and Tru•t f'ompanlH.
A '""''"'• fund ol II per
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Digitized by
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,'
.I
-s.A.IIIKl~'- ,AND COMMERCIAL LAWS--,IlEL~WARE
U30
dlllptJoos of the Uulied Stats or ll&tlcmal bank
~t-J'~!
~3, ~ : = e s ~ w 1 i l ~r!em'=1::'ttie~
==~it
__,, aaoclatlooa of New York, Boston, Pbiladfllpbl& Chi~~
or Albany; or national
b&Dka. 111Ate banka. or trust compan!ee locaieo
ID Brk!Pport, New Raven. or Hartford. and or callroad boii'da-wbich
SY·NOPSIS OF
1-1 IDTllllt.mllDtB for l&VinllS ballkll, No Dl!IW IO&M or dlac:ouota
1111&1' be made wbeo tbe _,.., Is below 15 per cent. Bank CQIIDllla,_.,,e
tile
wbeo
..._.. may apply tor apPQiot.mcnt or a receiver
falla below 15 per cent .at.er Wrty days' oatice.
'No ou permn. COl'llllr&Uoo or Orm DIAJ' borrow more .duul .10
per oeot of tbe amount of the O@l.tal atacll: paid In ud n111laa undlYlded proQts comblud. of &DY lt&te bauk 01' trut COIDJl&JU', ~
4 - not apply to collateral loan.1. PenaltJ' of •11:000 for vlalatlml 1
RELATING TO
ol .11118 law. P&Per of execuU\'c amoem or oleru 11147 JIOt be dla~ - Loao■ ta r>artlcll outlilde tbe S\ate can only .be made when
Ille loan■ aod dt■mwat■ in tllc &ffl'Clale amoUJlt r.o on&-balt at Ule
-.mt.at stock.
BANKING AND COMMERCIAL USAGES
lloolls or a bank lll&J' be c.umllled by ataokllalden .unller oeaalJI
• -~ourtlla or the dlreotan mun be rml4eASa of tbe ffl&to, ·No
dlnlotar may be obltptcd to .a hank or trust oompaoy lo ao a111ou.nt
Prepared and Revt■ed by RICJU,&JI B. Ka1111a1 •.~ ~ ~ per cant or ille capital actuallY i.ld Ill aod 111111lua IUldlISee .()&id lo A.UOllleFI' J.la\,)
't'lded proOII oomblned. TIiis daca Dot apply in loan■ aecured by
-eollateral.
,.c.ahler' ■ bond or &10.0.00.
AQkoo1'ledameDL !See CclDYVIUIOILl
At least Ove rCll)Orta, vel:IOed by oath, mlllt be made each v•r
Aetlon■• 8ult - F be -enwd ·lty •Pia■• • • - ...
to the bank commlalanen. exhlbttlnr ID det.all the reeauroea and
(where ddeadant 11 DOD-reeldeutl bF a"9e!m!ent o r ~ . a.-b&bWtta or the bank or trun 0CllilP&DF, teo da:va after receipt at
mooa In just.lee'• court _,. be lined re\uniable ID rour da,. rnqueat tberotor from the bank oommla8lonen. wblab ■ball be publlahed
date or ■crvloc.,_ OT may be made nwniable fortbwt&b, •poa ~
ba a ne,v1paper In the county wbere the baok or the trust company
tta llllns an 1UDdaVI\ \bat there la daDcer or bla loelllC \be ~
1a looat.ed . Pen.altJ" or $10 tor e&Cb da.F or del.&F In uansmlttlnc
' of b1I prooeea b7 delay. IJ1 aupertor eourt \be nmmo1111 m.- Ila
~rt
~ Words "bank," "tnut." or "a&VloP" ID&¥ ouly be u■ed bF bulk■ • I aened penoll&lly OD debtor before C011rt .u.. or bF leaYIDCt:f4a -- of tbe 11UJJ1mon■ at bla uaual Place of abod,;. In p~~
tnat oompanle9 aod bulldlar and loan u■oolatlons locorporated by
wtilte adult peraoD III dQll before coart atla Service bF __.
~e United Stat.es or by tho iencral aaembly, but this ■ball Dot apply
•
oatloD·allowed In tbe ·court or cbanoetT only.
to !Irma or lodlvlduala dolor l>ualA- aa private haoken or broken
aader their own name■ wbo depo■lt With tbe State treuurer a bond
AJlldaYlia may be admlolalend In 11N Slate by UM, ot:e ■ clll
of $10.000, or acorp&&b\e accurttlcs oft.bat amauot tor tbe protect.Ion
&DJ' Juitiie. Ju■tloe or tlle peace. or notary public; aad oai • •
ot coat.omen from I\Yllnr tbem..,Jvea bt.okers In the oonduat or their
.«
::il&le by -&DF olftelal duly aullaortaed in lake aaluaow·
bolo-. Hanko aod tru■t oompaolcs malotalnlor ■a,·loga depart,.._
deed ■, etc.: but before a n-ry p•bUc la p ~ .
meots mu,t love9t depnslts accordlDC r.o the laws of the State cana.llld&vtt.
tbe
alp
mlllt.
stateswom
make
mu■t
oernlntr lnve■tmeots of ■avlnr,, 11nnk1, and
io tbc bank commtaaloner■ an October lit lo eaeb year and
Aaslan,aenu -and lnaohency. T.bete la a 4omeei.lc ...__.
ahener It n,qutred t,y the commlsalonen. -of lhe a.mount of auch
law.pro'<ll<ilnr tor a full aurrencter ud eqll&l4latribu\loG or •U . . _ . ,
dsp<J,rtu. nm! ti"' oocurllle, In whkh thoy are love,ted. A 8tate Bank
but It la very lleltlom u■ed, and lbONI la ao -vlalon 1n \he . . lllf
or Trust I ·ompany may bf' lncor!>or&terl under Ueneral Laws u prothe llillollarse or lille deh10r ~D h ~ en aa■lro"-'- ~
'ridecl In l:haptoo' 1114, Public A.-1 ., or 11113.
oed 'llil.blo ,bu'W--.
aatsn" muat Die a aolae<iule or pro[MlrtY
&Ad \WO ,appralelln are ~ appol"8d ., Ille c ~ . ~
IS. Actlona.)
Jul&■ •
ten .allke.
- • moot N tor !Jae baeOt et all
·lluret:r Uompanlea. Any corporation with a paid-up capital or
A.U.aclunenta. Dom•Uc &\t.ach111cmt ~ be laaued ...a- u
not'""" than 12:;0,000, loeorporatcd aod Ol'lt&nized ror the plll'J)O!le or
lababltaot or this Sta'°- alter a rewn to .a ■u.mmo1111 or ca.Plait a....
tn.naactlog bu.•ln- as surety on oblllratlons !or pen,oM or corporatell dua belA>re I.he retum th~,ot. of DOD cat ln~tua. aad .DCld
ctom. oo compl)1otr with certain reQulrements or law may be ac,:epted
or <auae or action; or upon tbe lllillS or aoaflldAvlt 'Ulat I l l e ~
• surety. upon the bond or any person or corporaUoo required by
ADt la Ju■Uy lollcbted to the »lalnttrr In a IUIII ~ uo.. ...
•e laWB or thl• 8tate to execute a bond. Every fore!IID corporatloo
the
With
baa abaco111led from I.Ile Pi&cc of .bis uaual abode, or IQne Oil\ at Iii■
dopnslt
mu.•t
State
this
In
b~~nooa
•llf
Wore trao.qcU.ng
State With bateot .to datraud bla crc41r.o,a, or to elude ~ •
taurance commlsslooor a copy or It• charter or artlclllll or uooclatlon,
la believed." The writ d1recta tile ..auaob-t of Pl'ONl'U' _...
and sworn <tatemcnt or the condition or Its bu•ln-. Tho Insurance
aull11DOD8 ot rarolab-. Att.acb.mcot ID&)' lie clle■oh'eJ on.
oomml!!llloocr mav thcrearter l••ue to sueh company a llcenoe to do
NCUrltY to uu.ty aov Judrmant tot.he Ut.eA\ or t.llc PtOPCnF
lrnalocss In this State. ~uch ro111pany must appoint the Insurance
that way be reoavercd aploat I.Ile dcfandant. .On ret.urJi ot a
oommksioncr lt" n~cn, on wbont prOC'tllS may be !ller\·ed. Sueb ~ommeat &lie court appnlAta \broe peraona u audltora or UM> e1a11u tt6
paoy must nte annually on or twrore March l•t. with the tosurance
CICJIJ1Jll1s,,loncr. a statement or the rApltal of such company and It.II , oreuttara; the c,:edlwr att.acblnr la allowed • double abaq ior b
c1an
stateannual
If
grant«!
Is
llceoae
annual
oot to ucood Cull •01own of debt. AllY cred&l.ur Ao
rlsi..a.
dllltJQDoc,
nn•I
Investment.,
~
Pre■lllltlor bla clalm reoe!vea DO abare ID tbe 4taulbUUQD.
ment be satisfactory. Lot-al a:l'f"Tlts muBt pl'O<'ure ccrtltkateo of
la not required to rive 1ecurlty. \\'area are exempt from atia.
~ meot In New Oaatle Oouoty exoept for boanl or lodcinc. " - - to.,.:~i:i,,':;'!;"'
\be State. A . - n i
aitaabmcDt - Y be laaued ,aalaat UF , . _ aot en tw►H•atn or any MJrety company doing bualo•
• t aa ID d - t l c ett t
lllmd mWlt be ,nnlntalned equal to 60 per e1111t or the 1!1'088 aIDOQD\ 1 of lbe State ·atter a return of ot Iha
or UJ)OD allldavlt belnr made "tbat the daleodani ralclea 0
~:~::u~~"~~t~:v ':.n~u•=n ~f:o~::.n..
lltat.e. aod la Ju■tlF ladeblcd lo tbe plalad lo a auru ~ a».~
FONIICD attacbn••t may alao tuue -'8■ t a toratp -pen
amount lar,:~r tlurn one-tenth of It.ti pald•UP capital awck and ......
bat In tbla cue the &DlOant or tile nal dalll 111- be ~
plwl wi1hnu1 ~lvln~ colla,._1 oecllrlty.
apecjlled In ttu, aflldAYlt. ud man - ~ &&o. Uulllllr ~
ait.acbmenta the plamtll? lo tGllllsn at1•all-ta bu sae ~ c
!~,11~1 :~rlad=~~ :x.:r'f:~~
.'1;.~~~':;ly
and doc■ Jllllt alien, WIiia oui.r Cll'lldtlaa.. It •
Owner bu one year In wlllch to redeem, by paylnir tbe puroi- 1 b1I owo1odla00very
do111eatlc anachmmit In all -,eala uoei,& u to ~
•m11ar
lllOaeY, v.•[th IZ per cent lntc1e.<t. Bonda, llo-. or other ~
•
m1111t ol &udltono am! -dllltdhutloo a . _ ·eredllora. T.._ ID aotloo. except bonda aod not rs ■ccured by manpae OD real •t.ate
upoo pe&ldlm may lav•ttalll an, &ilecalloo Ill ...._..._
ll&llated lo tbl• State. may be c~empted tiom all local ta.utlon by 1 aoy Judll'tl
uoept u to tile awount of the l!ebt. and dlaolve UM! atsaati,P&:vlor to the State a t.as of 2 per cant on tbe raoc amoUDt thereof
lf aul11clont rround be not ,~n. Forcwn atadun&Dl k Nil tor O\·e year,,, or at the option or the bolder tbereor for a irreaier
diaaolved by ent.ertnr special ball.
or lf'S! numl)("r or years at a 1>rojl('ITtlor:u1te rate. Inhcrttaocc taxes
levlc<J 011 &II 11mpert}· witblu l.'onooctlcut po•••,..••d by any .,.1·Bank■• Tbere la no reneral banklnr ac& and but one !Ji.t.e tau.
i,reptandble
all
and
d...-s<'.
his
or
ttn,o
tho
at
••t or <'0011....th-ut
wblCII WU Chartered b7 the tesl11aturc Tn 1107. Bulrtu OOIIIDQlm
erty within l'nnnio.,tlcut poss,-! by a non-MOl<ltmt at the \lme of
not be formed at PR8Cllt, aa tberc Ila■ been no1iatuto1T ~
aan
Ilia drath .,-hlch passed t,~· "!rt , to tako .-ffoct at death or by will to
for 10 dolQ. Tbe holdcrll or ltocll: are taxed at tbc rate
&DJ' person, corpor;,tlun. voluntary a.'"4'.>elat.iun or sodoty, with exernp.
or one per contum on the cub ftlue or eacll all.are ot
fourth
lion• In fa\'t,r or ~h11rlt16'1 and on curtain partlCW'la kinds or property.
stock. There ba-n, '-n recently ■eTeral tnut CODIPaol,. fonallid
Bat..,. of th•• 11n an- I per .,..nt or tho Talue or all prof"'rly In ex.,.,,..
ettber b7 apeelal act before the 18117 coontta.Uaa. . . .
State,
the
Of l!l4'._N_Ml p11-,sh11< to parent., husband. wire or t'hlld up to 1100,000,
by reneral corporation act llnce. wlllcb llave bocD JRD\ed ~
wtlh 11«&d.-1 hu'l'Ml."""; , J'l"r r,•nt on propert.y so i-ln1< to wife or
~
statute. Bana and trat 00mpantca are apoclal
bF
powen
the
or
sister
or
m-other
or
,lau,chter,
"
widow or a "on , hu,,l,and or
.
Ject lo enmln11"00 and lnapectlon by a w mzr I t
1~ ~ : ; . , : :
\~~
~~r
io,;
=e~}·s'!,:~/::01
....
Illa
wrttlac
ID
be
aboalcl
BWa and Note■• AcotPl&noe
meotloneJ, up to the amount or &100,000: 6 per cent above tbat
All cbecl<1, notes. drafts. or bill■. forelln or lnPand. payable~
-.it.
time or ,., IIChi. are duo on P-=eitt Wltlaout llnlle .
•,..._..,.ref O.,..tten Be.ca. 18N 0..0-loM.)
Obattel Mert..... •mut be_,...... wltb u ~ - (lie■ Slate Banb and Trait OomllADlee.l
'Wra■ t Oetnpanl-■•
the mortrase la made for tlle beaa ec1e ....,._ of -rtac • --■.
oot to defraud Cll'8dlwn. •d u reeomled •Wl&bla . _ di9a . . _
and
• ~~- 8-lll&a. UD&form WaNbo- Receipts Act ~
Ille aeknowledrn,e11t tllen!of, ta·a Talld 111111 for ltw ,._,. - .-■--a
, property, the poucaloD or wblc.b may remain bl the monea..r.
All ~ D I or &a ·ace of - ~ ycan. and or aolllld
uw1n■•
....., may d ~ of &heir enate <real or penanall by WIii. No
• Claim• Aaun■t Ea&a&ea ef ,,.,_aNd . _ u an, ~ • . , .
...._ eattpt for public aod cbuttable - • or for \he care or .,_,.,
followlllr order: 1. Fl&oaral upaaw. Z. Billa to• m.....,_ . . . .
terlea or rra,·N. shall be made to any person• but ouch "" are at
Leal attelldaace. DUl'liDS, aad D - , W tor l&at - - - . . . .
Ille time or the dMtb of \be tcat.ator In belnll:, or to tloclr lmwedlate
deceued. 3. No more Ulan OAC year'• ..,.. or ..-vaa1a .aa . . _
llsuc or drsc,·utlanu. Wills must he In wrttln~. sutiscrlbed b)' &.he
,...,• ..._
aod laborer on a .tarm. c. Rent tor not more tAlaa •tator, a !lll attested b)' three WIUI-. each of them 1ubscrtblnc
rro..-u,11 due or lo am.an. 6 • .iws.muu &Ad decniali l a ~
Ill bis prcscucc. I.mt the>· '11'111 be c!feetual here U e.1.ecutcd accordlnc
mon,a- aad oi.ber
aplnn deceaaed, 6.
1e tbc law• of the S~tc or cou11try where ••ccutrtl. lt, after ,be
tlono of record. 7. Obllaa\laoa aad - - ll&der -1. a
1Dakln11: or a wlll, the trstat.or shall ma~, or 11 n chilli Is born to the
iracta uoder b11t1d for the payment .Y!m=:F• ddl\'U'F or ~
. Admlnlalaldia •
or merchandlle. 0. OIPler
wares
c.w:~\-~o~~~;h o7~~~~:
~t;'~r~~·~.o~l~~~~los'11u ~:-1rc,,:~
w
rraatcd: 1. To the pen,oo entl'1ed to Ille Nlkl,ae. I. To A 1'"111 o r r-,,dtcll b otherwise rtvoitcd hy burnl.t.ur. caurcllnr. teartq,
more or tile crecllton. a. To any nltable perwon. l"ll ■ldeet
w ollitteril.tln~ It bl-' the tl'st:uor. or some person tn Lis presence bJ
re.ldeut. Uontl must be d'l'ftl for u amouc doable UNt ...,_ -,
a.t.~ dlrrc-tl u u. or by a later w!ll or codicil. A dc,·ht.· or bequest to a
the estate. Notlec mun l>e rt'l'ell of elalDu acatmt U.. . . . . . . ,
Iuli~rrlt)l1J..."' ,\IUH·-.'i or to tbr bu-;!,and or wife nr a subscr1blnc
Within ■Ix month• !mm rranuoe or 1 - n <eseep1 dalma or_..,_
W1tnc~~- 1'.'( ,·ottL uulrs.., ti.le Will 1, 0Lhcn-.·1~e ki:ull>,: att<'"~tccJ. or unlea,
or esecutor or admloltttr■ tor la protected In N1'hlS d - . of a ,._.
tbe c1n·I,'-·('" or ln:atL'f' b('" an bdr to the te,;tator. \\ Ill~ arc pru\·cd
rrade. One J11&r I• &!lowed for eeU11J1c the eat.ate. aJld -di l.hll
&ad eat.&1C9 8c"\.tlcd tn th<' 1Jrob.1tc court tn tbc dtstrtct wbere tb.e
expiration of tbat time, he need not malre dlscrtNUaa. _ . • •
\\"\JL-, or non•n·~ldt·nt-'i owntni;r 11ro1.>crt:r tn this ~te 1 chanieahlt, Wltb lo""""' on tbe drr -..S r(."stdcd.
ID baud. He _,. be'_...,.
• PTov.-d by n11n1e cxcmi,ll!h•d cuplt-s thereof tn dlstrtct where
,.
0p00 1un1c1ent cause. Lctten JTUted lo otw na- aad ~
w
,·:;n~-,~al~~.!.\;~urse f..hould olwa1,·s he tl\kcu to order to ' under the •cal of tbe olllccr or 119an S1all'1ac the--. II
~
authority for blm to act lo tbtl state.
11 · • t.·••npenuUon
A.c:l.
~
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and
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Gontl'aota
are
TP.IE LAWS OF 'DELAWARE
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BANKING AND COMMERCIAL LAWS-DISTRICT OP COLUMBIA
tJJ?
------------- - -
Collaterals.
----- - -
Tbe bolder of tbe note .. coll&&eral MCUrttF for <k'Jt
:::ar::auf:rn~:eo-::1\!:°~'fC . 'lb':ec:lla~';,=:-~~':e~Rlt!
.
aooordauoe wttb tbe wnm ot tbe oollatera& note wblcb -11F "'9vldee tbat tbe ooUateral may be 10ld upon DoD-paJ'lllea, of tbe ~
olpal or tbe note, e1,1aer at publlo or private eale, ud ID ncb caaea ~
purobuer at &DJ' IUOb Mlo obtalu a valid title
\be ooUatoral 8Dl4.
'°
SYNOPSIS OP
THE LAWS OF
THE DISTRICT OF COLUMBIA
RELATING TO
BANKING AND COMMERCIAL USAGES
Conuacta. Every contract ud o~Uon entered IDto bJ' , _
or more penona. wbetber partnera or me
Joint ooatracwra. . . . . _
under aeal or not, wrlt&en or verbal, &D wbetber esp.--..1 to be
Joint and several or 11ot. t, for tbe pul"P()Ma or nit deemed Jola, u4
,everal. On Ule death ot one or more of ncb penoo._ hb or Uidr
eseoutora, admlolltraton. or belrs are bouod by aid contrae\ la ti.
eame maoner and to the MMe estent aa If tbe ame were e1pna,,t
to be Jolot and eeveral. In ao\loDS es oootraciu a,alDat Alleced Jolat
debtors It Is not necessary for the plallltlff to prove their Joint n.blllty ID order to malotalD bla aotloo1, bnt be la entlUed to n-«>-.
as ID actions es dellcto. antnat aucb ot tbe defendanta u ahl\ll be
abown by Ule evidence to l>e Jointly Indebted to blm. or ~atn.n OM
only, If be alone la abown to be Indebted to blm,_and Judcment . .
be renden-d u If tbe otbera bad not been JnlDed m tbe aul'- Ally .a
eeveral /otut debtora. wben their debt I• overdue. may mue a Kt;JIU'all
oompoa tlon or oompromtee wttb their oredltora.
toft":l:~rJ!C::~t ,,.>;::i::r::a°i: ~:::rr..::::: i:::rn:.r:b~c~~=:
lawfully conducted by au IDdl~ual. excepUDc bani<• or clrcul&U..
or dl8count, railroad, and IUcb otber euterprlee or bualu- u b ~ wtae pro,·lded for. Sucb oorporatlona may bave a perpetual e s 1 - .
No such company la authorised to uauaci bualD- until 10 per_.
of the capital atocl< aball bave been aciually paid In. elUler lD moAcknowledsments. The dttd or a corporation sb&II be executed
or property at tta aciual value: and tbe recorder or dee<Je. befoNI
by bavtnr the aea1 of the corporation attached and belnr aimed with
D.llntr any certltlcate or Incorporation, must be aat11D.ed tbat tbe enU19
t.be name of the corporation. b)' Its president or other omcer, &Dd ■ball
capital stock baa been IUbecrlbed for ID rood faith. All of the s ~
be acknowledged aa the deed or the corporation by an attorney
holders or aueb company &NI severally and lodlvtdually Uable to u.e
appointed for tbat purpose. by a p0wer of attorney embodied In the I creditors of the company In wbtcb they are atocl<boldera for the uo.,.W
deed or by one aeparate therefrom, under the corporate ac&I, to be
l\mouot due up0n tlie shares or &&Id stock held by them reapectlve!J',
&IUl&Jled to and recorded with the deed.
for all debu ud contracts made by aucb oompauy, unt.11 the _...
A.oknowledsment of Deeds. When any deed or contract under
amount of capital •tock fixed &Dd limited by IUCb company slu,11 u ....
Mal relatlDr to land la to be actmowledc-ed out of the Olatrlct of
been paid In and a certlD.oate thereof eh&ll have bttn made aM
Columbia, but within the United States. the acknowtedrment may
recorded. F.~ery aucb oompauy muat &II.Dually ellcept lnau,._
be made before any Judre or a court or record and or law. or any
compaole•. ,.ltbln twenty days from tbe D.nt of January. mau a
obancellor of a State, any Judge or Justice of the supreme. circuit. or
report, wblcb shall be duly published and wblcb rep0n sb&ll 9ta u u..
lel'rltorlal courts or the United States, or any Juatlce of the peace or
amount of capital and the prop0rtlon actually paid and I.be amount ol
aotar, public: Provided that the oerttocate of acknowledrment
exl•tlnr dehts. Forelru corporatlona dolnir bualness tn tbe Dlatrln
aloreaald, made by any officer ol a State or Territory, not bavlot a
of C-Olumhln are subject to service of process on their ar<'nt.s or oe
..a, shall be accompanied by a certlOcate of the rertster, clerk. or the Pt"rsons conductlnr their business. or by leavlnr copy tbn,..,r ..
ather public omcer that the officer taklnr aald acknowtedirment was
µ a1_ pTlahcec8o11ralbrsus01nf~beocor~ra~lomnpsabnayl, beor maat n'ba~bl~-0tbfeltpsral~l
la taci the omcer b~rofessed to be. Oeeda made In a foretiru couu.~ 0 1
•
. ..., •
,I
•- ,
UJ' may be acknowl f.ed bclure afy Ju~r or Dotaf" publlc,1or b~ore
~'::sttll,"cn ~.~":n~o~t~t: Jr.~:.i:nti!r::uaie:it; :.'~~y
0
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~~ct\~o~~fa~rol:ioe~~0
Im
the lint year, by the ■tool<boldera. at IUcb time and plaoe u raa, be
of tbe revlsod statutes or the United States, and when the acknowlgrovlded by the by-lawa. The lee or the recorder for lutoc au «nJedcment Is made before any other officer other than a secretary of
cates of Incorporation wbere capital etool< II autbor.....a la tor--,
l!IC&\IOD or consular omcer or acttnr consular officer or the t.:ulted
(40) cents on each $1.000 of tbe amount of tbe capital stock ot u.~
Bi&tes. tbe official character of the person taklDC tbe acl<Dowledcmeut
corporation, a,1 set forth ID lta certlllcate. provided that IIO fee -...:
lball be certlD.ed In the manner prescribed as to deeds out of the DI►
be leN than az~.
lllot or Columbia but wttbln the United States. No deeds ol con•
Ceurts ID session contlDuouaty tbrourboul tbe year. SQI• •
n,ance or either real or personal estate by IDdlvtduals ■ball be er.e•
oontracta. accompanied by aumctent afD.davtt of r1rbt to ~ .
outed or acknowledred by attorney,
result In Judrment In twenty days exclualve or Suuda79 alld lelal
Actions. Tbe common law fomlS of action■ are uaed escept as
bolldaf11, after day of service on defendant. Ullless defendant Illes aa
mod!Oed by statutes.
affidavit aettlnr forth facts wbloh, If &rue, would ID la• -utltu•
A.dmlnlotratlon. The probate court. a special term of the
a valid defense .
Daye of Oraoe abollahed.
1upre111e court of the District of Columbia. bas exclusive Jur1sdlctlon
of the settlement of estates . A written petition statlur tbe facts
Dffdo. The followtnr form of deed ts now all th&\ b requtr,,d 19
ID the CllSC must be ntcd with the re.rlster of wllls. Tbls petition l1
tbe Dl•tr1et of Columhl& to convey a tee almple title to tt&J ea&.aie:
acted upon by a Justice or the supreme court of the DLnrtct, who sits
This deed made this
dav of
In the vear
b
dal~. All excrutors and administrators and ruanllana are required
'
••• • •
• • • • • ·•
•
• • • .. 1 me. · • • •
•- ve boo·' wltl1 securlt" to be ap1iroved by the court. The testator
of.· ·· · · ··• •ltuesae t b: That ID oonstd eratlon of <bere In.ten _ .
u
,
slderatlon>, 1, the &&Id . .. . .. , do rrant unto <bere i - n ltaA-·a
:~c;;~~v~o t~c\\.~~,·~g~ g~b~~ 00'}• ti~td~~~ru::~:y:x~~~1~1"c,"utl~~i~
uamel , of • • • ••• , all that (here describe tbe property)
value of the personal eotate. Uy act of Conrreu. certain trust com•
A. a~~D~.~~ !~~!o~~!i::'and record...i wttb 'itie' r«onler 1~~
panles Incorporated thereunder may act as executor or administrator
and takes etlcct from tbe time of reoordLDr. A acroll ta OQDSlcS- a
:~~~rri1~~ .~o:rio::;~~~:.b:~('v~~~tf.1':i~:ra ~~~~r
aumctent seal.
be b11rrcd ID thirteen months provided the required notice Is 1>roperly
DepoMlllon~. Depoaltlona of wttn- to be uNd ln aa7 d•n
bll h d
p b t c rt may ord r sale of real tate t
d bu
cause whether the case be at lsoue or not. may be taken under aa:, oC
fnu ,:,...,"...,c porsor~~I "a.!,,t~uar<" lnsum,•fent . A,...,ts
tr;
the lollowlnir coudltlont: t. Wbere the wttnea lives beyoad u.
Dlstri••t of 1.'ulumbla arc suhJ<.'<:t to dalms of local credlturs for one
Dl•trlct of Columbia. z. Where the wttn- la likely to ro out el t x
7ear after death.
:{~red ltatrh::-e ~~~ ~lttnb:...~~t~3:m
•:nil~~ ~
A.ffldaYlt•. Affidavits for u,e lo the nlstrlct of Columbia •hould
pl\rtY de&lrlnc bis testimony fear be may not be able to aecure u.e ._..,..
be taken before a Justice ol the peac-c, notary public, Judce ol any
at the time of trial, wh,·ther tho aald wttneu resides wtUllD UM Ott90Urt or record, or a United States commlsaloner.
trlct or not . 4 . If durlnc the trial anr WltD- Is unable, by - •
Allens. Allens may bold personal property In the Olotrlct of
or 1lckncss, or other cause, to attend the trial, the depoatU011 of r~c:;,
Oolumhla. l\nd m,,y acquire real estate by descent. Allen c,orporatlous
witness may, In the discretion of the court, be taken and read at u,
are probll>lted from acquiring real estate. Corpor11tlous of wblcb
trlal. Tbe dcpo,ltlon m"y be tak<'D b<!fnre anr Ju•lre or any roun et
over ~o per cent o1 the otocl1 Is or may be 0W11ed bl' person• or as,iothe l'nltcd State•; b<!fore any commlaslouer or ckrk of any o.,u" ol
utlon• not citizens of llnltcd States can not ac11ulrc or owa real
the l'nltcd States, or any einmlucr In chancery of anr coun of it•
aatate In District ol Columbia.
United States; before any chancellor. Justice. or Jud!r'! or ctcrli: ct
A.ppeah. Appeal• will Ile from the munlclplll court to lhe •uprcme
any court of l\nY State or Territory or other place under the .._,,...,
eourt of tho District of Columbia where more than 1100 11 ID\'olnd,
•~~~~r 1; 1'.1~C a~ynltpcl~~~:~Jcrorb:n:,vneo:r typu~t•rb~r l.}~~tt~ ~t.. ~
and ID action• for the recuwry of possession ol real estate . An\ peals , P•
"(II
-"~
may be taken from the supreme court of the District of Colum ,ta to
Provided . that 00 such pcn,on shall be ellr!hle to take such Jepo- ·cc.:a
who Is counsel or attom,•y tor any party to tbc cause. or wn., ia ;a
'
u11, court of appeals of the Ulstrlct of Columbia. Appeals may be auywl,e
lnt.ercat.ed ID the event of the cauee.
~~;'. rfi"!1~ 1':...iisu~tii1~f~0 1t~io~b;,~y~:1~~eof':;!~f ~~ew~~;!e:
De•cent and Dletrtbutlon. The ordinary rules of de9N'11\ cu,90Utltutlonal 4uestloo or some treaty wltb a forctrn power Is ln\'ol,·ed.
be st.11tcd a.s follows: I. If au lnie.ta~ leaves a cblld or chlldrea. or
A.rreot. There Is no Imprisonment for debt In the District ol
descendant of sucb child or cblldn-u, bis property dea«n ,11 co r, -•
Columbia . The court has tbe po1ver to Imprison tor non-payment of I child or children. or their dcsc,,odanta. ■ublect only to the Jo•<"r !"',~,
allwon>· In dl\'orcc caaes.
of the ,,.hlu,., If there he one . Z. If the estate d.,_n,1"'1 to :!>e
A.ttuhrnf'nto may l"5UC at Institution of autt or wubseQueotly,
\~~•~1~?s~~S,.~~e0f~~y°~h'i~~. 1t~~:r~rt~0
1r.~~~-e0:.
~~ !~~~.\~ 0!h~1::~~l!ih~rg~~~n1:~h~~~ra,~:,c~n~yr1~tt\i
descendants. 3. II none, to the mother or father or tbe anr-e.:a"
.,
of the lnte!tl\te and their desC<"odaota of the blood of tbe :no, t,c -"
r
a..od that dckmtant Is a non•rt.·~Iurct, or cvaf 1r! i:,crvtce o proc-~:i-s. or
father, grnndmothrr or grandfatbcr, u tbo caeo may be, IUb)":"("t 1,(1 ':H
1
·b~~d~r~od~~~~~\':n~s(~~~~~JJ9
Widow 's Uower.... tr nooe. tbeo to tbe bu,band or •If~ ~D.J :....... _•
lently contracted. Crl'dltor must ,rive bond . with approved sun•ty
" 1ndn-d 10 equal <le\rrce. eQUl\lly. 6. No dl!llttnctletn ~t Wt"("D •t~ .r
Prepared and Revlaed by JOBlf B. LA-, E■ca., Attorney at Law
WashlD~n. (See Card ID Attorneys• List.)
s°~f:fa~
e:'oep-:"1.:
.fe!:~~fo .'e~~i
i~~Utt~t;:~~r;
~1 non~,.':'.\:!:.,.~,
:•::°a~\
iu:: ~~::~r
:
l~~~':: ~!1~,.~~°..n~\ : -~
•.
t,
gf:d1iir8~ro~ef~~ict~~o~~:t:r "~;!~/~J~~~
~r~r~~·i~o!t. l~cll~rg;;:,';te,bFr ~rag~~~~;,:nlat;l~D~~~U~°.0u~'.it 0°i/ll
BIii• and ~otea.
The common law ol Y.nl!'land relative to h1ll1
and notes. except wberc chAn1tNJ by ~tntute. ro\.·crn~ all ca.st-, In which
\bey are lnvol\'ed. A law similar to the :<,ew Yori< ,',egol1111>h- los:rumen ts L.a..- Ill now ID force In tbls District. (See Le1rat lloll<lars aad
Prot,·st.l
Chattel !\lnrttr•ir"•· No hill of sale or mort1:111:c or dr~d of truot
to accure a Ueht or nn>,· pc.•nonal cb1'ttcls wherrof the vendl)r, monCftt<nr, or donor •ll~II remain In poS>csslon, Is ,·11lld and cl!ectual to
I),.'\ .,
m, • •
•·
the title herein. t-XC'('pt ,u, bf'twt•en the Pllrtlca to such lnstru•
' 1 "" to oth~r per~nn:t havlnit ar-tual notke or It. unlctl5 the
... ,.. ,,,i ,,•J anll a c- kno~·led2'ed nutl within ~D d&fs rrom the
"'nowtcd.cm,•nt r~rort.lt•tt In the same maon~r a:S df'ed.a
l'I.Od a.a to thlrtl penoa" not ha,,lnir no t ice or lt, aucb
1l he operative only from the lime wltblo !rt.Id ten
, deth·er<><l to the re.,,,ntcr or deeds to be recorded.
r::t~'!t.'~'!L'::!~O=
: tg~r:~! ~liobdc~~
~~t1!~~Do~1ola~~1f
0!b~~~~:,Ot':;, ' : ~
~~o~h~;" o~r~f:~~~y ~r ~.!,;'~3::ts~~o
,t cbtld or <1c.•~cendants. the wldow ahall baYe on~thlrd 00 1., - t~ r-a
child or dcsc~ndauts. hut parent, brother, eto.. lbe Wh1ow ab~l u~
ou,-.bnll. The surplu• aball fo u tollo.,., (II tr chll<l:-ea or_,_..,...
dauts, to them CQU/\llY pt"r at rpes; (:) If DO child or de>cenda!lU o l
a lather. tbeo to tbe father; 13> If no father, but a mo t ti,r . t?>•~ ,.
the mothrr: <'> tr none. but a brotber or elater or dt'~rn ,1.,::t'- ~
them cquull:, per atlrpes; I~) It none, to oollateral n,ll\Uora t::i ..-: ,ll
de1Crce; t61 There ta no d1!11tloctlon b~tween I.be wbolt anll ?>&U t,.• -~~ .
I t7J :,,;o rtprt~utatton arter descenda.ota of broth('n AD'1 A•:..r ,.
tS} Bc7onJ tb Oflh d i c tbe peraonal es\ate
to
-~
Ulct o Columl;i&. un 'fh~t•b.usb&nd on deatb ot tb:~r~ ·,, t;:::Ll:'.i
t
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:i,~~l~~;r:~~'t'!.!~~ua ly resorted to for pro...ioa ol panJ..,. J,..;~
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lltt-o ackav•l~l.crJ In tbe manot•r prncrll>W for
hr@, ma•1" b, a notary puhllc un,1r.r bll b&o.J &Qd
r,-~ ,1,r,•t., ·•1 t rN hlrut .,r tht' l' !.'\r-e ,,t:nt' the ?11!! ti
d1ah C'!'!i••t-( f ,• · 1 >
f u!'"l'! cn hil,D th~ r~, """n1"' of two or morf' rrr-1 lt•I I!' •Jtnr•r• .
a
\\.hue
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t..- t1111y prntr~~rd for
hy n,...C·PA)"..-,~nt. n
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t,111. prol~.i lb<rN.>f ID ......
SYNOPSIS OP
THE LAWS OF FLORIDA
Rl-:J.ATISG TO
BANKING AND COMMERCIAL USAGES
,•~pared and Rnlord b'°
\!,.,,... """'"'"' &
8LOU1"' •
AtL<>rnc~·• at Law. l'tnHI&.
AN"OUnte.
c.. ana,
Os- ._uni. a,. barn,d IA Ulree rearw.
Arknowl"dc,n,.nu mu11t In fl'Yt'r◄, ID1tanae be un,ter official
N&I.
It mn ,1• In thf' :--t ~tf' or Flur\.t.'\, ma, l,e m11de t,~rnr~ •uy Ju ,!C't', Ju11tlot
~~ \~"J:~~~o~l;r:, oth'!"~~~:~~I=~~ o~~tfiY~r:;pr ~~tt~ ost~'t,!!.ry~r~'.'.!lo~
t ' nltf'<1 St.Alf'~ Comml'"lnnf'r ot flttda APJM>lntN1 hy tbt' li:'O•rrnor el
tbl1 ~~1\t". nr t"f'ftH~" Ju ,t~ or C'lrrk of n. n )' court or tbr 1'nl\~ !'>tat.el
or or ftnJ •!l\tr . urr1tory or lll1tr1<"1. hA•lnr a •rAl. or t~fnr-p • notarT
f~t~~~~~,~~~r ~l~~t~rhr!~1'n'c~~~bor:~~-D~e.7t1pt1•i';r. l~~;l~irtpCr~,-~,
Jf maCM
~ uo .i t-r tbf' w-111 of thr rour1 or offker u the caap, rn4, he.
out o f thr t • nttt"tl ~t"tnl, l"<"fore an)· romrnlutooC'r of dNc·t1 appoint.eel
hr th~ irov~rnor of the St.alt'" t.o N':alde tn 1u ch C"1JUntr; . or an)" o o t•rJ
pu~1llt' or 1u c- h fuf't'hrn oountry. or helure any mlnl1tt'"r cbarce iJ 'atralrtll.
c1nn1ul-cC"nf'ral . o,o .. ul. v1N'-("(ln11ul. ("l'HDrnt-n-l&I Arrnt. or Tlot--COI»•
fflNCIAl ftl'f'Ol of the t'nltf'd Statea appolntrd to n,altlr In fUC'b OOUll\l'J'.
Co nv~yan~ or dower and powt-rw or attornr, fur \be e-1t'<'1JUOQ of
dtt,!t 10 re&l eet.atf' mus, t.e- e-1.t'C'uted lo Uke manner•• oon•craocee o,f
A •ltf"'I acknf\• !r,J6fmrnt mu1t be t&kf"n M'PA1'.IA u d
fl'.&l Ntl\te
( )f!\C'ltn mu ■ t orntry tbal tbt- cranton af'I
11.tlftrt. frum ber buthanct .
DOWD IO bllD. Tlae lollowtac II U1e ... ...i form adoptc<l, YII
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BANKING AND COMMBRClAL LA~S-PLORIDA
1334
-----------------
-a::-:,~-~---·'
aanaal NAnl to tlle 81iate oomi,ualler ot _ , _ &ad Ila......_ ea
&dYerllee ID Januar, ol eadl Jeu' ~ of NOii, properlr . . . -
tractual lndebtednesa. Before organization \be wbole of tbe ....,.
stock must be paid In cash. 91-0Ckholden are lndlvldua.11.J" llaWt le
the extent or their stock at tbe par: value t.b-.t, In addftkm
the
aD1011m ID...-.ced In e&ld 11118"11. Olreelon be e t " - . . ae
United lkatea, &n4 o,m ten earee of etoek ar 1100 ~ ......_ ~
eom1)Crc)ller, wttb tbe a'd at Sile coumt, wlnda, up \be &6lrw el....,
Ymt bankL
Belllre._..._. ... ,..
nr....,_.. ................... .Nd
1111 Wife .•.•••••.•.• im- to - to be ille IDcDYldala dlNllbed 1111
ad WM a.....s .. tlllrello&N - - - . i " ' ° ~ S M \
'°
:1.:!~~~~-~-~~
~-e· ~ - ~ - ~ W I i e ~~ - •. ~
......... . ..... belllc 1w me turt.ber and prlv1ly eumlned ~ l e
Md &put from llu iald buaband, aolulowledireii and declared \bat
. . u-ted \be freely &lld vohlllt&rlly, and 111tllout fear. appre-
:==r::
-
___,... eompulaloD. or ~ t-~'-~ from. lier Al4 bll8band, and
._ me purpoae of ~ and nlUIUlu1&blDC all ber rtpt. of wbat- • ldad. Ill 611d to 1&1d .Property•..
Olv• 11114w mr llaDd and aeu olD.cl&l &Illa ••.•.•. - - or ...•....
s•. •• ••
NOW)' Public.
ll7 CCMPmksloo ......................... .
AeU- 8alt11 dl&ll be beCUD Ollb' ID lbe county (or. It 1 - t.haD
•Ho ta Jatlee cllnrlell 'll'bere \be defendant raldea, or where \be
flt IIC&loa eecnaed, or wbere tbe property ID lltlptloD ta. If
llnUCbt Ill an,- CIOUDIJ wlMft defendant does not ralde. tbc plalntlG.
or ~ In bll bellalf. aball Ille 'll'ltb the prectpe or bill In cban~ - •• aaldaTtl tllat \be 8111\ le broach\ ID Rood !alt.It and wltb DO
&DleDtolon to PDOY t.lle defendant. Thia latter prov181on does not
apply to 1Ultaar,a1Ds\ non-raldenta. Where there are Joint dctcndanta
IAltt may be broucht ID &Iii' court. <or Justice dist rlct) wbcrc any one of
&lie defendant& raldes. or wbere the cause of action accrned or where
111,e property In llttcatlon ta. Corporations <domestic) can only be
aued In a county wbere tbey keep an oOlre. Foreign corporations may
be sued In any county wbere they hl\ve an nitent.. or ,~here the cause
et action accrued OT where tlle propen.y In 11t1w:at1on I•.
.AdmlnlauaUoa of Eau.tea. Upon tbe death of a person Intestate
ow having m&de a will but appolntlni: no executor. the probate court
appolnta l\n administrator, preterrlnit nrst th,. next of kin: but If none
nch apply, then, upon notice irtven by pul>llcatlon. any cr,.dltor or
1d~-~th~et~f~)~~t~~!
r:::r~1"c,fc;:Jg,~i,1s~~tro~n~1t'f:1~
eourt may order the sheriff to act. The admlnlstr~tor 11ppol111cd l>f
Ille eourt mu•t irive bond In /\mount to be nxed hy the prol>ate JIJ<ll(e.
weep~ being hnd to the value of the eotl\te. The •h•·rllT wtU'n acting
u administrator hi liable upon his official b•rn<I. Clnlm• a1t11lnst an
U:J~~~f.icb:t~~":,~~~=:.~:r.
-llector or bolder of commen:lal paper, attached to bill or
ncept by expttee conu-act In 'll'rlt.lDc. and t.be olftcen, acea1' _.
employee ol tbe carrier are required to comply wltb lbe - - of . .
bill of ladlnc 11114er penalty or or1mlnal p ~ , . . . _
Chattel Morts•ce• and Beede of Trust. All convey.-•
tended to secure the payment of money are mortsra;i:es. Claaftd
mortgagee must be recorded or tbe property delivered to ~
to make tbe,m c!Teetual agalllllt bona nde creditors and purcb. . . . lir
value. Injunction will h.- granted agaln9t the n,mo,,al of ....,..,..,_
persorudty from the State: can only be foreclosed bJ bill In ~
onlc,is under SIOO . 11nd upon pttsonal properry, wben a c , o m - ta•
~~~~~~l~:e b.f!{,~gi:,t,:,i: ~i:i•Jl~~t~ 'fr:ii .ma'!• :!'~e":.~'{~:
turbed hy statute. It Is a criminal offence 1-0 morttrnsre penonal _ , .
eny more tban onoe wltboot the consent of Drat llenor.
Collateral !le.-urlty. 1t Is a mlsdemt,anor to sell. pl"'1r. loui. •
In any w1>y dl•pose of collateral security without tbe r.on~<·nt of pt<'dror.
A wrhten airrccmcnt may be made at the time ol maklnir tbe pledp
for the snle ol the c..,llatcral In such manner and upon sucb tenm M
tbc pariles may desire.
Contracts. In order. to bind an admlnlstmtor personall,-. OT oae
~rx~~P3!~;•~it ..:
for the clPbt or d<·fault of another. or out• upon an nc-H·<·m("nt m&de La
coosh.1cratlon of maniag-c: or upon routra<"U for tht' salt.. t..nrts. ~
menu. or bcre(11rnmn11:; or any unct·rtnln tntt•rf'lit thf'T"<'"ln. or for 4l2J'
~c;tsiot~~r~~:/lo~~J>~~l~~h~oonn~e;,!:;~;~~~ ~;;i:t:
Debts due morr than llvc y.-,irs prior to Math
&ff UanN. s&\'tna- to married women, mlnon-i and J)t'f:-fOOr; non comnos
111mt1s. lmpr1son~d. or out of Stott>. thn.·~ yt>nrs. 11.rter n·mo\al of lilM•
subocrlb~d tor or ordered In wrltln11.
bllltiffl. The compensation of the admlnlstrntor ts d~t.-rmlned by
lbf": coort. 11nd, lo addition to com1>cnttatlou for ht8 onllnnry dull~.
Dot to e~ceN:t 6 per cent of money r<"<'elved fnr &.t.k~ mndc or nersonnl
aDd real propeny. Admlulstratore must make normal S<"tt.lern~nts
before the Orst day of June each year or forfeit commlsslollll.
Afflda-.lt• may be made before any Jud~c. clerk ol the circuit and
aapreme courts, Ju.•Uce of the peace. or uotary puhllc.
All<'n~. No distinction between and citizens, except tbat they are
alloffed to vote.
Ap.-.alo. AJ>pellnte procccdln~s for the common law side are hy
wrtt or error. wl,lch must Ue succt out wJthlu lil:\ months rrom thr, date
ot tlle Jutkmrnt. The record mu:-;t bt' nlt•d In app, ,IJat,· court on or
~
i; ~J'~~~~~~=
or mrmornn,lnm thf"rf"or In wr1tlng •dv.rn•d by tht part)' to l.,it' c:h.&r:cc!..
or 111omr- ont- h-1.\Vfully 11.nthorl~et.1 t,y him. Coutra<'t!'I ror ' " t - !IE.--uie ot
J><'~nnal JHtlPt' rtY mu st. O(" In wrttfn~. or lhl"' property mu1t he- t.kliveftld
or t•arnt•~t monf'Y paid . ?\f"W~pnpcrPJ a.od periodlca.la m\&ISI eltber N
tll'tate are barred after two yt>ar!4 from date of notlcl' J{h·en by :,dmlnl~·
mtor to J>rcaent same.
~
a -nanior of tbe quaatliy or quality of \be 11:00da reprc•nned . . . . . .
1
Couve)'a.u~e!I.
lSec J\c1rnowk'1irmcnts.l .AIJ convefADC"t"tl" of real
~state. or any tntP.n-~t thcrdn roe u. t1•rm or yt·ar~ of n,.,:-~ th ., n tw"
years. must \le hr t.1t·t·J lo wrltln~ . sh:u,·,t. ~,·.1.tctl a.nit df"Uvt·ft-d ta '-'•
prt'~t• nct• or at kma two s111Jsnlf,tng \\ lt:'l.t'S<I'~: and iD orY..,. to be
effcetual n.izalnst su\.n.;tq u•·nt .:-raut t'(' S or i orum! ► rancc-~. ,:l'Jtt be
ffcord c-d. Thr \,tk'" SC'pa r atc Cl:it.llt.' r~1n t,, •. cou\ ,.·>·,·d only t,y ~~
Joint Ur<'d or ht'P-«: lr un,t hu:-t,.-,ntt. :ind connnnM h)' h 1·r ac-1..:n,.,.,..'.-..:!cm<'nt. tal.t·n sc·p•Hatc and apart rrom h er ht1!-h:10 1l. \\.on.is or ttmtta,.,
tton unrn·ccssary. llu~llanct mn.r convcf Ulrcct to wtre.
tre~i~f)~':,t_Ju~~ o~1\~ll~~-r0 [t:,i~~Z~~I ~~~,•J~ n_.~·11!~:~~~I u\~1/1:,1~r~~ p ~ t ~
!
scrlp t lon. Chnrtt.:r kc ors: tor cv,·ry 51.01 10 or cJptt;tl st•lck. p&fa.bilil
t.o tbc State. out no kc Is less tban $j &nd none ovt"r s:~,o .
before the rrturn tiny ot the- wrlt. untkr pc:n.ilty of tllsml!-..;.1.I. QuesCo11t:i1.
Noo•re111<1t>nt. pULlotUf rerp1ln"fi to c-lvt" $100 OOod LO.._.
tions or fnct Cllll onlr he tnl.:.en up by hill or t·,rqltlons. wlltc:h mu:n be
ooets. The udeiul11ui n1ay ha n, euti ui•tul•""'1 II t.ouJ I• n.,, itlv-.
Court!I. <"lr<"nit. r:onrts; holfl two t~nu, a Yf"Br tn ..,. .b «-rr,.
rer~:;:!:~•tt' ~~·.lth~~ptf~~;~~'rlr~l ~t!~~t~~u~a~vnt~;s t';>~;g"~.ln\1r;1l~i~ t~~~o~~;~~
exrrpt tn flrqt anrl f:"IP,·enth drt'nlt.... wher4' thf'y b,)l,t thr-ee ----=»
and tlw law ~o,·ernlug wr1tR or error a~ tar as tt rclatt•s to Olin~ or
• year. an(I have oririlin11I jurtNik"t-i,)n In 111! equity C'3AfW, aJ.., LD .O
\ransc-rlp1s ot n·conls anct l'roccc.-din~a th1·n·110 nnd filing nssli!Ul11t'Dt
of errors. th e dut),' of app,_• late court lo l!lvln!l Jud~mc:ot. In cau!-i-\n~ , <"a.~~ at l1'W not col(ni1..ahlo Ly tnforior court&. t 'nun,,· (""(',iu•,- _,..
juri~kt Ion of amuuuts not escee-ljn~ lt,oo. Coun,y JuJ.r1• . .a .U
execution of Its <kcrccs aJH.J quashln~ wrlu or t·rror. an· aµ~llt:al,lc
tlrne-4 oven for probate hw.iuuse. bav~ rull prohatt.' powor.... J,..,,,• ..ai.>
~ttP~~·.i:is ~~dC~lic°o~:rJd ln!\~l~CJtg:_ 01i~·~l ~1~-e~h~~~~r?~t~1 ~trtcJ~:f!
diction.
A.rbltn,tlon. Parttes to the contro,:rrsy ma.y mn1-.e n rule or court
civil jurlsdl~tloo to extent of JIOO. Jll>lbie'a jurwdlci.tun. SHIU.
Creditor•• BIii• m~r he bro111thf hetnre eh1lm 1' n-du...-.:1 to tttdlnwnt. but sull at 1111v rn11st be llrst bruu(Cht and Judgni~nt mtat lie
obtained l>dorc dt·cn·e c.an h<' rt'n1.krcd.
Daya of Grac-.e arc abollsbed.
of All}' nrbltratlon to which thl'Y may det-lre to suhmlt hy tiling a state.-..
mt·nt or a~rl'c11wnt or the mattt·rs they d,•~ ln· to arbitrate In "'rltln~
with the court havlag- Jurlsdktlon. whlcb otatetnl'Ut stvdl Include the
namr-s or tbr 11rhltrators and the umpire. An /\Ward upon sudi arhl•
\ration can only bt· set a~ldc ror frautl. corrunt.lon. 'tro~s oe.:ll!;.!t•nrt".
or ruisl.>cbnvlor or one or more or the arhltrators or umpire. or <·vhh-ut
ou?~~~•:•g~::'n~·~fo~~/t~.~~<~~g~ ;tc:_~::-:: 0:~ub{fu•~~II~':'~
State to rt"maln unttl af~r the trial or the cause. or ll , ·f'ry ac-,;i ;sr
tolirm; or whe·n 011tb I!!! ma.de tba\ a. mnt(·rlAI pan ot th~ ca.st.· or J •. ,,.a,e
mistake ackuowleug<Jd by the arbitrators ur umpire. wbo maue and
11&ned the a..-ard .
Arrest. No arrcot for non-payment of money unless It be !or non•
payment of a nne lawfully Imposed.
A••lsnment• and ln•oh·ency. A•sl!!"llmrnts by lnsol\•ent• are
provided ror by lnw. Prercrell(."t'!I are not .i.llo\Vt·d. All propt:rty,
~~rt~rd~h~µg~1fl~~~;~~~-mt'~~yll~rn::~c~fw~~~t'~1i.ac~!-~~.'°~;~t r ~ t ~ = ~
one oommlss~oner mu.st t,«, glvt·n to oppr~he ,-hie • rr&"-.1nAl>le l.ba.a
bdon· <·01111111 .-. ... ion b l~:'iUt"d. Printed tw:trurtlone tor \bt> cul'1..., of
conuuissiu1u:rs usually accompany conuul:;.~loo.
f t't"6 of not l~sa c.~u
S~.(1(\,. wli.uc.,. arc lO t.e toJ.ed &11 costs l>y I.be clerk and paid bJ ....,_
exct•pt tb11t which la e~empt. must ht"'c surrf'nlined to tbe asslJ.!ll<'c .
A~hrnce ~l\"CS bond "nll wtnd~ up est-Ate. The a..stiiinmcnt docs no\
partY.
lb:,, t:~l~~~ ~~~ ~ ~ r~~l~l~~;~c1 ~~
~:iu;, I~ ~i7r 11~1::t~lt;O~~~r:cft;~,!~~ft'fg~~~
pnrt with hi s prop,·rty b<-!ori· Jwkmt·nt l·an \Je
ant wlll rruudul,·ntly
f'e(".o\'"rt·c1 or la actWt.lly rcmovln'l'. hl5 1Hou1·rty. or I~ altoul to renlOYt'
out or the ~t,lte. or rf'sld1·~ b1~yond tbr limits tlwre of. or ls nctually
ttmuvlni,: or a.hout to rt'mo,-c out of lht· St11tt·. or nhfcond~ or conc·t>als
blr1,elf or Is ,wrrctln~ proprrty or frautluli-ntly dl!-(H1 s1 u.r or :-amc-. or
actually removln1it. or lR al>out to r,~mon•., t.n·on1I th e Judlc-laJ clrrult
IA whleb he she. or tbey r<"sfr1c. Attnc-hmt•nt mny a,J.50 tssue torn. dcht
8t~l~
rri~tll~~~
~~\~~:fis!h~~ri~'t1~t;h~t~~
h
~>~;.~•:.i;;~ ct!~~~~:~i
~r,;~,~:~~~\'l;
~t;:.1~u ~1~,,!~eo,s,~~.~~~I ~rg ~h!r~~~!~;.::~'~r t'rtj:!~~(?l~l~:r ~~~:;~~'!~. r~~
18 fr:uluh •ntly St.•1·rotl11i:: hi,-. µropurt\' for :stwh purptt,sc-s.
l'ruuf mu~t
l.t}' arUJa\·lt otl.Jn than tlrnt or tlw pl.--dntlff or tht• r,l... t1•nn:· ot tbc ir.rh:cl11l iroun<I. Tht.· mal.lnl.! of thr atn•
da,·lt CAIi.Sf'~ :,11 tlelit!I to maturr f,>r thr purp111'11r!' of th<' 1;ult. l'lalntlfJ
IBU!it !live bond. with two fwcurltlnt In at l•·H~t Uoul,k the ckl>t ur "-\Jnl
d('mtsnde<l
S,•r vie~ or nollc1· or th<' suit :n :,y hr rlthrr pn:-,,r1al or
by nu111\rat1on wlwrr ntt:1<"hm,.nt I!!! k:vlt',t nn,t proprrty 1~ not r,·tl\kt·n
by ,1drnd11nt. Nn .tnct1t n.11,>,vNl lo rlvU ac.· thms.
\\.rlts or ,mru i._ h.,
tn,·nt mnv hf' 1nu'°'I l\t commf'nC'f'mcnt or :,411\t or at ar,:,.• tlr11C' at t ,•r..
w,u,I. pr,nhl t>U tbc ph-1.!ntllf, bl:. l111tnt or attorllv)' , 1-1Ul makt: nllidn\·lt
al~. l.H: t.•J.blhitrtl lo tl.i(' officer
~\' ~1~~t~1r:o\lta~~~t ~~~ll~~n\l~~
h,~1~1.~-t::r::1~ r1.~\~-,·~~~:~i
b,,__o OLtdr. !'U!lld("nt to 11tal l~fv such ~·1t·rut ioD .1, _o,; he b'°llt·Vt·!- ht• ~hall he
ahl•.· to ohr.ilu . 11.ud 1.hat a.1Da.Jll CJ.pect.a &.o ultttt.Ln a jut..i"mtmt tor a
Sl)f'rltkct amount.
IIMnk...
:'\:n hnnkfn,1 t"nmfl11ny !l'hnll h~ orv,,nl~f'il With a urtu.t
lf"llt"' tti 111 S :"\ 11 . WHl . ,•, c•· pt 1ll c1 t h an:,-1 t11!h rt r:q11t.d of not lc?-8 tbnu
a1 ~.ooo 111 ., y \\ 1 ~h 11rpro\'l'\I •>f rc,mptroll,•r t,t" •H \•·1nl1..f'"d In 1,ny rlty
or l O \ \O (' • •tit 1\t1 1 n~ nor m ,1r,, 1)l:1 n J llj\;\ \nl1Jll1lt ;:f 1h. 11r1r1 ihnt !nOk5
W1th :\ c1r> 11 .1 l ., ,, ,·k or ~~ -.. , 11 ,0 m :,y . wt ~li th• · ;1n pro ,· ~,1 hf thf'" romntrol ..
l«-r ; ,. - nr~ 1ri 1 •• ·1' 1n :tny d t y or to \~ fl ,...r 11,lt mn 1, 1h ,·tn I\ 1100 1nhabltarng_
Sn, ::
• " m."1 y l 1•1 •.-,- nnL IP .. ,. tt i. ,n ~::,, PilO (· ,n!t:11
Banl<-1
•: :.
n•t,, -r eor1" 1r .' \ft n 1Jfll l'trl" . '-111' ,·;d i Unt H• ·:.: IJ 1 hu.clfH"~'\ unttl
~..
' • • •·nr>1p•1n l ' "r
Th., c•otnp1toll,·r of tht· ~t:111'" m:t}'
• l"•· thr i,,,,.,n,•r-!-f f)r tl11' t,.1nk. :1 n,I ln..,1wct n.n(l
p :qwr~ . dnn11 r1 r·n1'4. 1nl 111JTI"" . nnd cv, r,· trdui:- pc• r ..
• of the hank . l\aolu an.' rrc1ulrt·d t.o m;ik.e a semt-
a
i,•~~';,\1.'.' ;,r!~,;~~l!y
ToD~b•~e.,';,~,~~r':.1!1;J-"h~::~~~~ ~~ ":~~!~ree"rorrt~I~
chlldrrn tb,·n all (o the bu,baDd or wife. 3. If thrre l>e no ct,!14. .
bu~\lant.1 or wUc. then to th~ rather or motb~r in ,•q,1,l •hAh...__ 01 w
111n'\\·or.
4. tr no father or motbtr then to thf' brotbt"ra aoJ st·'-1,dW
.!.;
release debtor from debts not sa1ls1\cd t,y It.
t
and thdr dc3or•ndunt1. ~. If thr.rr: bt'. no hrothC'r or ~\l'l!C'r DOf' . . _ .
d•·srC"nd;tllts. lt\l"D the f'fHntt sball be dl\·hird lnto mol,:t l <-s. On&- flf
which shall ~o to the patrrnAl n.otl one to tb<.: m~u,·rnA-1 ~. ,·~.ac-~~ ta
th~ rollowtn~ cour:,.~: l. To gnru1f'lthr-r. 2. Tu ctranrtruot.t-tt.
unclr~ an,I nnnts. 3. To «rent--,n-an,tfhthrn. 4. To c-r.--_,t~.::..4nwth<·r. brottwrs n.n1t !tl~t,· rs or i:-rc.:,,t-i:rc111,U.1th("B. t'tc .. p.a,55\0.C. .1r.to Of'arf"~t llnt•al malt.- anll then to lhH·al r<"rnah· &uet.·,wrb ol.-.1 ,~ rv
dc·11cemtanu
Tht- estate or 11.n lnfout Jccelil\Ul. U " :1.hout v.,...-.,
lcavln'l' no hu111bl.1 ntl or v. ltt', sb."\11 tlt:'flCen,t : 1
To ~\ h,·r vC la.a.:n..
Z. Mothrr or t11ra11t, a . 8rotbcr8 and fllttC'Tii or iuC"nt.
4_
!2
ca~f" no fath<·r. motlu·r. hrotht~ni. or slstc-rs or tbdr tk~-• o..!aot• ft.1'vlvln~. th,·n It ,1, ... 1•c111J~ a r con.lina; to the 1t1.•nt·1al rui."' oC '1rAC'C'U
-~lt"'A~
t~!-~,\~-!r
11~ H(~t1.~i~~~~d~,rlnfi;::~~I ~ 111fla~~~T--~/~~ ·n !';
~l~r,~1/~~l'\~ r?.Y
trl\n~nilt throt11Ch rnorhrr·~ ~tdf'. &8 tr lt-:.rhlm&t~ . ,\lh-tl.P l~vc- ~ -=•
rt~ht 11.:, dtU.1.·u:t. There are no CAtaUcd rst.atm Doi' rtctu ot SQrVt.,....
eblp.
Dowf'r.
The wt,!ow I• ~ntltll"d to nn,,.thlM nf t~ real ~,.,.
Ure. a11d onr-thtn1 l)r thf" pcr:-on:i.ltr lo h'<' !'limplf'.
year t'il·c-l lo t.okt.· a chll11's pan. In llt'U or ,towtr.
1-:,,1<1 .. nt·•·
s.r
May Wlt~tr. oae
Wlln,..... not dlSQUAllllt-d b)' reaton or lntet"f'fl
ta
C1\'ll ,.,,.l~~. bu~tmuil nw1 wUt> fTUl!,' t• ·:-tlh' for or a.r"lfi -. t •~•·b ,,t.!e
In 1uit ~ hy or tutaill'4t lluuttlC8 or pt·rboU.'\l rrph•~, -11·.i-:I \ t~. ,-,~:. !-Ii•
law. 1u·.u or kin. a.,,.Hi,rui•t!. lt~3tc,•. tlo,·1~1.:e. o, ~u·, l\l.lr ,l: 11. Z'• ,.,_,•
dt'lTn~nL no t>\"ld1·1JCf' ur H. t.rnll.'>Actiou tJr con,mun iC' '\U .... o b<·-• r-=
8U<"ll Juoattr or iln·t.·a:,; C'J p(·nou auJ \b1.· UP\l n~ln.t t..;1.r~) , ► r :.h,,-,.- ••~..:a
wti,)m 111' cl ;1 l11 1s . 1·a11 Ii<• c-l\·,·n hr tlw 0Pp 1•~1n..: p 1rir un!,~ .. - · .-:· !"...,._
tfrncc· ts llrsl ottcret.1 In IJcl.ut.lt o( such luuat.ic n:v:l·.!'t·ni.:.: 1, ...~.., _ hC'~L.allll.
dc\-lM 't"'f. •· tc .
t:,N •uth,,u,.
T-::tt·ru~loo~ can be:- laeurtJ tmmc•,t\.Atrly u.t\0,0 . .
entr \' nr 1h1- lu-t.rnwnt and witbm thrt.·t- y, ·11N thn1 .l r:,: t\:,,1 A~ a :".!A
upon rr11l t·~t.,tr from dtlte of t·otry. a11d u1,oa r"r,,,a.:d P'.)~r"\J' t:-.,z
thr t1 r11c tlw slu·rll~ rtf'ei•.-eH th<' W. 1'la•;-· C'a.Jl be r,·hc'.l, ·~1
~ SU..
wtthln t\\c-Ut)' ,•rar!'I rruni c11t.rJ,1 or Ju 1l.rment.
llnth ,,...~ 4..D,1 ;~n,,~
lHOLH·rt ~; 11'1· -.u11J~1.·t t11 :.c;,lt, uu, k r t'Xt:t.:ULlu Q. F\.,•\." t .l\,.1n.~ ~ ,,..L~.:-,ablc "·bell .atlsUetl. •llerlll rcpurtiu&c
ircu 6' ea.:b ~C>. ~ .!aJ
Digitized by
oogle
R.\11:KING ANO COMMt-'.HCIAl. I.AW~
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BANKING AND COMMERCIAL LAWS-GEORGIA
1336
!Dll3!>rl'7 or the boerd of cllnoiora. No baAII or oorpor&UoD ci.uc
baliklllr b u i - •ball reduoe ltl cub ID band, lnducllll&' _ , ...
by banli:1 and bankel'II, and tbe value of all atockl and bonds aciullJ
.No l!uk
owned and held, below ZII per cent of demand deDOaltl.
oorporallon dotna a bahk1D1 buatn- aball loan to &D>' one ~
or
SYNOPSIS OF
uni- ■uch loan la amply aecured by IOOd collateral aecurtv. tb&n 10 per oent or ltl capital stock ana nrplu. Banb 111&1'
same rate of IDter'IIIB a■ llullvtduall, and tile rules of baall: ...._,
Uaat la to ,ay, taklDI IDtere■ t ID advanoe within tbe lawful m.ta.-...
been beld not unrto111. No dividend •ball be declared by ~ - ~
except from tbo DOI prolltl, nor ■ball Ibo oaplt&I ltoclt be appgaa le
the purcb&lo of ltl own llll&re■. If the w t , of a bank are fne:Mffl,..,_
to pay ltl lllbWU.. a reoelver wben appointed, aball brtnc 1111h aplal
RELATING TO
the stock.holdel'II ID bla own name for tbelr unpaid 1ublcrtptJou. h
the ablenoe of a oontraot, expreaed or Implied. to tbo OODt.ral7. \lat
baA11 taldnl JN!per for oollectlon la liable for the default, of lta &CGII
BANKING AND COMMERCIAL USAGES
and col'l'elpondentl to whom tbe paper bal been enu-ueted for Cll:>llatlon. If &DF ID■olvent bank or banker, with notice of IUCb ID9olve-.
shall receive money or seneral dopoalta. and fall to pay \be depoallor
Prepared and Revlaed by W1101sa & ELLI■. Attorneys at Law. At• , within tbree da1• after demand. such banker or officer ID ch&rre or~
bank reoelvtnr the deposit ahall be punlahed at im,acr1bed Ill tM
lanta. (See Card ID Attorneys' Lisi.)
penal code. The State ha■ a special lien for all public mo1>e7 dapoalted.
Aclmowledsmenta. (See Deeds.)
Billa of L&dlns and Promlaory :Sotu. A bona ftde a.-isAe1Jon1, All dll&IDctJon between IDlta at law and ID equlcy la
of a bW of l&dtna of soods wUI be protected ID bla \IUe ~ IN
abollabed. Equltable relief can be bad ID superior court.I or law.
It Will DOI be D_,.,.
■eller'1 rt1bt of stoppage ID tl'&Dllt.
111111
promluory notes ID order to bind tbe endor■er except Ill t.be
Admlnlltra&Jon of Elltatee, Letten of admlDletratlon luue ID
tbe line of prefenmoe. llnt to the buaband or WIie. ■eoond to tbe next
1
a!r•~
=~er•~· o~~rez~be~:~ 'r.■~~,:~~
ot kin. retatlona by oonaanlulllltY are preferred to tbo■e by afllnltr.
office. a. Wbere It la left at a bank or baAller'1 offloe for mH«aa
If there are aeverat of tbo ne:l\ or kin ID the 1ame desree, preference
Aooommodatlon endo1'110rs. auretlea and endo1'110n may be ...S Ill
la 11,ven to Uaat one llelected ID wrttlns by tbo■e moat Interested ID
the same count)' and In tbe same action With the maker. cln.- •
tile estate. U no pretereDce la cxpreaaed the ordlD&l'J' exerclles
llll dlacretlon. If no ap~llcatlon la made by next of kin a creditor ' acceptor. BUii of cxcbanre must be accepted ID wrtUns IO 111M
~~e:~!°~ebt!r~\~r:c!e~.£8{e!t~~=)·~~~ ~ t
~~C:~'!ri:l
t t :K:Y!f::!·,1~~D a
written notice of Intention to 1ue with amount and term of CQIIUt 1e
by atatute for that purpoae. Admlnlltratora must r:lve bond ID double
which suit wlll be brou1ht. ■ball fall to pay aucb debt before fttVII
tbe value of the estate. Out of the estate of each deceeaed peraon,
day. A waiver of homestead ID a promlta01T note la a bar lo no 1
Qe llnt cbarse. after funeral expen■e1, la a year's euppol'I for the
clalm as anlDst tbe collection of suob note. Promluory DO- . . .
famlly. to be laid oft by oommlalonera acoord1D1 to the condition
and 1tandlD1 of the famlly. Forelp admlnlatra&ora may act ID tbla 1 contractl oontaJDlnr l'Nervatlon of title to penonal propenJ" be executed before a not,l'J' public, Juatloe of the peace, or clenr 9' •
State OD llviDI bond to the ordlnal'J' where tbeJ' qualify. Tbe bondecourt of record, and mu1t be recorded as mortnrea to bold _ .
~~:-...!t~=:foflti~t~~~r.:it!
~~~to~~1eri:!
property &1 anlnat third partlca or Innocent purcbaaera.
bu the aamo IDt.ereat and will r:lvo the ame bond u ID the GIN of
Coll&teral•. Tbe bolder of a note as oollateral IOODr1t,- for a dftl
forelP admlnlst.raton. Admlnlatra&ol'II of other State■ may no ID
1tand1 upon the aame footlnr a■ tbe purcbaaer. ProPOrU" left ..
cbla State by llllDs ID the omce of tbe clerk of the court, to wblcb •ult
pled1e or pawn may be sold at public sale to tbe hlcbeai bidder. apa
II brou1bt. a property autbentloated oopy of their lctten of admlnllthirty da)'I notice.
tratlon.
Power to create corporatlona ID tbla State 1a , · . . Corporation■•
.ulldavu,. Pleas and defen■ea ID tbe COW'tl of thll State wblcb
are required to be under oath. may be made before any omclal of
~~~rr~~- ~~
~~~~e
tbe State or county wbere the oath II made, who la autborl.lled by
naV11at1on. expreaa. and telecrapb oompanlea and raUroada. ~
may irrant charters for tho oorporatloaa &Mn
U11embly
seneral
~.:i8he
g{ ~~ice~
~ !;'m~f
enumerated. A cb&ner for a prtnte corporation la obt&.IDN i. 1
lNd to aci. Any DOD•felldent teeldns equitable relief, wben called , petition to tbe nperlor oourt. Bettini forth tbe obJect. ~
on to vertty prooeecllnp, abould be sworn before a commlaloner of
blllln-. oorporatlon name. capital. place of bualll-. 1.lme for ...,.
~ sg,eie.t:.t.l1~~~0 ~~~ si;:::'!~~e~~~b~~t:!':-~d:f lnoorporatlon la desired, not eir.oeedtn1 twenty J'e&l'I. Tbe ~
i:re=~~~u.~,~~ b : n i : : ~
::Au~r..:o~~ulne. and that the court over Wblcb be presides II a
unpaid stock 1ublcrlpUon due by blm. In tbe charter of IDallJ' --■
oow orn.nl.led the rule of penoll&I lllbWty varies. ln ao- t.aa
Allene. Tbe 1ubJec:t1 of sovernmenta at peace with tbe United
etockllolden are liable as partnera: Io otbera lllblllty e11ataa ....,
Statea and tbla State are en\ltled to the rlllitl of cltlzena of other
States. resident bere, ID to far as tbey aooord to them the prlvUece
the reneral rule. v1.111 to the extent of twice the amount ot a1om Mid.
' and In aome banka liability ex.lsta only to tbe ex&ent or ltodl: u,d
of purcbaatnr, boldtnr, and conveJ'IDI real estate.
Appeals. (See Court,.)
~~~~rlY!lo~r;nbef~e
ArbltraUen. Under the law of Georsta dllputea and controvenlea
1'9latlnl to rlcbta. or property, may be nbmltted to arbitration.
-~te~~:.;,~~o:U:=3.:S
.u-reat. Tbe oonatltutlon of Georrta decl&rel that there lball be or dolq bu.al.Dal therein are required to rectater wltb tbe &cna.-r
of State and !!AT one dollar or be liable to a DeD<J' or S6(). v..._,.,.
no lmprtlonment for debt. But ID an actJOD to recover penoll&I
dlaolutlon or a corporation may be p,uited by the Su_._ c-.
~~~ t~l=°t~
upon Detltlou filed by the Corporation If autborl&ed !>Yf;~ ot
caplt.l ltoek. Loat atock certUlcatea mnat be eatabllabed t.,- ,-a.
and rood ■ecurlt~ 1 or deliver up tbc property, or allow to the atllf&o, tlon IO Superior Oourt.
llon of the oourt uiat It la without bla power to produce It.
Oo1t1. A depOalt of • IO II required ID CODl1a or reeoNI """'
AHlsnmenta. Aalpmentl for tho benellt of credlton are per- :
• :Jt°cit~:!:a~urr, before tho llUnr of IUltl and a depoalc of N 1a
mltted.
Attacbmonta. A nmmaIT p ~ or attachment will lie ID J
Ooarta. The term. Jurladlctlon. eto. of tbe eeveral coune or d!t
tbo followtns e&1e1: 1. Where the debtor resl<lea out of the State. ,
State are as followa: .JUSTICE COURTS bold montbl,- -so.. as
the
a. Where be la aciualll remov1n1. or about to remove. wttbout
. Wben be ableondl. ,. Wbea bo i.1111 1
Umlta of the oounty.
a leC&I anen. a. Where be 1a attem11t1ns to remove 1111 propel'IJ'
beyond \he llmlta of tbll State. e. Wbere be b&I dllpoeed of or
~ ~ m ~ C l o u o,
::iou
0
lhreatem to oonoeal. bla property, liable for Cbe P&YmaDt of 1111 debll.
COU~Y COURTS have monthly and quanertr -'Gu. ~
or aball mue a fraudulent lien thereoD to avoid 1111,Flnr hie debt■.
CJT'r
diction la limited to controvenlee not exoeecllDI NOO.
Alacbment will Ile to recover the purcb&lo money oC an arllole told
COURTS bold tour ■eaalODI per annum, but tbe dtJ' 0011n ot Auar.a.
wlleD the debtor la 1tW In tbe poueulon of the proper11y. Attach•
, baa elx terms. The Jurl■dlotlon of olty eouna la unlimited. esu-, &a
=~=J'•~.:: ~~f ~d:t:t.:!:ii: g~~•e~.:re.:ii\~
mattera or divorce. 1.ltlea to land and admlnlltratloo or eqUle&ble l'lllltoC
SUPERIOR COURTS b&ve JurlldlcUoa of all Malta &ad ,..u.an attachment. an<! alto as to the amount of the olalm. Bond and
verales and have exclumve jurledlcUon bl equity DOwen. cn-,w
-rtty, In double the amount sworn to, must --,mpany tbe affld&Ylt
oaaea. and 1ult1 IDVOIVIDA: titles to land. and on the ottmlaal llllle c>
and the omcel'II require penoll&I ■ecurtt,. Non-resident eorporallona
elusive Jurl■dlctloo of all C&lel IDvolvllll We or lmPrtaoDmea& ta iM
ant lllble to attaobmentl, and one non-resident may attach tbe
penitentiary.
property or another non•realdea, ID tbla State. except for - - earned wlthOU\"11e State.
Beede. Deed• to real atate ID Georsta mut be tn 'W'rt&blc, &a'
Banke. Any number of penona, not leu than tbree, may form
should be executed ID tbe praence of two Wltll-, ODe of..._ llllal
be an officer authort&ed for Ula\ PllfPON. Tb.,- ello'llld be . _ . . .
~~. o~t~!rb ~ : f
lu~~~~f.~~e..
In tbe office of tbe clerk of the superior oourt of the 0011n17 .,..._ &aoo
IU-lon for tblrty n&l'II, ~th rlcbt or renewal; to 111e and be 111ed;
land Ila, ud all deeda. mortcarea, ud other llena. abOQJd be ._,._
lmmedlateb' to be available &1alnn third panlel and . . _ , ...,_
to b&ve and use a oommon ■ eal; to appoint offlcera and &1ent1; to malte
cbuera 'J'o authorlH the reoord of a deed to reallF, I\ m,ua 11ie a1•
'!i~=.,C:•f:r°1ia
br;::-:i ~::~~
teated bf. or aoknowleclsecl before. If ezecui.ed on, ot Ulla Slala. •
&count C111a. notes. or other evidences of debt; to receive and pay
0
~~,:ao': ~~
11nt depoolta, with or without IDtereat; to receive special depo1lta; to .
deal ID forelrn excb~: to lend money upon peraonal eeowtty, or ' (the ccrtllloatea ol these oatoen under their -11 belnc ~ el
the fact>. When the deed le uecuted out ol thla 51.ate beloft a
=~~~fbr~:rt:.re ~r noett°e~~~ ::'°p~t~rt'; ~
notary public, the atteatatlon abpuld be under bla band aad 0-...
Tbe buslnea or the oorporatlon ■ bllll be under the manasement and
seal. In case of aoknowledrment It II better, as a matter
oontrol or a board or directors. to consist or not leas tban three or more
al wu•• to ba ve two wttneaoes1 be91dea the offloer wbo take■ u.., a ~
tban nrteen or tbe members of the corporation, wbo must be ownel'II
edrmen1. If executed In thie State, It mut be attested b,- a ~ ti
and holders or one or more sbarea. No bllnl< shall be chartered with•
a court ol reoord of tbla State. or a Jllltloe or the peace. or _ ,
puhllc, or clerk or the 111perlor oourt. In the - t r ln wtdeb Ille.._
1Z~1•~~P~~r. 1:n~~
~.:cbl~
1:!.1'1t~
~~:
last mentioned omcera reapecdvetr hold their appobacmenc. or Ir .......
pal<I In hdorc Ollnic the dcclJHlltlOll Wltb the oecretar, of State. The
~u.,n, to !ta execution the deed la aclmowled.,r:! In tbe ~ et
oorporn.tlon sh.1\11 he rc_>~ponslhle to lt!'I crellltors to the extent ot lta
:~=.o:~te,,::.'ll:lto:~~tecl~o"<rotrtlJ 11:a~,
0111,Ital nri•I ltll assets. and each stockholder ■ ball be Individually liable
lor "11 ,l,·ht1 of the corporation to the extent or bis unpaid 1harea of
than moncarea . , _ _ ~ ._.
Joana are In more eommon been bel<I to 11&11 tbe ablolute title and Protec\ acat.i 'Far'• nw,,-n
,~~k~~1~11~~~1!~ />!;r~1rl~~i::~~r!1~t)lo~~':~:l~~ene~u~:~ •~~~:f~~~z and
dower. tbe eqult of redemption remallllna lo tile mailer. for 1111 monrys 1kpo~lt1•cl thcrt·ln In 11.n amount equ&l to the race, \'alue
be levied upon until tbe debt to _.,. wlllcb tlle deed bu 1 - .,.-.:
of thrtr r,-- Pn:Uvc !thar<'t'I. All oorporatlon!I dolu~ a bn.nklnr bualneu
off. Under tbe law of Georrla th- deed• oan not be fotftl__. •
In tl d .. ""'l'l.tr 11h11.11 mRkc to the St11tc hank cxn.mlner. under oath.
mortraiea, the notes they are liven to - r e mm& be llued 1a .,..._
• 11h wtnir th" TeflOurcr-A or th~ Un11k or corporation. at, the
• 1""
0
• • • on any day t1p~c1ne(l by th bank e1amlncr. No 1
f1
~
'iuTr::::~:S ~fl,D~~
~ : ~la1Y:o
•,' IU otncera any mun"'' without ,ood collateral or
'
veyance. la the Fedei'al oourtl, however. toreclosun, can ba ,.,.._
Hy, an(1 when ,rnc-b lol\n eic~c,ls. 10 pt-r c-cnt of tbe . In equity as ID the cue of brdlnal"J' moncasee. U1V7 w111. 11,o.-., •
1
h,~u not be ma'1~ uoUl approvt-U In ~rltlnr by a
void aucb a oonveyance.
*•
THE LAWS OF GEORGIA
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13J7
BANKING ANO COMMl!RCIAL LAWS-Gt:ORGIA
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· - . . .,.. IH-lo~IDC lo bll wife. bJ Y1n11• of \be 1Dar1\&I ffla\loD.
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:i,.::r,uooe. lo •rt t tnw. bla rt.-tlt to th«- llof'nf'nl ot f'J.rm p uon ahoyt,
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dea,t•ttt . . Ille Pto&M'~ and •J!oN"'l r'\ea UM deU\ I\ ee<"Urea .
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cnoe
&be bn 1,,~r. Ma1ur11r ci, .. aotlce of dllbooor. No daya of
0orp,o,.':;_~nl&ed un,Jer thf'
&re allowed
Uu•y arc 0 0 .~
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h•llal.e Law,
4,-fi-b-.e 'T~e<'1 tu atr..ac h 1:1 .-1 , t. ttut hav" A l l tht' rt<ht..• of rrl)lr\'Y and
....
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ecltp<uauon., rn n , ~1t- 1tt , ,n and I••• o f t, (", >r ~•" """ ilrnltt•I to c1tltnr-~ t lo
h•t.. ta, <See nni. of Ladtoc and Promlaor,' No\elJ
e>ollry o f • b•Lao~-.:, t h f" e.1.'"r,;~ of 1'hkh wn11 h l t,-e ronuary t.o t.be puh l lo
a-nt•. IS.0 0-1• ao4 Wo<1<a...,. .1
OOtporauo~
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........ 1111..... Tb~ ... I• DO N'd~mrll<>D 1ft Ulla lltai. und•r Jodlolal
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IAlN f'll"rl•t ln Mlie of ult- of ,H tip .. rtJ uo,ter l&I. uecut..loD wbe,.
1" '"Ill._ Wh1 rh are '"""'IUl~I \.0 n ~Alu· J r 1~ 1•IU
porau n iu ar
Al1 "',rpa"IN m..ay tt'dNm In t•ch· e month•.
for t.&.l• OD"" •u l •)r c·t to l11 "'C"n•e ,,.,.... tor ,t ,llOIII' hu•lDf"ll" J\fl 1t "11 arr lla"1e
P•v~n,. own...i or bd<I Ill \be St&~o.
,:;oe w'l)vr&Uoi>a . l '
R•plev7. All rror<'r1Y ...1,.Nl under AIIArbment . dtetl"Nlll. or other
~..... Co
are \ ·o tJ •ttrn ~tra'"1.e. ••a r-d•. marr1a...._ Judcment.a. ulM. and wllla 1
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\u.QJ)• n , ► t N " t Lr )·'"~ t.r> 11 J(ht a ! ... 1ut Au,t 1,r t>t·u 1~d by t 1,,m1 .
Prom....-ur1t>' for It.a lortbrumlnc lo ao••er Dnal Ju<lrment of d~""'•bo 10 tH •l<' tu:o,r~.,,u,'°'.'~ t• )· fr., u,I llrfl \' (l hl In the hau tb o f the boh.Jf"r.
a
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Aal•• · S..IH ffll\Y hf, ma<I" 10 ... ,. drhta. hll\ ... ,. Mle of lloeka of
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A ptumt .. f' t,r An f"lf"("'\1\tlr.
1nmt1 ln bulk l!t dttmN.l f r auJ ul~nt unlcaa tbet 11tller J«- th-t'f'I to the
own ttt..atie
·!C'\!& . .. l"n. or lnnt ,..,,. _ to &newrr In rta m AICNI out ot hll , bu)·c-r a H"'t of r1II <-n-,lltor9 anc1 the r1mo a nt d u e e&C"b. lt aha.ti \.bcn he
•rrt.Alic of · &.Doth~ P'ilrul.a{> to au-.wer for the dt-ht. drt11 11 lt. o r ml•
lbr ,1u1y ot tbo hu)·~r to 0 0 111>· t h• crt'\l1t o n1 of bl.II purc ba.'IC. Thie
t:Da~ .\'"· f"J. <',... , \ <',.:
•
AD a«rf'r m f"Q\ n l adt- uµoa runs1JcraUon of
110\lce ni1U\ be D>&llc<I Dve daya before oomple\Joo ol tbe purcba.oe .
<'Olltra i: t ror t !'l~ M 'i" &trtar~ &rt h.:.,.. u ot h,. r w \11f' pro,·htC"'J . , .
Any
Ta,,.. an- a lien '1l"'D all the l'"'P<'"Y of tbe drhtor. ,_,
:
,\ny •~r";. 1~ <" Ute t~f landt . or any lnt,. r r1 t tn or ('r(lot·C"'n:tlnc tbem.
or pr~11 1u1I, and tu ll~n la prf'ft""""'; u st.Att"C1 ln eect1on bt"r~ln ~latlnc
ram~ t.l\ :- ,- \ - 1\ " " r1~~" 1 •• n ,,, to bf' ,,~rto rmN In a )' r"r
ft .
A
1
Any C'l ,nt f'llrt ' ~ l~rr"'t b)· 1tl\\11tr l) r l! m 1ta t lon11 or hAnllr,111t•
rn~.b1}~
D ~ 1 1~("?'l ,~ o r not 111
or th ~ t.tt. l ,- ,,t ~ •~1""- h . WAr'f"a. a11J fflf'rt'"hAndl4e.
'"''l("iflm ll aUoW<'d .
bu,-~r l h ,-11 "'"(°",l" Ot r11n.f'~f' . to t h~ a.m,, ·int 1lf JjO el f mon-. f"l 1"t'l>t t he
,.-,11..
All p,-.-.ono nf full are and ,,,,und and dl•rowlnr m=or,'.
th e f o, ,,14 ot. ll, t l\n ,I artUAllf N>t-..h~ th" IIAtnf'
; r lh·• .. >n ·, ,. t h • 1, 111 f'
ln("J u ,llor m"rrt,..,t w ,11 nrn. ml\y tn Ak.,. wtll9, and <1111poflof" of tbrlr C'9t.A t oe.
• Ao att<-1>"-11"" of"arn;;jj t~ h1111 1hr uarvala or In par\ paywoo\.
\\ ' Ill !' 11111!\t t~ f"'&N"'lt('d In th~ 1Hf'1'<" n~ o f thrtt •·1t11('1t.,MI . all of wbom
DI 9-rntobm•nto
Th
o e1,"11,u,n.
1
C1.t.abme01 rr.ay t,.. • di..,, 11~ P , _ m•J' hf, loYoltf'CI In anJ' - Oar~.r~:lr~~~:~;.t
~r~~ .'f;'tl)t;>~~~~rosr;~f'•i::~~~
c,~m a fun<l hr :11 up unct:'1 hy C1 \ "l !1C bond a n d a th l r ct party may
an ct I D th~ fl~!"f"OQe of f"'AC'n othf'r.
\\' lllA mutt be lD •r1tlnc. eJ.N"(lt
•rao~•,bor. \J,,
\ \" •C'UI ut la~«-•mlat-i m ,.n t llnJ WAY N'h'ftlt' thf! fund bJ
DUO <.'Ufll\ll\'t' wllla.
\\"Ill" of c-ltl£en1 of other States. wb~r~ e&tt-u\t'd
ar<"l1 r Jtnac t o lht' laww of tbc St.ate. anc1 prn b&tf'd lo !II01t'mn rorm ln 1u cb
roru Proce. ot ranu.;~,~lo"""J'rnea an<I wcch&llloa. a rc ex•
, ,
1:~~
:~~.'1:1~1~t::~·,~"ih1~1 ,::~•;\~~y
0:a-:
T••••·
~c~~~: 7~·~~':~,.~fe ~~~"~,.~~~o,~~lud~cr.rt!:.~~
:=-'·
'°
=~~~~
t'~
-
'tin~;::,
t't~"i~t ~';i.
di.le. wbleb dllll)OR ot real or
IH'BOD&I
pro1H'n1 111 1.ieory1a. m,y ,,.
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BANKING AND COMMERCIAL LAWS-IDAHO
1338
adml\ted to probate In \hla Stale. wben an au\llenttoated oopy of Ule
Will la p-ted. -mpanled by a oenlfteate or \Ile IOYenior of nob
Staie. 1U1der t.he Na! or \Ile Slaie. \bat Ule omclal of \Ile - n wtien
ncb probate wu made, bad ortctnal JurudloUoD or tile aubjeo'9matter.
WUle aro probated ID Ule ooun of ordlllar7 In \Ile 001U1tv wbere t.he
- t o r reatd• at Ule date or Illa death. AU wDla eucuted 011t of \Illa
State by cttlsaa of \1111 Stale to dlaJ>Ol'l or property ID ~ rdmuat
be euou'911 ac,oordlllc to our law. A foretrD wW. uewted aooo IDc
to t.be law of Geoa,rla, wDl couiltute a munlment of title to real propeny wt\llout belDc probated ID t.1118 Stale. when ..-.rded on tile record
of deeda ID tile 001U1ty where tile land llel. topUler wt\b an u.empllOealloD ot ..-.n1 adml"1Dc I\ to prvbate In enotber State. oenuled
-rdlllc 10 \Ile AOI of Oourea.
Vlalon or \Ile bulk ootnmlleloner. TIie bulker llu a - n i Ila.
dependent U~D ~ D , Ul)OD all propeny ID Illa llaDita beloatU(
to a ouetomer for \he balaDoe duo 1111D from eudl aa \Ila
00W'lle of tile busln-.
(8-. Law, 11111 ameoded Ull3.,
Blne Sky Law. Idaho llu • blue eky 1a .. governing corr,nnt..,._.,
unincorporated &860clatlone and Partnt!ll'!lhlpe, dommtlc ,,r f,,,...,..-:,,
dealing In etocks. bonds, and otbor socurltlff!, esceptlng U nlt...t ,... • ·.,,
bonds, St.ate or municipal securttlea ID Idaho, and Idaho ..-1 ""'""
mortgagea. Tllla law requires the ft ling ot various etatement ~ . .....-.:., - "
and other papen(, and makea It unJawfUJ to do buslD... In ':ob~ ,.. •~
without compliance. cs.... Lawe 1913.)
Oellaterala, No eta\utory reculatlon.
Community PropeR7, All property aoQtllred after man\l.fl
other t11an by 11ft, beq-, deVIN. or a - i . 1a oo-u•UJ' proswn,.
Oontracu. A wrttteD 111etrum1111\ la prwum))Ufl eTldnaoe ol •
ooDllderatloD.
OonTeJ'an-. Real eatale la OODVeJl'ed bJ' lutnameat la W1'kinC.
aubacrlbed by the pa"y or bl.I authorized aceni Ill wr1ttnc. n..
communJty prol)«'ty CUl be conveyed only by both huaband M>d u,
Joln!Dg In tile necutlon. Dunn& tile continuance ol the mam..,_
. :..,
Wife llu tile tDaD&Cement. oonvol. and abeolu~ power of d.1al)0!1\IOD ot Ger eeparate proper\y, and may oarplD. een. and OOllHJ
her real and pereonal property, a.na may eater IDic> any oontnct
wttll retorenoe to tile eame, ID \Ile eame m&DDer aad to lbe ea.tell\ and wttb llke effect u a married man may ID relation to~
real and pereonal property, AD llletru.men\ purpontnc to snnt,...;
prope"7 to take effect upon oondltlOD preoeden'- doea DOt 1:1&91 t)t
eetate upon \Ile performance ot tile oondltlon. Such t.na\l"UIDeDi •
mere1, an - t o r y oonuaet. <See Aotmowledsmeata.l
Oerpon,Uoaa. Private oorporatlona may be formed by u.rtt ·ll
~
£'::°8·i:i~~,:i,n:_~~:11:mro%a0:S ~,.•
~
er IDoorporatlon. oontalDIDr: l. Tbe name ot tile oorporatton !.
The J)Ul'l)Ote for wlllcll lt la formed. 3. The place Where IU l'tl>
clpal buelD- la to be tranaacted. ,. The term tor Which It ....
exist (Dot exoeedlDr nrty yearwl . II. The number of lte d l ~ n "
uue--. not exoeedlDc flfteeD, wllo muet be etoek!loldera ot uw
oorporatloa. e. The amo1U1t ot tbe capital noclr and Ule n11ttoo
of aharee IDto whlcll 1, la divided. 7. Tile amouat aetu.&117. n>
ecrlbed, and by whom. The artlclee ma, pro,1de for t.he c,<'<"\..-O
of OD~tlllrd of tte dlrectoni aDDuau,. Railroad. -COD road. teu:,sn ~·
and telepbone oorporatlon1 muai alto eta~ In tbelr articles: l. ~,
kind of road, tel~ph or wlepboue line IDtendod to be consu,,.:1"'
!::i~i:;
1:'i:':
SYNOPSIS OF
THE LAWS OF IDAHO
fti t11'2ea~~'::~e !~J'i!r !r'!~':.':~~-.~i oo~~:! :~:,;;;
0
RELATING TO
for the transaction of buelDea, the declalon of the maJor1ty of re~
quorum to be a valid act. 4. Whether mt'Ctln«a of u.e boa.rd ~1
be held within or Without the Sate. ~- Wbeth"r ltoekbold"n ~~,
~e,!1:d~~~~t~bt!:J.o~f~~:
BANKING AND COMMERCIAL USAGES
Prepared and Revised by RtCllA-"' HAGA, Attomm at Law,
Bolae City. (See Card ID Attorneye• Llet.l
Acknowl. .smenu. All oonvoyanoee and o\llor llle\l'llmellte
nqulred to be acknowledm ID Ulla State muet be eclalowledpcl, If
wltblD tile State, before a Judp or clerk of a oou" of record, a OOUlltJ'
ftcordor. a uotary public. or a Juetloe of tbe J)e&oe. lf Wl\llout Ule
State, but wtthlD the United States. they muat be ackDOWled,ed bdora
any eucb omoer, or a comml•loner of deed• tor tllla State. or before
an, omoer authorized by tile lawa or tbla State or Territory to '6ke
nab aoknowledameut. If Without tile United Statea. t.hey muet be
~owledired before a mlnJetor or charae d'affalre or t.he Ulllted
Slatea. resident aud accredited ID the oountr, where t.he aclmowted,- t la taken, before a co11.1ul or ,1ce-coDSUL a Judp of a coun ol
..-.rd, a dullf apPOIDted oomml•lonor, or a notary public. TIie
ce"lnoate of aolalowlodamen'- If made before a tuedce of tile peaoe,
when used ID an, county other than that ID wll cb be reeldee, muet
be accompanied b:; a certlllcate, under the hand and Hal of tile recorder
ot tile county In which the Justice realdee, aettlna forth tbat ncb
ea~~ :e~m~m:0 ~f tt'a~lnJe'~!~~:rn~w~=~°l:~ ~ba~f_.h=
~~::=::
=l~,:~:~~:ir~~ht:1g'tJ~rih~J::~in:ae !'~i~n
Form of married woman·• aclalowledrmentl tho l&IDCI aa that
of a elllllo pereon. !See Conveyanoea.)
AoUone. There la but one form or civil aotlon ID thla Staie. AD
-Ion la oommenoed within the meanlnc of tile 1tatu~ wben tile
oomplalnt la llled With tile clerl< . !::very action muat be proeeoui.ecl
t.11 tbe name ol the real party In Interest.
edired.
■u!:!':~;•~~. ~t~!~Yi!°pe~~~oC~~~·..i:ot:~:,:«i~~
of
Allens. Code pro.-lslons "8 to holding 1>roperty by allWJB ll&Ye
boon rcp.,,.lod (SllllS. Laws. 1913) .
ArbUraUon, PereoDI capahle of contrac\lna may eubml& to
arbitration any controverey which mli,:bt be tbe eub)ect of a civil
action bet ween them. eiccpt a q ueatlon of title to real property ID
fee or for Ute.
Arnau. The defendant ma, be arreated In II caae for tile recovery
~~P~;.'!c~r ~~~f1~.f."~b~~ tb!"'J;ciJa~\tl~na~~~~n~o u.fc0p'!.~ ~i~~~te
State wltb Intent to ddrl\Ud hi• crcdltore; also for money or POrJ>ert)'
:'~~tj~l~~;'~~~~tYf;'.:;0~ 1 1::fh~:; d~l~~~~~t°':,:r b"e~:n:uri~o'l
fraud In couiractln,c the debt, or In conceallur or dlspoaluK or pen,onal
prop,·rt:;. lor the taking or conversion of wblcb tbc action Is brouKbt;
or wbcn the dekndaut has or I• about to remove or dlspoae ot bl.I
propc,n:; with Intent to defraud hla creditors.
A .. 1arnment1 and Insolvency. Aa l11.10lvon\ debtor may be
dl•char,ced or blo dchu b~ executing an aaolrnmcnt or all bl• property,
1~uit 'r.~~11:.i s;~0 ~e 1~~~ct';I~ryoo~frt~rofi'!Y
~:,.,aul~
lton,' mcetlW1, held alter thirty da:;s· notice atven. one aMhroce la
appointed. and claims proved. Court will be aet ••Ide property
!~
Jt~~ffo.:'.
c:::i~
e.icmpt. and ts~ue order tor direct paym~nt of mone)·. where oo
mol'\l[A'1:e or pledire ha<l been ,riven. or wh,re ouch eccurlty, It ir1ven,
Ila• been rendered ncutra tory by act of defendant. A .. 1,nce mun
furnish bond, with two sulllclent euretlea.
or ~tt::;~~~1:rte~:r8!~1
~~i~et~~merg~~~~ 1 ~f
::i•~~
:~: ~~~::'t,.'':i
attaf'h('tl a111 !lt'<'urlty for the satl~fn.C'tlon of auy Judgment tbnt may
lH" reoord1 •,t . unh•s.~ the defendant give M>curll)' to lM)' PIUch Jullr•
m~nt. ll, ·!,·n •~ ,111 lo n. dvll 11ctlnn for rt"co,·ery of rnotH.'Y or tlam,urc ■.
•nt.ler " ,.,,.
.t"t. (":\J)rc.'4s or twpllrd. m&.y be arr~teJ. when about
to 11• 1·
11,,, Stntc With lntt'ot to defraud, or wbeo the debt
or rn
· , ,111.Julcutly contracted.
1 Ins.
•~
ld11bo h"! " full fln<1 comr,1ete lllw upon
tl
,• ,: lat1on of lurnk11 and the furmatloo of bank:tn1
•, l<tn~ oor,,o,atloo c.n.n have lt·s,
tbA.n nve
• 01.her \baa DatlonaJ baoka. are unUer tb~ super-
gf,:Tri~~~·,,~';:1 ~Jr'':~~
:3~.
~rtll~t~~rci!•:.i:i,i:e~ ~~•~~e't~Jl'd~rorJ!:11~..!:.00
~
tar,. or treaaurer Dallled In artlclce, that well etocll: ball
eJ:~
ecrlbed. All •"tel• of Incorporation muet be Died In the om~ of u,,
count, recorder, ID which the principal plaoo of ba1lneu b 1~,.,...
and • OOPII' thereof ee"llled b!I' the recorder, lllod w1u. the ~ u ,
of Atate. All C<D'poratlona. exrept. lruluranre. noo-prodaM h ,. n,.; r <
companle,,, oo-operath'e t~lephono and lrntn1tlon rompan,.... c-. ~,
between July lot and ~ .. pt ember let of ,..,..b y...,._ a t, - ._.._ · ..
C::
m~ ~,!n~r~":~11~k~ ~t:'rnW:::f~r~:.':~'C'! •,':~~:. [;~mr! _t,: :"':
of 110, and a failure to make paymen~ by Novemi- :«)th .-r.u.:~ •
I~ of cllart« for domeiotl<" cori,.,r•t-101111 and a loa ot tbf' ri1th1 t,, ~
busln°"' "ltbln the ~tate for foreign rorporattone. Betw..,.•o Jul• •
and tleptembcr 1st. all corporatlom muet make an annual n"!>on • ••J
a failure to do so take,, awa:; •ucb ,.,.emptions .,. are mention.., a=,
Corporation, Forelp. Forelp oorpora&101111 d ~ to do ~
· - ID thla State. may have all tile rlabte and prlVUecee ol llllf' doc. ..
&lo oorporatlone, blf ntlnr With tile NGretar, of ■ tate. &Ad 1a u.r
omoe of the clerk of I.be dlatrlot cou" In \Ile oountF Wilen,, &be prtJ,cs.-,
plaee of bualn- ot auob oorporaiac,n la to be OODtluo&ed. • -P'I' "'
their antolee of IDoorporallon. aad tile dellllDaUoD • • - .,.._
reeld~ In tho count, ID wlllcb eucll PrlDalpu p1ac,e
to be loaated upon whom prooeee laeued b!I' aat.bortv ol or uo:n
any law of till• State ma, Ile aerved.
Ooar&a, Tertn11 atull,lurudlow,n. Tile Jodee of Ille dtnncs a:"-"
ot eacll ol tile Jndlclal dlatrlota of the State muet aaauauy tu \M
time for boldtna tile district ooun ID the eeveral oouaU• of h1a c.»ll'lct: and Ile me, hold ncb apeclal tenn1 U Ile d - Pn>Pff ~-~
D - , Y . DletrlOI OIIOrtl have ortllnal Jurtlldlotloa ID all chU - Probate courte are bcld ID •cb COUD&J' OODllDUOWl'-7. and lu.,.
Jurtadlctlon up to •~oo, ID otvll and ooncru,-, fur1adt~,.- •
wttll Juat1oe·1 ooune ID au cmm1llal - · .i..a-· JlldadlcUoa.. ~.~
Daya of Oraoe abollalled by l\atute.
Depo.ttlon.1 aia, be taken before an, Judp, JUlloe or Ule pea.-..
notary public, or United Statee oommlalon,or, or ~ ot.her ~ - •
airrced upon by \be partlee, UPOD notice eervod •pon tb• opi,c ....
pa"'· lt.atlna \he oourt. act.Ion. Ume. and place. &Del before "'1>, •
U.e eame wlll be '4kon. or Chey ma, be \Allen llPOtt - - , -0 ._ b!I' tile Jud,re wttb lnterroratort. attadled.
Devolution ot Proa,erq,, tSee Suceelllon.)
Dew• doea not GIA.
Employer, and Employee. All pereone ems:,toJ'tnr medlamc, •
°' .,.._ .,
l!~=.:: ~II~~!~~~~:.: ~~:are.re~~~
an~,~~rib~:r~:
ment. under oath, eettlnr fo"ll tile followtnr: TIie -rr.e ot u•
owner of the premlaee wbere work la belDC done or upon wbl1'tl rt ~
Intended to bt-atn work; the name of tile pereon or oompany . . _ . . ,
In or who contempla- engaalnr ID worll upon eucb prerni- u,
conrtltlona under wblcb aucb ~reon or corporat.lon le p~t:%1
the work u a~ent, owner, etc., tbe pr1nclpal onlce of I.be owi:i.-r ~.
the a1rent In this State; tbe time and place wb•re P&J'D'leot of la,..._..,..,
and mechanics will be made. A copy of thll eta1eime111 .,,_ :-.
po•ted at tbe place wbere work II proeeeated.
Employer'• Liability Law. ProVldee f o r ~ aot to .,..,..
u,ooo for IDJurlee to employee oaueed by employer·• •ecl~oa
E:,..,rutloiu taeue at anr time within live yearw al'\tt t u ~
Tbe onl:; stl\Y la by appeal, with eecured bond. One T•r all&>•"'
for redemption.
Ex•mptlon1. Homestead, not eaoeedlDr 19.000, U dec::b.rsu ..
of bom,·stcad la duly acknowled,red and reoord•d; omoe r,..,..,, '""
an,I lllorarr, s:oo; ncttsOl\ry bvusehold and 11:ltc:-ben funlltur,, :.,.
e,cc,eLllnK In value $3011. and pro,·laloDI tor family tor -ill r.: .,: : ~
certain form animals. etc., with food tor els montba. aLJ ea:.r
rlKhl for JOO Inch•·•· when actual!:; ue,,d In lrrltratlon: alao c.-u;,e ,..._ •·
Ing or grown on lllt>· acre.• of land, luscd. own"'2 or _ , ~• u•
per,ion cultivating the same: toola or lmplemen~ ol me<cha.nlc ,;.......
aary lor bl• tralle of tho value of $~00: all lD8truaw,nu of oc,-r,,te.&
etc., also call prof•••lonAI llbrarlee miner·• dweU1nr of ,·a1..., s:....:. a:4
bis ptpee, can. etc .. ol tbe value of UOO; pack aD1mala - d ..;~:,menu, not exceedlnr U~O;team. •aeon. etc., of dra,lllaA; u.e -
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1119
S-11. UNO IS
BANI \ING AND COMM eRCIA L LAW
:~:n~:.~;:.:~.,"f:.!~~:":i",:~.'.~' :.d,~•.~.t1~~ ~•~:~v{;.~~• ~:-~~ ~=
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.A l '. ,t.,..h tn or\C'&.4",.._ ~ra l u ;,! ~t"•U~l
■•,.,.•• ·
ln,r- t.:,1r r ,,f the
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a • .,. tt • .,. , :i.•, ,t ,..,. rr "' •t ,1r 1 l b tfir~p r
A\.4' . • (",, , ~,,of ~f. f' • • H . • l• h I n
ut f"'\J u t •lL..a 1 / ,. , rn\ •1 ; .. . 11 rr-a i - t
1 o, f"'r'1",tlte 111 th• handa of.
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••• \ltllle a•10.C W blm from a.n11th•1
l" t nrwrtJ ~11 hf, ,...-1 ... mr-d wtlhle
•M•ni •ll•U .
f\1111 tet1 at.tn ~. af"'I M
c.uare nt,-. T111• alMII Tna•t • ·• · May
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•Hlilft etltr 11 •r• rr• i •n 1••1 rr•1t-r•
le c:a.aee of \al aala ' "
• ,.,., oeot.
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BANKING AND COMMERCIAL LAWS-ILLINOIS
1340
~=:=
;r:
U::e.la"½fJ.!~: tt:trn1~ttrJ~.=:s:v~
lie. domlnlon. atate ldnlldom. empire, colOllJ', terrltor:,,
a-
capital lltOCk ol bankll are as toUo- : In dt.les ot 6,000 or
si.;.ooo .
11p to 10,000, N0,000; up to 60,000, $100,000, and 60.000 or ..,.
or depen1200 000. Upon l.mDalrmeot or the capital stock tbe Audl&or ..._,
dency having a - . . or l>etore any Judge, juatlce, or clerk thereot.
requfie --ment ol atockbolden or a reduc\lon of tbe capkal. II
or betore an:, mayor or chief offlcer ot any city or town having a - i ,
be abaU d - the bank la being conducted Lo an ~.. ~
or bel'ore a notary public or commlaloner or deeds. or any ambaaador,
or Wept mannerL be may Ille a bW for an tnfuncuoo. dlaollll6oa Ud
mJnJater. or e«retarY or legation. or conaul or the United States, or
receiver, but SUCD a bW can be maintained only ID tbe ot
,1ce-roll11111, deputy consul. rommerctat asent, or coll11111ar agent or
Auditor. Upon delldOIICJ' or -ta. the ~ require. ID _,. •
the United States. The acknowledgment or a conveyance by a mar- • ault1. ~ t the receiver proceed &ll&lnat the
den OD dMlr 11«1
ried woman may be made and certUled as tr abe were lllngte. An
lfabwt:,. There are provtatou tor consollda\lon, cbaDae ol ....s
voluntary dblaolutlon. A banlrer ta liable to tine ancr ......,..._,
actmowledgment taken b>· any one t.otereated Lo the convqance la void.
tr be receive a depoalt after be Imo- the bank bM beoome tnaotu,11
Actlooa. P'ol'Dl8 or action and plelldtn«a are subetantlall}' u at
and uaereby the depositor autren loa
common law e:i:cept In Justice courte and the municipal court or Chicago, wberet.o the practice baa been much slmpllfted. A non-Nlllfdent
BWa ot r..dlna. TbeUntrormBllllor Ladlnaw• ta ill r.........
llltnola.
la required to gi,·e a bond for coete.
Cbattel Mortppa. No mortgage, cruat deed. or other c o a ~
Administration of Decedent•• Eatates. Let.ter9 testamentary
or personal property having the etl'ect ol a mortcaae or u-. la ftl>J
lalue totexecutor named In will, tr he be a Nlllfdent. Jr there be no
aaatost third persona. uuleile ~ n be deltvend w. &Dd , - _
will. or no executor named. or the necutor la dlaquatUled or ~
with. the grantee; or the IDat.rument provides for tbe p• - ol u,,
to act, administration ts sranted to 8Ul'Vtvlng husband, or wtro. nest
property to remain with the grantor. and the lnatnuliall le ~
ot kin, or aome competent person. The IIW'vlvtng husband or wtre
or the peracn nomt.oated by blm or her, bu preference. Ir none of
edged and recorded. Tbe tnatnunent muat be MZBowledaed. 19 the above named applies within elxt:v daya from death or decaaed,
ties having JI popula&loo ot • - lbao two hundred tboaauul. befcn •
tben administration la granted to the publlc administrator or the proper
justice o r ~ · police magtatrate, a clerk ~ C J ' da1t "'•
county. The administrator must be a realdent or the State. A
countt':.~uzj~~g~Jon~'~ooo orl b . : : =
rore11n executor or admlnlRrator, within the United States, may
proeecute aulta to enforce clalma or to eeU Janda to pa:, debta. The
a Justice of the peace or the town or ~~._or tr ihere be no ,-..,,
of the peaee, before the clerk or deputy cnn< ol the mllllldpal ..,..
esecutor or adml.ol8trator muat Ille an Inventor:, wttllln three months
from the dat.e or bl8 appoln-t and must 11s upon a &erm ot ooun
ID the cilatrlct where the mortcacor resides. It t,be ~ 11 •
DOD-resident ot the State, the lllOl'f«&ll8 ma:, be ~ .....
within ab: montba from the time be qualllles. tor the adjuatment oi'
an:, olllcer authorized by law to take actmowledan•n• ol dllo
clalma. and publlab notlc:e thereof. The clatmaDt mould ~ and Ille bl8 verllled claim. wbtcb, tr not objected to, may be illlowed
Atta- ackDowledlrment the IMtnl.m- Ulua\ be llleil fur , - , S •ie.::
the recorder of tbe county Lo wblcb the IIIOl1DaCI' Nllida wtma ~
without tlJrtber evftlenoe. Ir obJected to. the claim la - down tor
trial. Ir the clalm la not p-ted at the time llsed u110n. It may
Instrument la executed, pr. ID case or a DOIH9ident ol lbe s..... uiou
aft«wu'da. wttbtn one rear, be filed with the clerk. wh-pon a
Lo the county where tlie prol)"".ty la altuated. The ~ L- •
valid lien un\11 the maturltT or the eotlN debt or obltp:1._, ..,
IRUIUIIOll8 !MIIS 11881DH the esecutor or adml.olatrator. and the matter
esceedtns tllrM , . _ from die 111.tng or the IDONCIIP. aDll _,. 11r
I• beard at a aut-iuent term. All clalma not esblblted wttbon oue
renewed for one 799r. A note eecured b:, cbal.Cel mcnpp w
year from - ~ administration - barred, Ctatma are clulUled
•'-Se on It.a r - that It la ao aecured, ocben1ae tbe ma-,pp la no1
cfuldren~~E~f
A monsacema:,beNll-s on thema,slnoltlae-.1.. or b7 aNlaa
deed. A m ~ OD a atock ol llooda permlttlnc _.,...... to nun
DbYalclan ·• bW and demands due boUNhold labonn or aervanta of
J)08lesllon and bU:y and eel! la void as to credlton.
aeceuec1 ror labor. 4. Debta due common acbool or townablJ> fuDda.
11. Pbyalclan'a bW tor last Uln-. O. Trust tund8. 7. All other
Commercial Papar. (Bee Necot,lable ~ t a . )
debta. Claims have pdortty or paJ'IDent In the above ord«.
Conditional 8ale• and like aar-te. tndodtns. ~
Amdavlta. Within tbl8 State catba and alllrmatlona ma:, be
, - . ~ title or uen ID eellei- who par1s wtlll
admlDlateNld b ~ ludae juattce or the peace master In cbancer)',
not
valid In tlila State as to purcbaw9 or ~ ....;a11114 u..
t'lerk or a court
ce ~rate, or nolVJ' public. In their respective
wblle the propert7 remat.oa Lo the J)081es11CD ol Ille ~ or ....,
Jurtadlctlooa.
ttbouttiie.State the oath or alllrmatlon may be
Constanmenta. Acreementa to eel! ol' CODl!p_, n11t
adml.olatered by an:, o11lcer autborlaed by the laws or the particular
Ir a oommlaalon mercbaat, or pan:, Nlllna cm .......,......_ - - , .
State. and tr IIUCh oftlca' baa a - i , bl8 certUlcate under liJa offlctal
the propert.:, COIIIIIIPled, or after demand i.als to aocoane ftr die ,,.
Hal ta received as pnme racte evtdence or bl8 autborlty.
ceed8, lie la aubJect to ftne and lmprtaonment, and Hable.Jbr doRa
Allena, The ~ t law went l.oto ellect Jul:, I , 1897. U does
the value of the propert.y ao converted.
not dect the rtg11ta or all.- as to ~ property, wbo 11tW take
Conve7-ce•· See Deedll.
Che - e as clttama. Ita provtalona are subJect to trat.les made b:,
I.be United States wllh foreign counvlea. All allena. subject to cerOorperadaoa tor pecanlal7 J)l'04t ma:, be Ollllllllaed , _ aQ lawtPlll'JIC!N
escept banldna, i-rance reel ~-~ . . . . , _
th
d~°"o:~~
ol~aadloanlnlr'~. Tbemetbodoltormlna a ~
and maJ' traoals, dev1M. or encumber It.
la as follo- : From t1irN to aeven IMftOll8 esecute uiil acbio.,..
a - t stvlnc the name or PN>PQNd corporat.-. t.be obJecs. ,.
A.neat - • a.o. No p_enoa can be lm~ed tor debt un1capital stock, number of mares (each not to be a- Ulan ••• .,
Ul)Oll relllal to deliver up hla - t e tor the benellt or bl8 credlton
- . than $100). location or Drlnd~fflce, and dmu.toa c- In IIIICh IIIUlDel' as abaU be nreecrtbed b:, law, or ID where tbse
ll!a DinetJ'•nlne yeara!iiwblcb st.I
t la filed wllb t.be a.a-,y
1a a - . presumption or fraud.
or State. u n the
of the -tement the 8ecnc.ar7
-..
ANIIDIDOnta. The ooeratlon or the Dllnola Act relating to asatcnpa:,meat
or
f:e
11cenae
•
wlllc.b 1a 130 tor all cmnpwa~.... ,
menta baa beml auapended b:, the natloDal bankruptcy law.
capital lltoCk of 12.600 and UDCI«, NO for amounte . _ _ IL!«
At&aebmenta. A creditor, N!lldmt 01' noa-nsldent. wb..e clalm
ancS 16.000. and ••-~addlUollal tor each ,1.000 or ~ la due. ma:, bnog attachment ID a court ot record tr the amount
In e s - of 16,000. U
receivlnc the U-.0 t o ~ ........
esceed8 120. and In justice court tor ~ UDOUDt not esceedlnc UOO.
ttou are obtained, a
afteco the mtlN lltoCk la sua.ertbecL Illa _ .
CD an:, or the tollowtns Kl'OUDds : I. Where the debtor la a non-resident
mlMIODen ean a meett.oa or the ~ 1e clap' ~ _ .
ottbla State. 2. Where the debtor_.. blmllell, or lltanda ID de&nce
belDa reqnlred to elect dlrecton. 1n all e1ec11oaa or . _ •
of an officer ao that proce. <'an not be eaTed upon blm. 3. Where the
rlaht or cumiiiaiivo yoetna la ~ V8'1DS - , . be
A dfrector need not be a irtcckbolder, _. a Nlldea& o,t .._ . _
debt« baa departed from tbls State with the Lotentton or having bl8
.recca rmaoved Crom tbl8 State. 4. Wbere the debtor la about to d ~ The coDUDlaalcnen then make a~~ ol tlae pr
thw,-.
from tbl8 State wtth tbe Intention or having bl8 e«ecta NIIDOVed trom
8ecretar:, ol State, verified by a i,ii;""ai:;t' 1ot tla,, I I
tb18 State. 6. Where the debtor la about to remove bla property from
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tbla State to the ~ o f such credit«. 8. Where the debtor baa,
wltblD two :,ears
the llllDs of the allldavlt required, l'raudunot , _ than -bait actually paid ID. tlae ol . . . . m.lentlr conveyed or
bl8 decie, or a l!&rt thereof, ao as to binder
pal4 Lo. what dlapoaltlon bu ~ made ol alock ..._..._. Ol'delal'._blll credlton. . Where the debt« baa within two,_,. prior
not paid, and tr any proportton or Ille capital 11aa bea IIUd 1a Jlft9l"J
to the IIIIDC or such allldavtt fraudulently concated or dlaDoaed ot bl8
tbe aball be appralaed b:, aw ... I rt . . . . . . . . . . . . . . .
propert7 ao as to binder or delay bl8 credlton. 8. Where tlle debtor la
reponfalrCMb vataeu..or, and t b e - o t ~ ar _ _ . .
about lnlldulent17 to conceal, 88llsD or otherwlN dl8l)(l!IO or bl8
elected and . . , ~ " ...._ or o111ce. The & e a ~ ,,, . . .
property or efrecta ao as to hinder or aela,, bl8 credlton. 9. Where the
t.benul)Olllaaeeallniloa1Ulcateol~ loWldc:la _ . . _
clebl IUi!d tor was fraudulently contl'IICted CD the pari or the debtor,
copies ot au pa~ IUed with him. Tllla cerT,111cate • - be - . . . . .
provided the ata-ta ot the debtor, bl8 agent.a or attorney, wblch
tbe 8 - d « ot Deeda Ill tbe ~~.J' ortbe prtndpal oatceor a. c-conatltute the fraud. abaU have beeu reduced to wrttt.os, and bl8 ellma= ~ b e Compaa:, la &bea full7 orpalaa1 and -.,. ...__. ~
ture attached thereto br blmseU', agent. or attoroq. The cndltor
moat stve bond Lo double the amount or the claim. Real - t e or
COl'J)Ol'8$1ona caD bold ona such reel estaw as la reqQlred liar penonal property ma:, be attached or fuoda prnlabed. The propert.y
bust.o-. Tbq cannot bold lltoCk ol olber ~
or rund8 may be released by the debtor stvtng a forthcoming botid, or
may bu:, and aell their own lltoCk tr tbq act In ll'OOd ratt.b. ' - 1k
enterlna Into a recosntzance In court to pa:, tbe Judgment.
Stock may ~ attached or taken on esecuttoo: out wbel,e 11 ..,_ _ .
aold or plecllle(I ID good faith and the certUlcate dellVW'811 h It , Banke, Under the state constitution atockbolden have a double
liable to execution eacept as to an:, e s - over the UDOaDt ·,_. ~
stock liability, and ever:, bank muat make, under oath, -::.&:bllab
k bu been pledpd. &acb stcckbolder la Uabte ror Ille detMa o1 ,a,,
each quarter a ruu and accurate statement of lta datra.
may
~ t l o n only to the extent ot the amount t.bat . . _ _ _ . :
be tormed under the statute ror the plll'Jl(M8 or dlacount and del)(l81t,
upon the stock held by him. No asalpor ol lllodl la......_..~~ .
bu:,tDg and selling eachaoge, and doing a 118Deral banking buslnou,
lfablllty by the MSlpment, but be remains. jo&utly liable wM ._;
except the lasulng of bills to circulate as money; may loan on both
asat«nee. A p ~ In good faith. wit.bout 1101,ke, o1 t110C:k as rull7 paid Is protected. Stock ma:, be paid for ID ~ ~Pif.:'it~o~~o}'":~
than money, but tho pros-t,7 can be takm (!DIJ' at fte r.a., c;ilab ---t.·
Januar:, (UDll'K• ""me other date be llsed by the by-la'lrll) elect tbe
value. No per,,on holding 1tock u collateral MCW117 can be....,_.,,.
dJN,cton. The <llrecton must turnlab to the State Auditor each year
to a atocldtoldor's liability. The ptedgor bu a dlbt to voc.e i . ~ ,
a lblt or lltockholdeno and AU<'b other t.otormaUon as be may require.
Jr the tndebtednllM or a oorp<;iratlon esceeda It.a C&Phal - . ~
Each director must own ten sb&NII or atock. Dlrectora ..... required
dlrectonl and olllcers -tiDI: thereto a r e ~ llable.., aoa,1;~""
to bold monthly m,,etllll!J'. Any director, officer. or unplo>·ee mak1ns
ror such exc,w;. Ever:, atockbolder bu I.be riabt u all _ , . .
a false statt•ment u to t.be affaln ol Ule bank. with Intent to deceive,
ttmee. by bl.mself or attomq, to aamfne the boob and IWU'd. ~
may be punt,hed hT lmprlaonmeot. No bank can begin bUShl..,.
the company. A corporation orpnbed ror the p ~ of_.,;...
until tho Auditor baa l1<•ued hla certUlcateJ t!>&t Its stock baa been
and eaecut.ing trusts may be appol.o\ed ....__ or t , _ by ~
1'11lly paid: RIil! such ceM IHrate baa been On,a wlt.b tbe Recorder of
and eaecutor, guardian, or truaiee by_!:'!1.1.and &DJ'~ aa7 ~
n,-...ts or tho County where the bank does busln""8. Tbe Auditor
SU<".b company receiver, asalgnee, ...........,, a>naervator _,... ·
mav withhold hi• l'eM-I01·ate If be be no\ aatl,;t\tld as tot.be cbara<·ter
administrator, or other trustee, provided IIUCb &ll1)0IJ:I~
,rn,l 1<1an<lln1: of the dlre,.-tors and offlcer11. Tbe pl'Otildoot and U8hler
to thu 0<tate only, and not to the .,_,D. ~ U . - t hirt ,. day~ aft<•r or,cR.nJz.ation mu.st Ille wtt.h the kt.1 conler of Deedtt a
on their tangible property. real a n d ~ . wllbba lhe 9 - . 4Trt 1ih-d 11..;;;t, of sto•: kbold~ and the boldlnp or NM'h, and lhurf'aflor
also upon the fair cash value or their capttat lltOCk, lnctudtas ~ r <,t·nn.1 all tran:,,.f,·r.<. No transfor or st<K.·k rc)O&,,M.fi 8tock Hal>llity .
"""· over and abo,·o the IMlllellSed value or tbetr laDSlble .._.,Hauks are t'xami111'0 undt~ th•~ direction of th" Auditor at. h'4~l• once
Hhar.,,. or •t<Jck or dome,,tlc col'J)Ol'&t,IOna, ~ ......,............ -_.
t•ad, )'i •ar . .\ hank r1u1 hnhl only ttuc b real t-state u Is D~t~"-ltry for
capital stock Ls tased, are not nbject to taaaWon ID I.be baada fll-......
,, ._ hank hut h n lh'-' · 1u1d "'ud1 M may O(' &('4,Ulru d in the collt"l: 'tion of
il :,,. d •·ht....-,.. No mnrt~ thnn I;. por euut, or the rap ital stoC'k and t;UrplUH
Forrlvn Corporations dotna b u i - Ill 1111a 8'al,e .....,,
~-~, n 1 ' 11 loa.nt'd to ont.\ &M•n-.on . firm, or corpuratlon, hut di'-l'OUnts or
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' DlrN ton-i . I ,., m1nimuru amounts 1n·o\·j1 t.-d tor the
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BANKING AND COMMBRCIAL LAWS-INDIANA
1342
11107, with the followlns e1tceptlona: 1. Notea payable in cooda are
.WI D-tlable. Theae DOtee remalD In a clw b:, themaelvea and
:t:bf!v~":!i!re~e ~t:.u ~ = = t t n t h ~ ~of t!:,e : : ~
~ ma"11'1t:v, If ouch wu the intention ol the acco~ttog pan:,.
3. The addition of words of assignment or guaranty to a blank lndoree-ment does not affect the lllgnature aa an lndol'9elllent uni- otherwise
upl"e8'11:V -led. ,. The defonsai or fraud and circumvention In
the execution or negotiable paper, or that the consideration -
J~
~: g/ :~':..U::-1~ Ce~': ::fn':,':5a 1~id.!:ti ~:
coune. 6, lo cue of dishonor of foreign btllo, lf the bW be payable
within the United States and 11Ult be broumt thereon. or with or
without au" If the blll be payable ouutde of the United States, the
drawer or Ind- la liable ror 6 per cent <lamagea, ID addition to the
amount due on the but and the coeto and charges or protest. 6. The
fact that a depositor makes hill note payable at a bank doeo not autborlM the bank ta pay It out ol hill funds OD d.,postt. 7. An alteration
of an Instrument avoids It only when It 16 material or fraudulent, and
=~:: :~•~
1~· IIIA ~~ ':ee~!i~otoact~P~~~.!
to lbe penon receiving the but on the faith thereof. 9. Section 137
ot the Uniform Negotiable lostrumentl Law providing that the
deatructlon b:, the drawee of a bW or e1tcbange telt with b1m for aocept,ance, or hill retuaal to return the same wltblo twenty-four hours after
delivery to him or within such further period u the bolder might
~~d be deemed an acceptance or the bill, ta omitted from the
lflCI.
PNbate Law.
(See Admtnllltratlon or Estates.)
e:
t~: =~~~~ :~~.:'en ~ = --tbt:
o&ber COUDtlel a "recorder or deeds " II elected. As to what lnatrummt. m- be recorded, aee NJBpectlve tltl811.
Beplertn. The action Ilea for penional property wrongfully d&talned. The action ma:, be brought In an:, count:, where the propert.y
Is, or wb- an:, of the defendant& reside or may be found . Before
eo~"3.~~::':i
r:e°!nf~ ':'~n':"
: ~ell~:1
.=a::r: ~.~ '=
...\':t'°~ct':it80
owner of the county la generally required) ID double the value of tbe
property.
8ale• lo Bulk. Salai or the major part orlall of a stock11n trade,
c:batt.ela or tbtures not In the ordinary course or bualn-. are fraudulent and void u to credltoro uni- the buyer obtaiDI from the seller
an allldavtt giving a llllt of hill credltora with ad""- and amoun1.11
due ~~- and the bl!fer, ftve days before payment, glTai notice to
each cremtor peraonaUy or by mall or the contemplated plll'Cbuo,.
Tueo. All real and peraonal property ID thill State, Including
~rons
c : = ~ ~ : f ' : . i d ~ t C : t i ~~hill~i::
f:l:bJect to tautlon. Real and penional property lo listed with the
County ~ and a - 1 between .April lat and June tat ao of
April ht. The tall• are
~able on or before May 1st of the eD8ulnc
~;La~thebl.:iie:~:.ylog ~~«-fbe ~~:~
de...._, or legatee, and tbe amount ol the leacles, r:,:=~m 2 per
cent ID tbe C&l8II of widow and cblldren, aa to feiracles
'20,000.
to 10 per cent on tarse amount.a bequatbecf to per90m not related
to tbe deceued.
WareboUN Becetpta. The Uniform Warebowie Receipts Law
II ID force In llllDols.
WWo. Every male over twenty~oe, and female over elght<!ell,
la competent to make a wtU. It must oe altnled by the testator or
by aome ~ In hill ~ and by hill dfrect.lon, aud a ~ ID
bla ~ c e at hie request b:, at • - two w t - . Tbe,wttnllboWd be dlslD~. A devise to a w t - II void uni- the will
be OUlflrWlse duly att.ted by two wltn- uclwdve or such per,,on.
Wb- the subscrlbllllJ wtui- are dead, .condar:, eTldence of the
aecutJon ill admlMlble. The will Ill proved. after' notice to belra and
legatees, In the county (or probate) court, and may be contested, ID
cbaocery, wttblo one year after Its probate. Wllltl or authenticated
~:-!t=.
rJl:.·1oair.=~-:-:.t:1~1a~o1s::est!':!7w~~~ ~~
~ll'..ca!:~=r :.,~~:i=
~wt~=..!.
g~ttt:;t~Sta~Ym!;
be admitted to proba&e to an:, county In tbl8 State where t he teoitator
bad lan<b or penonal property upon Uke proof u If e1tecuted and publlabed here, whether or not tile wut has been tint probated In another
at.ate or count:,. All ortglo&I wUIA. al'ter being llled, must remain
In lbeloffl<'<l of t.be county ,or probate) court. Children mar be dlslnberlteil.
SYNOPSIS OF
THE LAWS OF INDIANA
RELATING TO
BANKING AND COMMERCIAL USAGES
Prepared and Revl11ed b:, ) ( - . Plou:111, Mooass, D.t.1'ID801f
AND P101u:Ns, AUorneya at Law, lodlanapoU..
tSee Card ID AttonleFI' I.lat.)
Aokaowl. . smonta. All OODffnll- or nal wtate. U!IIPI l!IMN
tor 1- 111a11 three ,._,., mus be ID wrtanc, and oolmo~ and
-rded Within fon7-dve daya from their ueouuoo or thq Will not
bind third pante■. Wltbtn tbe State aotcnowledpieots may be cua
before • Judre or olerll or a cour1 or - r d. JlllUoe or tbe i,eooe, auditor
-rder, ootatT public. member of tbe seneral -mbly, or mayor
of a elty. ond ID otber - - and tenttort811 before the lllle omoera,
or • commlasloDer of deed• for Indiana. la any foretn countr7,
before a minister. cha~ d 'atralres or connl of the United Sta-.
~~~~c::c::~t::~~ Ci°~..': !:In~~•.::teft ~"'t ~':.~
panled by the oenlllcate of an offloer of the United Sta-. to the
effect that It ts duly executed aooon:llnr to the lawa of such tol'lln
oountrv . and that the olDoer bao lenl authority to oert.tty to die
roof or aeknowlc<hrment and the meanlo,: of hie oerfllloate, It made
n " foreliro lanirua irc. Wife must Join In deed• and mortra,:ee of
h• ,\ .,od"1 lands lo order to oany Iler Inchoate OD&-tbln:I Interest In
r.
•· 1
n<t'" 11\.nda.
No aepa111t.e a c knowledrment of Wife Deoeea&l'J" ID
' •,, cnn vc,. ber Inchoate lotercat In buabaod'a landa, altbousb
,u :\lno wledn .
·~;
Tb_~ dlatlnettons between law and equity are abollsbed.
f':ro,tdN hut on~ to rm of action . l'lt!ftdloca a~ rovcmed
Non-rest.lent 1>Lalnlll11 must clve bond to eecure coau.
A4mtnla&nUon of El&atee.
E&4!8PI lo llaltoD
Onao. .,...
llu a IIIPara&e probate COUR. tbe clfflm conn llu acilWlft ...i.a
JUNCUcUon. In of lolelt&OJ' leclers are irrualed ID foDoW111
order, l. Widow or widower. 2. Nest ot 11:lia. a. i . . - nadenl creditor. Letters of admlol■ trat.lon lhall be cn,at.eil la lie
count:,, I. Wbere lotestate wu lnbabltant a, Ume of 4-.-, z
Wbere. oot belns IDhabltant of tile State, be lea"' - . Wkn
an Intestate. not belDs an lnbabltant. lhall die out or Ibo !11&1&,
leaYIDC a.et■ ID ■evenil OOWlt.lel. letters may be Cr&Dled la au ot \be oountlel lo wblall l110b &Nets may be a, tlmo of deatll ; tbe admlnllirat.lon lint lawtull:, rianted lhall ulend
an "' 11e
e■tate. Letters c».DJIOt lllue to a married woman wttlloat ber • •
band'• 00111e11t lo wrtttoc. SUab oouent mall:811 h111buld loballF Ua¥e
with wife.
Pret-oe II irtven to forelcn - t o r o a d--.s
not an lnbahltant ot State. It. before lette11 an cruated ID tllll 9lall
II appears \hat proper letters have been sranled la aaOIJaer - .
esoept there be resldenl crecllton. lecatea and beln -tided to dlttztbutloo. who are lnhabttaots of Ule State. No accac. lball 11t
broqbt ar&Ullt an wtate tor u.:, claim anln■i tllo deoed-; t.1
tbe bolder tb-f, wlletber the clalm be due or not. lh&II ll1o a otnct and dellnlte 1tatement tbereof ID tbe omoe ot Ille den ot sa.
ODUR. settlllc forth all credits to wblab tbe estate II -udlld. u,
._mP&Dled by the allldavlta of tbe olalmant. bis aceai. or auoa.,.
\hat tlle claim 18 Jut and wholly 1111~. U dalm be - - bf a
lien. the lien lhall be D61tlaularty set forth. The dalln m- be . .
wltbln ooo year from -the ootloe or tbe admlDIIUator'o appoln«-L,
or claimant must "'-Y - ; and It oot ftled a, • - '1l1rtF ._.
before the llnal seUlemont of the e■tate, lt lllall be b&rNd. ..._
that betn. devlNm and dtstztbuce. lhall be llablo to Ille ata, Gf
'°
=v~tUO:::•::S.,~:U~:.a-:t-:: ::~a:r=
CbJof'tr~
l:ce.-wtt to bo broucht within ooe _year of removal ot ~
and It upoo olalm or noD-re■lden\ creditor. wttllla two , , _ ot lie
llltlement of tile e■tate .
.unuvtta may be taken before any omoer quallfted IO lake . . . . . .
edsmenta <- abovfll. Date of uplrattoo ot
tr
IDDlt be oentlled.
Allena. Roalden\ aUeu who have dedarecl tbtllr •-tlaa 11
become ottlaenl. may aoqUlre, hold. and enJOJ' not ......_ . . i aa
_,.ff, devlle. monnce, or otborwlle - b e r Ille - - . ta .,,
111U1Der and with tbe Mme elf- u ottlsenl ot ~ 81a•. ....._
wlletller natdeol or DOI. may own Nal wtalie not a:c-,1'1 aae lands ID e - of tllat amount they m- ooovq 'lfllhla ,,. , , _ •
ntrer wobea\ u to IUob n - .
Amat for Debt, Defendant ID a ct1'11 action may be unaled u,
beld to ball In the amount claimed, at u.:, time before ,......_ •
alllda1'll tbst be 18 about to leave the State. taldq wttll labD Propenf
nbJeot to e:cecutloo. with lncent to delay or defraad • • .......,
Bond 18 requtrecl of platntJtr. •
A ..1sument1 and ID10lvono:,. AD7 deblOr ID&I' mall• a . - ,
■-lcoment of all property lo tl'Ult for benellt of all bona 6do cr.uTbt• irut II admlnl8tered under tbe dlreoelon of tho - ~ Dividend• are allowed on all olalml allowed by Cho t r - . or Debtor 18 not dlaollal'led from bll llabliltl811.
Attaob\nont may 181Ue &Alut tbe prope~ or a noa-......_. •
toretcD corporation and asalnlt any who may liave ~ or. w"
about io dl81N>11e 'of. propert:,, io abeat. binder or del&J' ONdl-. •
aratnn a oridltor wlio oonoeals blmaelf 80 that caa - 1■
11erved upoo him. All alDd&vtt 18 required, and a bond to pay._.
uee It tbe prooeedlnp be wronctul or OPP'-'"- Oredhon ~ •
UD.der Che oJUlnal attachment. before llnal Judrmea~ ..,. ,......
to turn1811 a 1r,e amdavtt and bond, and alJ lbare pra ra1a 1a
prooeecll of the attached property. The wace■ or a Nlldea1 .._..
bolder, not uoeecltns one montb at aoy one time, ..., - P l • ' - •
debwr rematna ID nob emploir-1. It II a IDl8d--r 1e . . .
Glalml ou, of tile State to be oolleoted by attadlmat. or . . . . , . _
when creditor, debtor, ODd penoa owtnc tor ......_. laleadle 11
bo fMObed are all within tbe JQrtldlolloD of tile CIOlll'I or \Ml .....
TIie oolleotton of olalml 80 - t may be enJolnod.
Bankl, Prtvate. Act of 1907 tlo etrlCI Dec. 1, 1907), ~
prtvate bauble applies to aDF ooe who ma:, \he Wenl ..._...,
In bl8 bU9lll-. Capital IDUlt be ot leut a10,0C!()1 DO\ - - - 11iu Cblrd of Wtilab may be IDV811tecl lo tbe baDk bnualnc. All ra1 - ·
IDUlt be beld In name of bank. Bank OUIIIOI lavat la . . . - P l ID reallslDc OD doubtful olalm. Statement mQI\ be m. . .
ltate andltor lhowtoc oop:, of artlde■ of P&11Denlllp ~
<one of tile partners to be re■tdent of tlle .i&ie.l; looallGL or capital, oei worth or partoen to be double ~tu Paid ta. of omcera. L18t or omoers mun be poetec1 la banll. Two . . . , . "
-uroes and llablll\1811 are called for each year b:, aodl- aa4 . .
U.bed ID local ne'lr8pa_J)er, Eumlnat.loo of bulk 111a4e a, ' annually by auditor. Statement of propel'U' lleld ID \nllll w ._.
m111t be tlled In ooUDtY -rder'a omoe. DePCllhora .,,,. . _ •
aNeta. Jurtadlotton over all penou lnterelted 1a 0 .......,. "'
procea served on omoer ID cbarce.
Baalu, llaTlnp. Oovernecl b:, a ceneral 11&t11• ~ , . . _ .
Ill minute detail the lnv-•ts Uld -dUOI oC . . . . . . . • ....
baoka ma:, purcbue, bold. and ODD1'q real en&IO ~ 1M
p ~ . and none other: For the loaat.lon ot ~ . . _. estate mortsaced to It In lood faith tor money loaneiii, or
.w
It lh&l1 bavo purobaoecl a moncace: real wtate &air- . . _"'t!P~
and decrees on behalf of tbe banll, or Pllrobued IO smn.'"i"t.i"ii
alalml beld bY tb.e baok.
Baokl, Stale. Reculated by a cenoral ~ law
'ho .....
of lbe etate appolnta a etate bailll o:camtner . . _ .._.
.,
director or other omoar of tbe bank, aad allall 11a._ p0
•
a tllorousb uamtnatlon Into all tbe atraln of UM baali
IO, to U&IDIDe any of the omoan and . . - i s \hereat•- • ._ n,
uamtner report■ ID detail tho ooodltloo of the bau rr... •
Ume. The etate baolrl mun make not lwl lb-. ,.._ ...,_. _..
J'W,I', vertlled by the president. or other ~
.,._
repon■ m111t Ulllblt the .-.ource■ and llablllelel &I 11M
el .,._
D- OD &IIJ' pan day to be by tbe auditor IP9Cllaed n. .... p
required mus be publlllaed lo a oew■paper wta- laie llaall
118becl. or, It there 18 DO newapaper ID Ulo lllaca. ..._ la .:.-;:
U.bed nearest thoreto In tile eame OOUD\J' or ao MU~ TIie oudltor may require 1peolal report& tram a.,. baa-. . . . , _
ID bl8 Judcment. It •ball be o - , . ta ontor to a hill ~
Ill oondltloD. ~ baoll falltq to ~ e llldl ~pOI'\ . . . . lie
10 a penalty of HOO tor eacll du \ha\ It delaya to malDt . . i ~
theeame.
■WI ot Elr:oban . . and PnmlaMl'J' Ne-..,
N
It . . . . .
Daman■ for proteat oo bills upoo &IIJ' pe,- a,•.=,..... - "
tllll State. but wltbln \be Untied Slate■• • p0r _ , • WIii - •
~S::, ~~: t:..i~J~:.i"tbout the UDlleCI
st.--
om--. -
*
....=
=. : .._
="
a.-
OhaUel Mensa. .• - Chattel -nnce oa "'9DMl ,...,.. ~
In tile handl of the mortea10r wttll power to ..u • • ...._ •
tile money received by the l&le be &J>Plled 10 di
., •
mortrare d~bt, and 1bould be drawn lo the term :, ~ •
of sale; muot be aoltoowledced lo the aame maaner
..,_._ ..,
the acknowledsment ot deeda. and -rded WhMaM_,. c,a
exrcutlon. and ID the oouney wla- Ille !IIOf\DIW IIIIIMN. .t.a
&Nlcnment ot IOOdl, by way or morwan, .,.... . . . eNdl.,. •
Digitized by
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BANKING AND COMMERCIAL LAWS-INDIANA
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:'~"~l,tl~t~u~a{0 •r'!;1,!~~• U•t1c f~r
~~"r::,~,:•;.;.;~• ~~ct•'~;~"n~.t~:
tt~J~';.~'~~~o:::,;J!;~'i:~J~:L ~u~~~ull~~~I!f!:~,i.~!~~. '!,.· ' ,.
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14
&
BANKING AND COMMERCIAL LA \VS-INDIANA
134-1
:=~ :, 29:,Ti;
:a::1u;b:J:.S~~! ~':to~lam':°t:n:
propenr, and eeleot the propenr clalmod, which la tben appra!Nd.
Contrao\ walvlnc uemptlon la void. Penelon monq ID tramlt to
paatoner la uempt, but when received br blm and IDveeied ID otller
pros,ert.r 1a no more eo t.b&D any other property. One monua·a wacea
allO esempt It \be debtor la atW employed.
m.'J":!!anff~w'f~~J~\ ::'~~e~~ o~t!!f::~• a: ::.~ :_ro~ig
penona defrauded. The qneatlon of fraudulent Intent la a question
of tact.
Pranda-Statute of. The followtD.2 oontractll, If enforotble 1n ooun.
must be 1n wrltlnr and aimed by the party to be cbarired: 1. To
an uecutor or admlnltOtrator, upon any 1peo!al promlle. to
anawer d&mare■ out of bla own eatate. z. To cbarie any per■on.
upon anr a-c,eolal promtae. to anawer for tbe debt. default, or mllcarrtare of another. 3. To charce all)' penon, upon anr arreement
cllarce
::.::1~~e
=~flD~~~~1\ Y:,;fn:ia~~ln:tb~~~a~f t::C::;
~. Upon any a~eement not to be performed within one
1
year■ ).
6. Sale of roods uceedlnc no In
value. unless part payment or pan delivery be made. 7. Upon
any repreoentatlon made conceQilng the cbaract<lr. conduct. crodlt.
abWty, trade or dealing■ or any bther person.
Garnishment. (See Attachment.) Garnlabment la a remedy ID
aid of attachment. Upon any penonal action artslnr out of contract
any penon may be 1JUmmoned as a carnlahee delendant upon an
&ffldavlt that omctal ha9 rood reaeon to believe that any .r,enon
~~r~:fm,:bi:Je'to~ie ~e,~~~o~~r ~t~I b~
rear from the malltnc thereof.
recant to her aep&rate penonal H\ate buslD- lallor. - Nntoe. ...
her aeparate eatate. real and "nonal. be llable therefor. die u a
femme sole: and her bUlb&Dd la Do\ llable tor nch deblL nor i .
IDdebtedn- oreated by the wife tor lmprovemcm\ of be IICll&Dt.r
real oat.ate. She can malle leaeee of Nial - t e for tcms ot 1llnr
yean or lea, and exeoute moncacea to purchaae ~ . ...,.
out husband Jolnlnc. Sile ta bound by covenante of tlUe Ill __..
ancee of ber ■eparate real - t e . Her deed oonveytJac her r-1 - .
ber husband not JolDIDC, la abeolntely void. She -:r_ 1111e aa a remeole for any damare to her penon or character. She la bollDd to
1111:e manner as principal on ber omclal bond. She caD not eater la\O
an7c oontract or auretyablp, alld 1111cb conuaot aa t.o ber. la WbOilJ
rtr d~:feg :t:rr;o~e~ i:~r~f:~d°o°n:~ =~i':nt,~~o~~ ~~
u an Inducement to her oontract. lbe mak• a sworn -lemea\ a.,
~~:e~~.~~tsulnre~.~
ooe havtnc no knowledce that tho contract ' one of aurecysl!J~.
She la entitled to hold as uempt from esecutlon ber we&r1rac appa:u.
!: ~ 1
:::.i:,ci~: i:o~t:r~
~r,~ro r.: ~,~.°!t11~:~;;~~~:~~r:egc!i~~..~J.h~g_-;;
mg,
~~nptb~ :8ira~:0t:.:~b~n=1~r P[~r'!~b:.o~1!':~
tor. A widow takes one-third of ber d e ~ busband·a real -.s,
1n fee. and tree trom all demands ot creditors, where tbe est.ate doc,
not exceed $10,000; one-tourtb. It under $%0.000. and one-~ !f
above that amount. She also takes a cbUd•s Interest In t~ Pfteonal,ty wbere the number of children does not esoeed ,wo, and WU?"t
there are more than two her Interest shall not be lea tban one-tlllnl
of the whole of personalty after payment of debt.a, and In au takes $500 without accountlntr, and may occ:upy the d,..elilnc &LJ
forty acres ol her husband"& Tand for a year, ren\ free. But tbe ~fn~~m::in~t•e p:~krt~t =li:~~1';;°:8~;1:,tr::r::o:.0
third of her real estate wblcb the widow takes In tee. can no\. llP<·•
money or property ID the bands of tbe rarnlahee defendant la bound
her marrylnc araln, be elTectlvely conveyed or moncued by ber. J
from the time the 1ummon1 la ■erved upon him. Realdent bous►
there be a cblld or children, or their dcsceodants, alive by Ule p?'CTle-,,.
marrtare. Real e.~tate wblcb buaband and wife bold by title 111a.31r
=~rs~ :1fil1gfb:, c!:ee~Wa~:,,nof~ot~~l:enrt!~~~e!~J>::;
to them as husband and wlte, la held as an eatate by entl~tY: u ~
of $Zi. and of resident householder■ to the estent of one montb'I
not be taken for the debt of either; la not aublect to the II~• at •
waces, are uemyt from execution so long as the defendant remalne Judcment 1>caln1t either, except ID caae of the death of either or u~
illvorce rranted, when the estate Is deatroyed and become9 &ebJ«"
c:'ut
tt:,~~=·fof0 ~~u!~~anins:~
to levy and eale; and a moncare thereof by tbem bo\b for a dt,c
elsewhere In violation of tbla prob1C1t1on may be enjoined and the
of the husband bas no lecal validity.
offender be orlmlnally pro■eouted.
Mortsasee. (See Conveyanc:et.>
BoUdaya. <See BIiis of Excbance and Promla9t)ry Notee.J
Ne11ot1able ln,truments art' deflnru by C'bapter 63 or tbe .1.-.,
Buaband and WUe. (See Married Women.)
of 1913. Soctlon I provides tbat lln lnstrum<'nt to be necotlabl,• DIGIII
IDberltance Tax. (See Tues.)
co'f0 "Tt, ~:ie~~~~':l\1~~~";,T;,,ts~ by the maktt or dr..,.,r.
lntereat. The leral rate la 6 per oent. but Interest mar be talla
2. Must contain an uncondlt-lonal promise or order lo pa,- a
In advanoe. No acreemeot to pay a blgber rate II valid llll1- lbe
taln sum In mone,•.
Ame be In wrltlnc, and ID web oue It la not lawtul to contrao\ tor
3. Muat be payable on demand. or at a llxed or d ~
future time.
0 f3raaoet':.tan ~~~ ~ ' : . .ra~ 01ai:;n:::,ie: ~~
4. Must be pa7able to order or to bt'an,r.
and llleral. and the uoeu may be recouped by the debtor Whenever
5. Where the lnatrument Is addNll.1ed to a drawee. be t,,
I\ has been re,erved or paid before the brlnrlnlr of the eutt. Jnterai
named or otberwtae Indicated therein With NIUOD&ble oertalntr.
on Judrmenta runs from the date of the verdlci or ihu11DC. at the
Ita negotiability Is not affected by a pro,1alon whkti a a ~
rate 1pecllled 1n the ortclnal contract. not uceedlna 6 per oent. and
the sale of collateral securities In case tbo lnetrument la noi paid ..
If no contra°' baa been made 6 per oent la allowed.
maturity, or autbortzes a conreeston or Judgment It \be ~
,ladsmenu of oourts of record are a lien upon all real estate of
be not paid at mc,turltb. or wal\'es t•h<' benrflt or any law Int-Sod r.-,
defendant wtthln the oountJ' for ten year■. Judrment may be
obtained at the 11.n\ term of the court. after prooeee ba1 been served
:~::1~:~e~rJ~~eoi:fi'e"u
f~~.,.P~~~~~ltd~ '::o~~~ou to req=on debtor ten days prtor to tbe lint day thereof. Judrment ID Justloe
To cbartre lndo....,. notice or non-payml'nt must he given to blm a.
court becomes a lien on real estate or Judgment defendant from time
uniwalvt'd
by
him.
once.
of ftllnc a transcrtpt In omce or tbe clerk or circuit coun. A oenllled
Every negotiable l1111tn1ment. la Pft>·able at tbP time llxNS ~
oopr ol any Judcment rendered by tbe circuit court of tbe United
without grace. Where day or maturity ran,, on 8L1Dday or a bobda: .
States for dlatrlct of Indiana may be II.led with tbo county clerk.
Instrument I• pa,-ablc on nest suet"eedlng bwdn- day. lnatnm,,s:·,
Legal BoUdaya aa to commercial paper &re as followa: The llrat
payable on !!aturday are to be 11n-..entf'd ror raymeot on neat day or the week. commonly called Sunday: the let day of January ;
Ing busln- day, except that dt>mand lmtn1111ents may b e _ . . . ,
the 4th day of July; the 25th day or December; any day appointed
ror payment before noon Saturday ,..hPn that entire da,- la noc a bolkb,
by the president or governor ror public rasttng or tbankaglvlng: 12th
In any case not provided tor In the act the law mel'dlan\ son,,-.....
day of February; 22d day or February; 30th day or May; 11.r Monan~J 11d~~!~
a~~l:1n8truments made and dellday or Se11i.mber: 12t-h day or October; and any eloctlon da ·: when
any hollday (other than Sunday) come11 on Sunday the Mon y nest
bel'ore April. 1913 .
..uccoodlng shall be the legal holiday; Saturday afternoon ts a legal
Power
of
A&&omey
must
be uecuted and acknowledsecs. aa4 ,t!
balf-bollday In the Mty or lndlanapolla and may be made so by aci
for the oonveyanoe of real estate, or to affeot real 09\ale> r.contClll. 1a
or bankers In other citleo or over 35.000 population.
tbe eame manner that deedl are made.
Llena. Liens are cranted by etatute to attorneys; to penona
Probate Law. <See Administration of P,atatee.l
holding claims acalnlt watercraft on acoount of 1upplles turnlabed or
Protest. The statutory damape on sucb pro~ are ~ per er->
work done; also for demands tor dama~ arlslntr out of frelcbt oonon the principal of a bUI of escbanre. If drawn or necotl&ted wtaJ
~~~i ~ry w!~~~~:i~~l~n~gap:~~~!~~~~~r~~~=~ thla State. upon any penoo, at any place out or \bb State. but wttt:a
tbe United Stat.ea, and 10 per cent If upnn any PC1'$0D. at &AS" pl&;,
penons or propeny; alao to employes ot any corporation aa aralnlt
without tbe United States.
any of It.a corporate property or eam1Dtr11 tor labor done; also to
ke-epere of livery 1tablea aod all penona en,aired In teedlnc atock. for
Replevln. When any penonal propeny Is wroartuU,- t.&ks .,
the feed and care bestowed upon the eame: also to contractor■, 1JUbunlawtully detained, or, It taken on uecul.lon or a t ~ L b
by a third pany, the owner or claimant ma,- brln,: an aeaoa
olalmed
~~~~tota't'o:°ocrc?i~l:tiJ~u~e~~t!r;,r~~~~~-e~ntor6!.1re~f:'.151a~:::
for ponesslon thereof. He may claim Immediate delh·ery lnlt, repairing or removlnc any house. mill. manutactory or other
allldavlt therefor, whereupon the sheriff takee . ~ o n of u,
bulldlnc. bridge, reservoir, o·stcm of water-works, or otber etructure.
property. and It a dellvrry bond Is elven on bebaU of tbe ddco.!c:.·
. known as a mecbanlc"s lien ; alBo to bailees a.od tradesmen !or their , within twenty-tour hours, the property la tctumed to him oth""111'
valid and reasonable cbal'ltca In the conatructlon. repair. or alteration , tbe plaintiff may clvc bond and take the property; falll.o·f , 0 do •
ot any article ol value; also to the bailee or keeper of personal property
It Is returned to tbe defendant. The plaintiff baa twent7- our be::.,
for any teed or care be•towcd by blm upnn sucb property; al!IO to
In which to Ille bond. Justices of tbe peace ba'"e- Jnr1--11ctloa .>
forwarding and commll•slon merchants on 1toods which may have 1 replevln suite ln,·olvlntr property worth $%00 or lcsa. PT'O<'ellu,. a
remalnt..J in stor4• for ont! ;·ear or mun·-. l't>rsons sto~llll, furnit::.blng
aame before Justice or the pcaoc. except that the plalnllC rr.i.st !.I
t1uppl:l•,,. or rl'p:,irlnp; a.11 aut-omul iilt! or ,:aro!irn owucrti ba\'e Uon on 1 bood In all auch cases. Replevln may aleo be bad W1tbout botld. ~,
au1,,mohih· \\h.kh cnn be fort.•-4.•Jus<',t vdthln ou<- year Crom falluro or • allowing defendant to retain posseuton of property l><"ndinc Wit.
own•·r t,) pa;; L'.ha.ri.:t\,;, .Judl(mcut~ n·n1.lt-re<l in auy cotmty in the
Sult•. <See Actions.)
S1a:c ;H1• a lien upu11 1h1• rt>al p•~tatf" s11ua.tt·,l In ~udt county for a
~.h:l'k,\I o! 1,,11 y,•ars fro01 tht• rm1dltlun thert'11f. dntl Ju,kments rt•nd,~red
TMe•. State. county, town~blp, munlclp.,1. ~choot. and toad w ..
in ll:e fe,.h:ral ,•uurts a,r(' o ltt.•n upon a11y l't~'\1 P-..tah' tn tb c State fur
attach as a lien on real estate on March lit of eacb Year. 11 n.i p,,,a: 1,r
1ht• -...'lJJn• p,:riu,l.
l'ro\"i:--ion is 111atlt) by st:tl:Jlt,. ho\\C'\t.' I', (or the
attncb on 0rst Y.onday In llfay in tho next Year. un,~halr cl ._.
tlliu.· in th(' l't•u1H, wlwn· :ljt> real l'~tatc b -.it ualt~,t of a tra.n:-.crlpt
taxes may be paid without penalty. If paid before l'lrst .lifondu , •
t,r any jutl~11w111 r, ·ntkn'11 in th, • l'uilt.-..1 ~, ,,tt-..-.. ('ullrb. Th1.• ot'tkt•
Mar; other ball. II paid bclore ftnt Monday of Nov<'mb<-r S..Jro •
.,r fill' eh'rk or the dn'uit c-ourt in t•:u·h t·oun1y eoutaln.-.. a 1,11blh' rC<"ord
rca estate for taxes arc held on the second Monday of Fd,.n&ary .•; :
h1111w11 a:-- th,· Ii~ p,,11,t,•ns r,·:·,,r1l. in wllld1 rwticP of Uh· t1Ji111,1; uf comall lands on which tax~• are delinquent tor two yi,ar, are o8Pr.c
pl,,int-. l11 1•11 f11n•t• 11.-ns an• n•quir.,d to he rl""'onkd, and alsn In ra!-tYJ
Own,•r has two year., In which to redeem. by P&'Sin,r tb~ amout .. :
wt11•n· n·:,I ,,, 1,1.tt• j:,; ~l'io·ii h~· attadtnH'llt. or t'Jl:f'f'Ut.t,,n .
l 1nl"""-'- so 1 lorth In the ceniOcate of purchase. ,,..Ith all suh~u=t i.u" 1'1 ·'
rc:·1,rd,.. 1 1 tu· t,nm.::i:u: of :-.llit:,; do, ..... 1u,t oporatu a,,:\ <:Othtru~tivo noth'e.
and 10 to 25 per cent upon the whole sum. With lf'<"1l! tn~=t rrr,-.
Lintlt•tlnn~ to SUit!'. A('t.lou:_4 for Injury to person and character.
the date ol purchAse or pa'l"1Dcnt. Lands are aol.t for one r,,&,~
11.nd tor st11t1Jtory Pt~rrnlt~· or Currt'lturc. two ye1t.rs: aitulnst. public
delinquency, but the tollowtur year'• tax toot vet ,)f'lln<JVf'D\: i011\cl'r~ rrh,ttru: to thclr official duties. and on pulJllc Improvement
emhracctl In the amuunt or tbe sale. An lnb,..rltanc:-..- t,,s """ta-·
a s~,·."~mcnts. live years : 01wu 11rcountH a11rl contrnct~ not 1n wrttlng. 1 In u~wunt according to th~ amount ln,·oh"NJ. and tbn ,,.lat Inn 'JI••
tor u~e. renu and profit~ ut rt·ttl estate, ln.1urtcs to auJ detention of ! b,·11l'flciarh•, to the d('("edrnt . I• levied upon all lntaninbk, or c.,m,·
J>rop1:rty. recovery ot persona\ prorwny and r~liet aicatust fraud~. etx
pro1wr of rr..,idcnt d0C'C(lcnc and upon tandblf' ProPt~r r.r non-ror-,,,-..:Ycur:--: upon pron1h1.>I"}· notes, bllls of "'cha.nu:~ aud other writ.ten
doc"'1,·11t. Tax ar•pllcs ,u; 11'CII to ,:Itta made In ant1<-1pat1on or.,..-~
co11tn1<·ts ror 1>ttY1ncnt of mnn("y , ten ycnr:-;; act.Ions not llmlted by
to I tLk,· effect nt that time.
atat111c. Urt~u l-·can; otberwritten contracts, Judi?mcuts of counsof
Wills. Nuncupatlvo wills. wbere property of more U..■ tile ,ah,
r, .,,, ,!"d ,u1d real ac-lloU):I, l\\CfltY ycarK. Hevtvor : part JlaYntC"nt or
of s1110 1s bequrath<'d, aro not val1d1_uoept as to tbe lle1'80nal Pl"OP""l1
1 •r- 11 11t~c 1n wrttlmr.
E:-.c.•pt tn tA,·or ot sureties. lhe st.at.Ute of
c,nd w111tes of ,oldlcrs and sailor■ ID actual eervt~. A nuac,apas.-..
•
11 d..-.e~ not run n1.taln~t the .Stat.,r.
"'Ill must be reduced to wrltlnc wltblD 11.fteen da)·~ afteF It ,.ball ..,..
been declared and proved by two competent Wltn- w1,o Uall ._ ..
1
1r~~~ir1'!~i-tatt:1'~
1
...,t ,!!.~1':1
heard the testator requeet tome of those P"-Dt
~r - •
i,f the 1wr'-lon11l 1uo11cr. ty he.· may rcct·h·e from ber. uucJ DO
thereto.
No w111 In writing la valid unleas elcned ID tb~ p - o!
1 her land~ nrc lln.l ► l1• for sueb lnclc.-bteduc~s . A married
two or more witnesses by the te■tator. or br eome one tor b.la, l!l u,
Jt_\'l'-c _l11•r 111•p11rnv• c:-ttatc; may ~ell nnd t.rbusfer hrr ~cvnrprrsenc•. with bis consent. and atteatNI and eubeatbed by , _ r
1\. P;tJl>t rt}': C.'HT}~ on 0.11:r tn1~ln(•s~. lahor, or st•n·tcc.•, and
mnrc witnesses c,t bl• requeat. and ID bl• presence and tut or wt
111
~:~,.~
tn'J1&:i~
:n~~/:t~ i:t
~tlttt!t
=·
:»4:i':ra~ ~
':.'r
;gg,~c:.,
~f
1~~ ~~\ :/~~[r!~~f'~~/i:'} ;o"~!, !:-~~~"t
a nt ,c" l\<'('n1tn~ ttu•r,.rrom : t'ntc-r Into any contruct lo
'°
otht·r .
\\'JII 11,n~lt• twror«' marriage l>N."'OmN ,·old on m ~
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IJ4S
liA:',IKINCi ANI> COMr.tt-:ttCIAL LAWS -IOWA
ft"'''•"''"
rn•••' t ... t'ftft'tlJil.-.1 14\t .,.. p.111c,,atan ataaw-•
,-el,n.._, lo oo tblf' tut, )"" t ••l ... v .·1 •• l•a.r,,•
h• , ... a1,1I 1••11 a, .. t : . •~•t • •••••••! , ,- Ii.A) ut,l.lf' I••·-., I•\ . . , · •
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S\':S.Ol'SlS 01'
■ IU•
THE LAWS OF IOWA
,••1m11,1 , n
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Bue •
''a'r:: ,.-r,u rt
ar.·' ( l$hn• ef
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1:' ·, ll\ t fru1 .1 n,,. (,\1116 or thr II •\IIT • f "'l'•"•l11t11 ,ru~ . , .
h, r•,S. r1 q i • & • tu ••·~ &·• ·u a.;•1•11l dr,,....trot l~fl,llt1f Ill lhr tlL•Ulrt
,1· ,u.-r .. ,: ., 1our·. a , tl,r ~1:1 f' nf t.,• 1Jr41,th. 11, un,.,.... 1,c-,cullar drc\im•
e:ao•.,. f'n\1Ue tbr f'~a\man\ \o f'\-lultAMci u•Uf'f.
Afl\tl•,tt,.
Atl\,\•,,lt• , ••. • ,,. M ta'a.f'ft t"4"fnut any fW""•II a•tthnr••.....S
t ' , .i •• n .••rr ua·h, ln th,. •t•V •b,..,,. ta•rn
If ta.-..-n •l·t, , ·11 thf'
!1'• .a't" or I, •a. U,r .. mrt-'I ,;-ha1ar•rr of tbr , , fflcrr adr1ll1i 1•1rt1nr t.bl'
" ' : h •h •U ., I t,,,. f''tl,l,11< .-..t 1D tbr ~tar ••~ &• lbr 011'1 , 1111 ! 1· h11•1\• tf't of
11 :i lrt),,., t.a~iuc ,:q, .. •\ t, uua
, _.._.,. Prr~.-1,t,,n1 t
Afti,111, It• :r a,· he
t& .. t'n w1 · n 111 thf" "' ' ,,,. f,.r an\' t••htl ,,uq .. ••#. nf nnr ,u1•1l 1l11 f t.o
\ • 1 uit..ar ll, m,11a,.. aa a~ •la\lt , h)' nllnC A t"ol"•HI ,n wtth I\U nm,·rr a1 1t11•f •
1,.-,1 t" • ltnlnhtrr "" ! ht . • ' , , 111 11 ) ,._. ,, .,.. th..- 1~ • -. , n t,, , .. n,,. l •rf .. re
, .... ;\,.
1
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1 fd• p, .. ~ . h l l. . . U.atut••)' abd u,u,, ..,, . .
to tb• •t.attit ... , ► f Jo•a
Snn •r--.1,1,-n1 al!,.n• or N"rJ"n'""""'• lt,••"""' ''1,..t an'1•r
tt<t .. la••"' an)· '"''"ICll "11 1a1~y ,lr
,·•oq•~•J\tl 11 nt p·~,• . i:<"lt lo thl•
.n•. q, nfH" h,lt11f tt1r ,,,w1. ot • t1!rf"'\ h "•ur,1 nr ('\1t;:1 ,.•: ,.. ,1 hy ho>II•
, •• , ,, :,., .• , U,.u• "'f" r, 1,1 !·. 1•, : ·.,._J f1,11 :· 11•·,pllit n r tt11f" ;o ,,r b11hil :, . " 11 1
h . ·u •n: 1' ai,c-
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T"I• !'l~,!h._t~ 1 1"•~n,-...,,t 1•• .........,,.,.,....,..,..i
ID 1-,••
C •lt•t.-ral ..,.,. urt,....
l•r•par..J &h•1 1,nlwd hJ'
ru.-t\W
•••- I}
by th• 1.-. 1, " t •!'
aJ l' l JIB- • •
•• l&,'1han
,:.,,,,. •• .,.
ef t"1rha•,•• ·
:,~,t_z;: .~;!1 1~t~"•J~,~~.;~.,.,; 1\ /1~ ~!7: 111:~10 "' 111i t'.':., ~ :~~.!~';/~:~;'\:'n~,h~~~~I~
1
Ollf"-haU
of h 1 , r""l11 ! r •hAII trn 1,,
lh <' (lA1r t1t •. th,· ••thrr to• !],. "'l' •''ltr.
tr 00 1t1n·1,, n 11 •t>••U•.,. th,. wh .. l(' th<"'""' !lhl\ll ~" t, , ht, f'l'\:.-nt"
or th .. 1,n, 1, •r 11t tl ,,..111 . """ ..., on thruu,h 11,.,..,.n.Jln'f "n, ·,.•tnr•
and
thrlr \-.•Ill". lf h--1 t h p11·,.n : 11 hr dr .. ,l
l ' r,--.,. ,i111l p1,of1rt1)' n,I\
nr c-r~'"'"''Y to t•'\Y f'lr! ,t • I• ,t 1,t• 11 ,111•••I to th,. " ·"' :, ~ pr r ~11us, anJ lD
lhf' IIUllHf" proi•ortlOD't a.• thOUC'h lt .. (',.... fl"al f'lfl,t.at(' .
Powttr.
Jlo"("' lo I•'"'" h• at,olil'brd, but. tb~ tun: 1\·tnc 1pou..ae
ti rnt.: .r• I '" uur tt>lt •I lo VAlllr of 3 ;l •hr l("..;J\I ft.11'1 rq t. ltAI Ir ('1'1.'l~<''
tn rr.,1 1•?11p.-rt)' p,,..,,, •.,....J 11y th,. 11rt:"' l\"' '•~ •1•1HJ""' " ~ l\t l }' tlr,,. t111r•ac
thr ml\H1 \ ( I " . whh:h h'\\"" nnt l•rrn !\-o1ld "II l"\•· , • 11t1on nr .,., 11)' n ~h,.r
J\h1lr~,I "-.'\ It" , An11 to 1\ ld('h • •11 h •1 1n IV•,r hi\, 1111'1 •1" nn Trlln,p1l .. h:1,.-r, t
r! :;~ ~
', -. f 11t~ ,." ~; r'~I :~,•
~I~~ l 0 1:~~J,r~;~: ,~•~,'/:;~!;~; ;~;,I~~! f~n'tt:~ ~~I~; ~t\:t;.~
;,r !r.',rrll '"'"<'for take unJer th~ -aUl of tL~ Jc-<'.....,;., ol .
,SN Llml•
\attnp'I I
Y.1~• utlnn• may l,r llt.A)'Nt . •,·c•or,!lnt' to thrtr n.1 ,1o wrt. lor nlnrty
dl\Y" ,H •I\ rn,1nth ... • · Ith f\ t, \ I Aprt ii ••,l • \\•' J •tl,,11 •. ,,ht\ tt.c 1- -..11 n1 :,.._ of
t1lc ◄ - 11 tl ,n Ill"\)' !11• J'fl""\f"'li!•·•I I,)' fl \'• 11l dh ,q , prn: 1•1'11 , I
fl:la·, ....,..
flt• ···•: • ,,,n 1· ,--.r t,•11 ... tn1 1· i 1·t11 .'111 •: r .,rii:-r rr11d'. t io111 .. r Jll 1-:n.rn ~
·i nc
l• ., llrn nu rrn : 1)' \\ ,t !,, n thr 1"11\J1, : y \,ti,.,r t1·11,Jt, r.-d . nr fl)•
u ., 1, •• · · ';·t. It 111 ,,r ,,,. 111t1 , I'"" ll rn lf1 I': . ~- 11thrr ('l' , nnt;
,-· , ... r,ut"n•
1,,.,•, ,11H : 1..-• i • on prr"'nnJ'\l pr,,p.-nr •l il ly fr'" ' ,tc,. ti n 1• of thr \,.,.>· <i'\ll
11"tt•1·.I<• .,1 ,. .. t ,.,. 1.. ~ .. 1,1 ,,n r\r("lll!•)I) •1 1t , , ,.,..~ ~" tr,!,·1;q ,t \on " 'l' t;l n
on,. ) """ f"lc•· pt 11, I\PI'•· , l ,·,t 1· 1'\, ,· -. , or" ?•--rr 1hr t n •rr•·•t I!! "' l("'J\•rhnld
ot n•1' \ ·r!\"" 01 11'-c•
1·,rdl '., ,r-rr Ill'\}' rrolr••m from t~r ,,,,.. af:rr 11111
m11n ·11 .. ·,. ,. ; hrr.,, .• nlnr P : ,,ntla• frum i.1Att:' oI sale,.
l',·nooal pro~rtr
Jod,;inrnt
t h, ,~~ ~ t
•o • tt".
f't' ,t . 1 . ;(&,
la !l,11'1 wuh .. ut rYd .. 1111,tlnu
f:,~1nptlon•. 1'hr hrl\11 of a hmlly ta ~nUtlN to a borr.Ntead of
fort)' :\,- 11•'." ,., lf'tlll or f.· r 1" hnd . or hnlr .-.n "rr"' or lf"M ln rlt)' or towu .
a,,
lt~ ~1• of J1('r-..1nrt.l prnp4"'tt}'
O ~-At"'-J.
l.~C"U tb ,\f(' il'iU,t. I,~ ur t.bf'I J)ftr Ynhu• or • , ,.o
fhe
I' •· -.. ! 1:1 "'"1 11· r ~~, pr, ,.. ..,,. I• " , ~• ,·, .,f I\ 11) 1 n1.,. (1 rn ,n . autt numrr Hl'I
&rt" ~tf"'mtu t'l)' at..atut~ . Tbf!'rf' an- u..atutory
pr11vi- ,.-o,. rn11,·t•: 1,•n~· uu· <'1T ., t111n or 1l••n11 on ti.empt re.al or pe.nioosl
pro1,.tc.-ny. at11l tbe au1con1e1u of e1.cm1,, wai:n.
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BANKING AND COMMERCIAL LAWS-KANSAS
1346
Praud. lD aoitou for fraud. berelofore aolely -1allle ID a Cll>1ln
of chanoery, tile e&WIO of ac\lon allall not be deemeil \o lla'H ~
until tile fraud oomplalned of allall Ilave boon dlaoovered by illo part:,
anneved b:, ille
of duo dll11enoo, In acmou broucbs by
~dcmens creditor to - ulde a frauduleDS oonve:,ance of properly
elill~~':u'C:u.To':'
toaali!.f~~n':
Groa fraud II punlabable b:, ftne or lmpruoll!Dflllc.
GarD11bmenu. (See AUeohDHIDU.)
Buaband and Wife. (See Married Women.)
1Dtere1c. By wrtceen aontract. maximum lepl rate. 11 per cent.
Judcmenta draw a per cent. or auoh rase 118 Ill ll.xed by the contraci
::J:~smens
monlha from dace of lut Item; mone:, loaned, mone:, due. mone:,
due oD ■e"1ement or aooounta. bear lntereac at a per cent per annum.
Contraoi tor more Shan II per cent fortelta all lniereat and oona.
6udsmonu In the dlstrtci and mpertor aouna ma:, be obiatned
at lint term after IUlt commenced. If undefended; an equitable
aoUon. exoopc one for forecl011Ure of moniraire. or meohaD10'1 lien
or for divorce, II triable at ille second term alter the II at IIIIUe.
Judcmenu of the dlltrtct coun are lieu on real - t e owned by
tile deb\or at the time of rendition. If the lands lie ID any other
counw, from the time of lllln&' therein an atce■ted oop:, of the Jud&ment. Lien alao coven all lands whloh defendant ma:, aoQulre
exermae
~~~~~':,;:ft~
::nr::
8~!00.:,~~3~':a·a"~ex=""~ rJ
=~
~
g,~::'redt'wi:n~~ J~~:n ~e
;1a:: J~d~"!nr
bus thll lien dace■ onl:, from Je ttme of the lev:,. Judsmmw oi
npertor aouna and Junloe of peaoe couna become 1101111 on real •tate
11
11:"1t0
! : d ~ = = ' / ! ~h~~:~~~
la ill• dllUIOS coun.
Lien■,
Th- are malnly created by atatute and are enforceable
la eqult:,. In a few .._, and under peoullar clrcumatan-. equitable
leu OD real eetate are -blllhed and enforced ID eqUISJ'.
Llml&atlon1. Acttona. acoord~ to Sbelr IUbJect matter. have
1
1
of
Judsmmu rendered ID court■ or record have a limitation or twmcy
0~f=-noO:~:!~~} =e3'fgr111':
I::'uar:v 1l~w1°l11rc:~
:1.Atua:1
11/:C:
:! .':m-:i:1:!a!
=~= r:=~:!~'i:lci:; ~ti ~::,
rood SU. and one-halt of the other ta:1• levied are ~able
~
~':u~f~h..&~elD=r:, ~ ~
a ='o:!.~."
1 per oens per month. Tax• UJIOD realty are llena lbereon; taus
upon peroonalt:, are llena upon toe owner'• realtF. - p t I.be ho:,,,.
and ma:, be continued 118 1111cll lieu. If the acana,e la ooml,)l;e(
~:O::fi«:,i:: stead.
with, from year \o :,ear. Tax• on D8nOnaltJ' are llena on Ule penor.o.1
propen:, of DOD•raldenta. stoclla ot irooda IOld ID bulk. and bllll4lllcl
~t&J°~
~:a'°~:f~ "Ic!~:
.:i::.:.
~=
~nt~P~3:\J1:1~ f~u!~~~':ill.°!~1:=~
= • o r0
ID favor of crant- ID l)OOllellllOD.
Married Women ma:, own ID their own :;t.Jllt. real and penonal
~"Jea:!~ ::~t';8c,~1Jf.!l...,:~r:·ro~th:e;~:ta t~~ 1~ifttP~
of She oilier Incurred before or after man1&1e. nor are tho wac•.
earnlnpi.. o_r propen:, of either, liable tor the ■eparate debta of the
oilier. 1.iODtr&OU ma:, be maoe b:, a wlfe1 llabllltl• Incurred. and
enforced b:, or acalnlt her. u If unmamed. Both husband ond
wife are llab\e for ille u p e - of the famll:,. and the edueatloll
of ille children.
Mort. . . . . mut be subscribed and aolmowledred b:, the partt•
creatlns the Uen and recorded aame a1 deeda are foreclosed by oqultable
act.Ion. The wife should Join In tho lnatrwuent. ucept mortrarea
for purall&M mone:,. and l'!lontarea upon non-exempt penonal
or addlt.101111 made atser the .-meat for tau'1on la UM! odd ,...,._
Penonal propen:, ma:, be levied on and IOld for la:les b:, d and aale. Real e■ tat.e la ■old for unpaid taxes. after not.tee by pu~llcaUon. on the lln& Monday ID December of each year. ftbJ- IO reclc::,p,,
tlon ID three
from the date of l&le.
Tru1t Companl•. Domestic truat ooml)lllll• are orsanaa,,d 1UMla
and eoverned b:, She reneral corporat.ton Ian of ill• Sia~. Fon,ip
truat compaDJea dotDr bualn- ID SIila State are ro•emed uod ..,.
trolled by the reneril atatuce■ OODOOl'lllDC and relat.tnc so l'Dreop
oorporat.toDI dolnl bualD- ID Iowa. (See CorporaUou.)
Trust DNda. Th8J' must be executed and toreelooed. and eonotdered aa mortracea. That II. the power of ale on not.tee la a ~
and they must be forecloaed by equitable action.
WanbouM RNolpta. ADJ' penon. llnn. or oorporatt.oa deot!illl
: r i : e d°t!~Jo:r ~rehi:~~~o:r•...::r.
~
hll or ts• eleva\or or warehoWIO la lltua&ecl, aett.tu fonll Ule l)anlftlan n,qUlred by atatute. whloh deol&rat.lOD muat be recorded by 1M
reoorder of doedl.
Thereaher he or It ID&J' llAe cen.Ukaua tu
aommodlt.t• aotuallY ID wob elnasor or warehoMe, bllt U.. ~
easea muat conform to She ltatusor:, pro,,..._, A r-s- .,
oertUleaWII larued mn■t be kepi bJ' She P&nl• ...... Uoem.. A
VlolaUOn of Sheae provlllou. llllllDtr double oontlleasea for ~ property. or ■elllnr or ODCWDbednr property lnoladed ID &a7 _,..
how n:-'irJ!;...II made a crtmlDal olrtmN, Then la olao a crlmlul
atatuie
llllllDtr fallo ~ reoe&pta OI' Nl'WkaleL
wm.. ADJ' penon or run ace and ■ound mtnd 1D&J' dlllpoee .,
1111 property bJ' Will. 1111bject So 1he rlrhU of homeatoad - d es-,.
lion ereated b:, law and the dllutbutlve obare ID 1118 - 1 0 l l bJ' law \o tho nrvtvlnr lllODNo exoepe IIUffloleDS \o pa:, Illa de•
and • ~ of admlDlatratlon. wwa; to be Y&lld. mu, be wit-.
wltnealed b:, two 40mpetent WltD- ldp.od by Ille IMl&loi:.._ •
b:, IOIDe penon ID Illa p - and b7 1111 exp- d1recs.loa. _ ..
■orlbtnr ,nsn- can dertve no beneBt from a Will. ~ UMmt .,
two oompetent wtm- bald• Shem. Willa ..-Ced oai.&de el
Iowa. ID aooon1anoo With the lawa of the Stale nore ex-ied •
of the c.tator's domicile. If ID wrtttnr and IU'blGrlbod bF \be - •
are nlld ID Iowa. U proba&ecl ID &DJ' otller atalO or •-UJ' t-,
lhall be admitted to probate ID thll State OD thO~llCIUoD of a of well will. u.d of ille ortrtnal reaord of probate
auuu1111k&W
b:, the au.taSloD ot the elm of the ooun ID wlal
nc.11 proba,,
t.ton wu made or of ille probace Juctre. UDdw -1. d Ille:, . ."
one. All wtlla mus be probated before UleJ' lie d--.1.
:,ean
s:-fe!°~~u:
!:.~'!Tier
~:ni~:~:~x~t~~0■t!:f u1:d«:~t':wtg,:tm!,~~x=~
Slo1111." When a mortrace II paid otf, 1&tllfactlon. thereof must be
made on marcln of tho record, or b:, 1&tlafactlon piece. aolmowlednd
Uld reaorded. If no aatllfaotlon. II entered within thin:, da:,• after
~u.c ID wrtttnr, She monraree rortelta az~. !See Chattel lllonrar•.>
(See LlmltatloDI,)
.
Notari••· Theae omoen are appointed and commlllloned by the
sovernor. upon llllnl a bond and pa:,lns She fee required b:, law.
The:, have power to admlnllter oatlla. take depoeltlons, and the
uaual power or auoh officer■ ooncernlnr presentation. demand. prote■ t.
and notice of pro\elt or necotlable commercial paper.
P&rt.nonhlp1. Umltod and Speolol. Limited and 1peolal panaol'lhlp■ are permitted. but not favored.
The atatutea on 1h11 aubJOOI
mu■t be ■trtctl:, oomplled wlill.
A oentllcate 1howtnr PrellCrlbed
detalll and partlculan of ille partnerablp muac be slimed, aoknowledred. and llled ID the offloe or the clerk of the dllltrtct ooun of ibe
oounty ID whloh the principal plaoe of bualn- ta situated. so be
\here reaorded and almllarl:, recorded ID eooh count:, where lllcll
partnor■hlp bal a place of bu1lnoa.
There must be an affidavit
\bat She amout ■ated ID the ocrtl!lcate bal been actual!:, contributed
b:, each aeparate partner. PubUcatloA must be made or the oenllleate
and affidavit for 11:l
ID two new1papen ID each. ■enatorlal
district ID which the pannenhlp II to tranaao\ bualn.eol.
P-en or Att.orney. A power of attorney to oonvey, or ID aaF
manner atreos real •tate, must be acknowlellred end r-rded. A
revocation of mob power must be aclmowledced end recorded In She
1&111e offloe wherein the ortrlnal p0wer or attorney II reoorded.
SYNOPSIS OF
weeu
t11::C::!J~be J!1l':"ti~t~~o~'f~~~: th{
~~ ~e:-=1Ji!
the United States; z. Taxes or debta due the Ssate. 3, Debta oWIDr
to emplo:,e■ for labor, not eJLceedlnr uoo.
·
Record•. All lnltrumenta oonve:,tnr or creatlllr llen• UPOD the
o~e,e~:i.aJJ'.ronru~~af1t!.:'°h'!,'!!1~~n~-:1:~~ ::acl~k<;.fo!-~~~'!i~
be n,oorded ID tbe omce or tbe n,oorder or deeds In the proper county
or oountles where tbe property oonve:,ed la situated, or the minor
child Is. Unlcea IO recorded, such Instrument,, an, lnvaltd as to a
bona Ode purchaser or encumbrancer or u articles or adopUon.
Redemption. Redemption from a aherttf'• aale of reAI Htate.
whether 10ld under a ireneral or special execution. ma:, be made
b:, a creditor who baa a lien on the property 10ld, at time after 1lx
~~~~l r;~~,g~ce h°i ~iu~!. i:,~r~~~ ~n!~;u~."rt'te0 ra~hoeu:i'u~
~~'!:
~!
t~~~Al't"~ft:I~• t:,r~t~lr~ctc~~1~1:J ~~:.ir~l~e in"'a':
:t:
~~!e~e f~i::,ir~~~
other. After nine montb•. an<I within one year from the date or aalo
the owner of the n,al e•tate sold bu tbe exclusive r1gbt to redeem from
tucb 11Alc, and. ln •o <loin!\; tbe debtor must pa:, otf tbe claim• of
!'t:;t~'S.'~ a".r:i\Wi:w ~t~ a~iint"~r1:i~r;~rJ'.ona 118 herelnabove
~~~~~•~:~;t
b!"v:r~~/is~ !~~ \~ep~:~~;~~i:1i:1~,~~Ji~~~•~.fi'v~-~;
of the property. he shall ext·cute a bond tor double tht' value or the
proprrtY ~OUl!ht to h~ rec-ovt'rc·d. The deknUant may 11t.ay all pro.
e,ectln"8 and n-laln the property by execut1nr a bond to tbe plaintiff
•1th l.'lur~tte,- to bf' approved l1y the clerk.
~ale"' or c;ood .. In Hulk. Sft.lrs. tncludtn,r r-xchan~ and asstrntrH·nt.,.
' · w\•qlf-' or m1'.Jor part or a stock or good8 lo Oulk, Is prc" 11 '
: :l ent. unless three l3l day~· notlce ln writ1n1 la
t,: '
lo t'l~cb creditor of the seller,
·''.tte la aaaeeeed e\'ery odd YNr: personal propertF
' -1\T.
AU oroo~rtY Is 11.Measffi at tt11 actual value
i,tY-ftve l2::t) per Of'bt or the UBesaed ,·alu.e. Aii
THE LAWS OF KANSAS
RELATING TO
BANKING AND COMMERCIAL USAGES
Prepared and Revised by J. G. SLONKCltaa. &oq
Attorney at Law. To~ka.
(See Card In Attorne:,,,· List.)
Acknowle4smonse. !See Deeda.l
Civil actloDI are conducted u requlrod
a eodo of mu1~·u eu8'::'r°~JUf!r ~-::•.muc be oven or plalnU
Dl&J' - Admlnl1tratlon or E1tate1. Probate aoune la_..
1,a ..
Jurtlldlctton or eetatee. Demands aratnat the est.ale are dlvtdftl 1aw
the followlnr cta..ee: l, Funeral u ~ . Z. E x ~ o: ..-.
Ian slcl<DC88: wagee of ■ervants; domancla for mtlllletDei and ~kol
attendo.nce durlnr the last llokn- and expenoe Of admlntn~~
a. Dcbta due the State. ,. Judcmenu rendered OCklul tao
dtN'.ASed In bla uretlme; but If IUoh Judrmens. are UeDJI Up,)■ r...:
eotate and the 03tate be IIIIIOIVeDI. IIUcll Jud~ia &hall r,.. )l&lO
without reference to cl.aeelncatlon. exoep\ ille Dn\ two wblcil b·•
precedence. ~. All demands without r - , , l SO qaaUt:, Wb!cb ..,._,
be lego.lly exblbltNI airaln.11 the - t e fll ODO 7&ar &tier r,,u:: ...:
letter■ of administration. 6. All demalUla thu utalbllN! ~ "'"
end of one year and within two Y•n. Demanclo eshlbl..-J w1:u,
two :,,are are barred, except aa to IDfanU. peroou or IUllOund :,; "'
or person• tmprl■oned or abeent from lhe l1Dl\ecl sia-. wlao .:•.
have one years after the removal of thelr cllablllllel. f'or,,J,r. u
ecutor■, and admlnlstraton with lhe will annesed. ma; ee;J ....i
e•tate In tbls State In acoord&Doe with the power ooal.&IDNI 111 ~•
will, uni••• administration upon tllo eataie 11.u beea cn,nlN1 la ~•
St.11te; provided that al the time of 1uch coa•ey- a eop,. of_.
wlll bl\9 been r,corded In the omoo of Ille proba1e ooan Ill ...., eoau
ID ,.llloll the land 11 situated.
:I.
Action ■•
"'"""J'
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BANKING AND COIOIERCIAL LAWS-KANSAS
Affl.ta•li. n ,af t,, mad~ ID or ou, of u.. lllale ..,. 1M
•rue aut.acun., u&l •1U1 lla.c a1HWAUceuoa. u dr'-"...ul.o.l~
4111 . . •ll.a.
.!!:"~·~:s• ,t;.~,u~~ :.~~rn:,••~::i,::;~~n~
or ~Mat-. Nl&I
Ar•ttr•U•n._ r•no11.1 ha,tn• roou,,..,,,.,.,,.. m.ay euhmh , . . . to
1•• art ,ttltl"a nf a.ri r r,r•,a ,,, 1wr•oht 11 . 11Li,,I)' acr•-1 u, .. ,,) aod
.,,., maa, tuch e,;h i nlNl"n a rul.- nt "nr cw-,ut of fN .. ,., l D tb~ "~'•
1.:_~
bullllla "'1odu1ue..a fo, tile
0
~•:J.;'~"':.; :.:;t:, ':'..': ::,~~•uue
~•,;:;:'vtt !1~brl::;~i.~.m!{ ,~': ~.7:','~.•~ ,.•,,. ~:• ~~,•.~~...~':•,:•~
:;,•4..~,1:uS';l;~•,~;,\~1~• 0 '0,t1h•••'~.~~!!;-t,1~'0A,'~r, :,~•h~~,:',;:!;
&a
: ; i ,';;-
tJ,\ ; J ,,._. .. . f,11 thf" fl 'J't~•er "' r , •rl""tf It I.,.) ,1,,t th• ,r.,. , h " ' tll ■ rt ... 11\ot•
or "'"'• 1•r 111wrtr wa11ra N tra\Wu••oUy N'IDttaLa or UaudulfllllJ a, . .
Ua.c-kJ th .. tlf' hi
••••anm•nt• •n• ltt..t••nry. A"1f"!":,,.t--1'!H m,211 hr tnr t~•
No,'lt ( ) t 4Jl c,.-.dt1.0r, aad on1r \Jl~arr• , , , tlrti\01 \0 ti• &mnuot
. , p&J' l1~0\a mw..
AU•.- hn .. nt .
, , or at,n tb• eocnm,aN"mrnt of aa antn a a ■
au.a.-h r" rnl tnar tw, l\.a,1 l•F 1,1a111t1ff
1 h, a :~.tl••II ut \be 1Jl• l nt1IJ,
~ .. &C•hl. ,,r •U..o·n•J f11UI\ I~ , , nJ. .,_.llnC l~r n•tu.r. nf tb~ f'4al1 :, .
U...\ I\ 11 Ju•\. lb• •n • n1nl affi•ut hraf' \ N uufh\ 10 t-. t•o-•"~1.0.
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Ju,1•• or ("l('r• of tbe .Jhtr1ct C'u\Jn Q.a\ h,1 a IN'a.l. a Junioe or \.be
P'f'lan- . ftolary r,uhll<". n:,un i y cJ,.r•. ,,...,. t ,~r of tlrf"llt. n,,,. ,, or C"I••
\b!:v«'_.l~l~~~~~y •~"~\~c ~~~r~ '.1jo':'
:,',~:\~r~''lb~'•,~;~ct,!T
~ :!'.:;
~~~·;!c n !:u:~1:: :.:.~;• t...!,t~"'•~•~~~~~,•~:~,~- :a~~!r~~~,0~,~~
or- ,..,...., ba\lnC thr ac.l \b('truf . • oummt...loc~r or f'lttJI f•lf' Kan--.
<"C' of \h" Jl'f""""" t•r n u t..ary pu 1 ltr, o r t>f"fore any cuo,ul of tbe
1u•1
~~!i((!.~~ ~~:.~('~·~'',~~.•,~•..!,nr r~-,\~,~~~u:r
o~'-:;:.~:na:
O
1 ri1;,"o~f"~~~rr
the o, 1ant1 ID wh~ch tht- lau,I le "l t 11&trd. or t t-ry WIii tH' Told p
•u~,u•D\ c••nt~• ta COOlJ fal\..b •hbout Dotloe
~•,~! [:U~~ '':.
161
lo
of ~rtf~~;:_~r;tco~\ u1ed
w •
:r-::•.,e'>:~~,~~:,~~~4~•:Jl~~~~
!::.~o~I::
t!;nr;.:,'::_:
eo
1
~~•:.:11
~.~::,.~0
tvu•IUon•
·1 hf" J,v,. 1•lt1 .. n• 111a7 be- ta•rn 1'4"f,•r~ •nY ~r100 author•
l1Nl \u 1&•• a("ao .. w\""tr111('Q\.a
l''. •C'b 111twe1111 n1u.et t\rn bl.a o••
df'l"".-h'41Q
The Doth""'
.
mull. lM" att&t'h'""I tu \ht- df'l•,.•llloo.a aod
lcc&oaf"ll wlt.b th~m . Thf' •••·l)()llllon• ah, 1 11hl be ounu11roc"'"1 uo tb•
•:1. :-t,~:!i~ ;:m:nr~~. •~~~ •h:!~,~~~;~! ►:.,~~;rn: ,;;~~~cocr,
:~,o:!';:.~~•e.;,,t:;! ~~~c-~,::~;;~f ..~or'!, ~-:/~~t~~•~;;~,.'~':i' ,:::
&MWflf Wfl\\f'D do•D
If
•IC"P, .. ltlnn.t •r., t.akf"D t~fnre tb• ma,or.
~'~f,,K:J'\~~J::
bt:~:~~~:11' ~~1.·"tr·~~t:!" ·:n:'~:7:~'~t~!7~~;;::
al>ove aamNJ. • ~nlO ,·atr- mu~t be •n11c1r,l . un ,t~r th«- ~•I of t~
1
11
11
:1~-~
;~
1a1&en hy lnurr,,icat.utN an1t croea-ln1,nofat,1rt,.... \tn<1~r alCtf'f"ment
thf"
1
court of thf' 0i•unlf. or ,h.,. (Tf'at •.-el of the Stalc-. tbat tb• omttr
bJ' wbnm \hf" 1Jr1-•tltluu •f"f<" t.Akc-n wu. at tbt- \lmt" of t.ali l nc the
. . me. t\wb omt·«'r &.111 bf" , ... ,,,.,..rnt.a hlrn,r l f to two tn b'- etrtlOca\41.
TbW lbould be alt.<bNI
0 . - n l and
'°
\lie m&ahlU-.te e ~n.lftcalO.
Dlo1rn..,,1.,n.
Tb• llom... t~ad It u,~ at,,o,,lalO
propr-rtr or the wlJow &uJ "h lh ttto-oot""-bAlf 10 valu~ to tblP wit.low.
aoJ \he o\hN bait l.o \b(" ("h1:,1r,a. Wbt"U l.H•th ■ Uf\ l \'e . The hom•
1teaJ ("'AO not hr l.llvMNJ or eoh1 hJ an a c- tlna fur partltloo untll .ii
\bf' ('b\J ,t,...n •tt..alo maj, ,ruy.
u,u• • ha l f of all rr&l f"~tal.~ o•nffl bJ'
tauabaod 1lurln11C <'••~·r,turf". Alu! out 1·1111\• l"J ti)· h 11111 ', a1 i d anJ wu..
oor eold a\ Ju,tklal AA.le. an,t oot a~('OJaa1J to r"Y Jt l •U foN t.o the
wttf' lo Ire 1h11t, l <" . f'I.C'<'PL of le1ut !lolJ t,y bu•l•"ntJ wb, ••<" wlft ne-,·er
re,tl11Nl lD thl' Slat«- .
H("m"lnlnf Ntate r••r • \o thr tur,,1\·tnc
eblhlrf'tl. and tl\'luf lUUf' or prior Jf"('('&-"Nl chll,ltf'n , cb Hdrt'n t.aklnC
prr aUrp,..11 . tn f"qUI\ ,hArre. or. tf Ono~. 10 th(' 111lJow . l'vr •ant of
wtft> or child tbc whol ,· f"111tatt- l'ON to the- ll&rf"nU
Thtt rult"I appll•
M h le t,o wl1l \1 w of J1•rr1111Nl h11•!1-&0J apply \.0 bu,iha.uJ of drN"a.wd
w1ft' . Jltrc-1t l matl9 ("h\ ld rr11 loh C' rll frum tbe moth('r. and "llO hom
\hf' fatbt'r . If bla tt("nlfr,ltlnn bftll l.H"f'O l'f'O('ral a11J D0 1'.•T11)U9. or ID
wrhh\ll .
\\.hf!D a chllJ wnul,t lnhc-rlt frt.llll ('l\b~r (l,11\rf'nt. IIU('b J\aft'Dt
WU\ luh('rt\ from tbt' <"hlltl
l'f'r1t1Ual pr,,pf'rt}' llcaC"e'n1I• ID. tbf" Mffle
WftY u
rral ~tAte .
Propf"rtJ '1f"11c~nJlnr h)' law or •tll lA 1ut,,t"1:'t
,o 8D 1Dh<rtl811C'f' UIS. VAi )"In« IU l>~rttoi.re a«onllDC IO relalloD•DIP
aotl amouu\. . 1 ~ t t t:1cmpt1 o oa.,
Dower.
butlon 1
Dower i. abolwbod by &aw.
S•ldeDce.
15" DN~t and Olaut-
l
IS.. TeeUDIDIIJJ
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BANKING AND COMMERCIAL LAWS-KANSAS
1348
B:11-U•n• ma:v be ordered u soon u Judcment ta obtained.
ame mann.- u If elle were •Incle. Sbe may cany on &IQ" ~ o,
Tbere ta no eta:, of ueout.lon ID the dtatrtci court. In J~oe••
bneln- perform labor or Nl'Vlcea tor ber eeparate - ' - &ad w
courta. by allDr bond. ata:va of execution are l'l'&llted u followa :
earnlDp or prooeede trom labor, trade. or blllllnea - 1 a her NPUa\f
On an:, Judcment for UO and under, thirty da:,a; over UO and Wlder
property, and ma:, be uaed and lnveated b:, ber ID her owa - .
no. 111.xtJ' da:,1; over HO and not uoeedlnc ,100. DIDet:v da:,1; over
Mlnel and MIDlns. The law provide■ for the appolD~ at a
1100. one hWldred and twent:v da:,a. Real eeiate aold on execution
mine IDIPOOtor wt\h authortt:v to requlnl mine cnnaen IO PI0'1'k
or order of 1111le. ctvtu the debtor elehteell monthll ID whlcb to redeem.
oertaln taoWt.lea for the bealtb and MletY of penou emplo,....S U4
The debtor ta entitled to po11-lon of the property durtnc the pertod
oompel proper ventilation. reculate escavatlou. air o o ~ ae.
provided for redemption.
Mortsasea. A moricace of real eatate. to b e ~ a a
BsempUone. Homestead of 160 aoree of farmlDC lalld, or of one
aubeeo.UODI bona-tide purchUer9, m- be dulJ,
UOI
acre wttblD an Incorporated town or Cit:,, With bulldlDca thereon.
reoorcfed ID the omoe of the rectater of deed■ or tbe oowatJ'
su
unllmtted ID value. All bouaebold cooda and weartnc apparel; two
land la lltuated. MortcacW ma:, be dltdlarced on marctn of nmnl
oo- ten bop, one yoke of oxen. and one boree or mule. or ID lieu
by mortcacee or attorney or a111cnee In p ~ of nisl8ter, or -,
of one :,oke of oxen and one horee or mule, a span of boreee or mulea.
aauataot.lon entered on tbe tnatrument when coP!ed 011 UM marria
and twenty sheep and their wool; - r y food for the eupport -ot
by the redeter; or by an IDdependent r e l - dulJ' aalaaow~
eucb acock for one :,ear; one waeon. two plows. drac, and other . and recorded. Wife must Join In all mcrtc- esoept u.- r..,
tarmtnc ute1111la, not exoeedtnc UOO; cralll, meat. vecetablee, ~
purohue mou:,. Mcrtcacea are foreolneed by eult 0D17. BF u
cortee. etc., for the taml1:v for one year; the tools and lmplemente ot
act of tbe Letrtalature which tooll ell'eoi Ma:, 1&, llta, real a117 mechanic, mtner. or other peraon. kept for the purpoee or carr:vaold under forecloaure of moncace ts aubJeo\ to eleh- moew
lDC on hta bualn-. and ID addition thereco atook-lD•trade not esceed•
redemption. U the moncace foreoloeed I& for the purcbaae . _
IDC ,,oo In value; library, lmplemente, and omoe furniture of any
au. montbll only la allowed for redemption. Thia act doa Doi app.r
prof..tonal man. Abo personal earnlDp of the debtor earned durtnc
co mortcatrea eseouted pnor to the date tbe act tooll ea-. Wlwa
three months precedlDc \he carnt&bment or attacbment. and three
a mortcace la &llltrned the aatcnment should be aeknowted.ced aa4
montha' penelon mone:v, where euch earnl.Dp or peneton money It
recorded. If the Alllcnment wu eseouted prtor to M&nlb •~ lut.
n-,.ry ror tbo support- or the debtor·s r&mily, but 10 per cent or
It can be recorded whether acknowledtred or noi. and -der U.e Ian
Sllch earnlnga may be required to be paid In and applied on the Judgmuet be recorded WlthlD four montha from that data or P&YmeDt too.
ment.
reoent owner of the mortcace Will be a -plete d o t - to - • Ponlcn Oorporatlona. A foretp corporation dolDf buelD- ID
thereon. (For Fonne, - Deedl: - Ex-ttona.l
lbta State m~ rue a oerWled cop:, of lte charter With be eecretar:v
<For Moncatree oil Ohattela, Chattel Mortcacea : P.tloU,)
of atate and pay to the etate treasurer tbe 1111me fee• upon tbe amoWlt
of capital Invested or used In thta state u a domeatto corporation,
Notaries. Notat1ee are appolDted b:, the Governor and wn-. ,.,
when It receives a certlllcate authorlztnf It to do bulllneaa and It then
tour :,eara. They ct,·e bond ID the eum of S1.000 and are requm,e
eubJeot to aubstantlalJ:, the 1111me provt.llone. Judicial control. reeu-toto amx tbe date of the expiration of their commtalon to au eena&catee.
~nt,=i::1\l-:b~~~~C:U~'i:'Jft't:~:·tbt:f:'~r8='mC::
Notea and Billa of Bschanso, Neeotlable lD&trum•i A.ct tOM
p~lnc. If a forelcn corpora~on falls to rue with the aecretar:v of
11100\ June a. 100:1.
atate the etatement required by law Within ninety da:,a after the time
pro~1ded for. lte rlcbt to do bualn- In the State la thereby forfeited.
Partnenblpa. Limited or apeclal pannenblpa 111&7 be ~
A penalty la lmpoeod of 15 for each day tbta report ts delayed. Forfor an:, lent purpoee esoept banldntr or Insurance. Suell ~
ei«n corporation,, mua\ pay an annual l'l-ancbl110 tas on that port.Ion
m&J' conalat or one or more peraoD& wbo are ceneral ~ uc
o£ their capital rcp.-nted by IIM property and buain- In KalUl&II
one or more who contribute a epectllo amount of aaptlal &all Dail
on the -.me baala u domestic corporations.
be oalled al)eelal partners. The epedal part.Den are not Uable ror
debte of the pannerahlp be:,ond tbe amoWlt contributed I>}' ta.a
Fraud. <See Attachments, Arreet, and Aaetcnmenta.)
,_peottvel:, but the name■ of \he aPOClal P&r\Dlln m - DOt be Garnlabment. At or after tbo Ume of beirlnJl1u an action to
ID oonneoilon With the bUIID-. Suab a ~rtall'Bblp la , - - - "'
.-vor damatr• foanded upon contract. Judcmut or decree. or &tier
u-t;tq a cortlllcate lta\lDC the name. the nasare of Ille ~
Ille tauanoe of an eseoutlon and before It ta returned. If the pl&lntlll
namea or the cenorat and eJ)IClal partnera. and tbelr p1ac,e ti
cause to be llled wttb tbe olerk an amdavlt atatlDC tbe amount of hla the
raldenoe. and the amoWlt of capital oontt1buted bJ' •cb ....._
olalm over and above all olbet.a, \hat he bellevee that aome peraon.
partner, and the period when the _pal'\Derablp la to cornm- allll
namlDC blm, Indebted to. or bu propert:v In bll l)OINNloD or under
when It Will terminate. The oerWlcate muet be aclmowtedced . hla oontrol belondu to \he defendant, and that auch defendant bal
aled and recorded ID the ofllce of the count:, olerll.
no property llab1e to e:r.ecutlon 1u11lelent to aatllfF bit debt, and
Peww of A&terne,-. (See Deeda.l
\hat the Indebted- or property IO held la not b:, law exempt
from 901&Ure or aale upon esecutlon, the clerk ahall laaue a prntlb·
Proltate Law. <See Admlntauatlon.)
meat eummoD&.
Prowe,. (See Nolel and BUia.)
GuarantJ' Companies. <See Tron Compantea.)
8-nll. <See Deed■.)
BoU4aJ'a, January tat, Februaiy_ ZZd, Ma:, 10\h, lulh~i:~m
a.4emptlon. <See Monpcea.)
Monda>' In September (Labor day), Deoember Zltb, and
v~plevln. The plabatUr ID an aotloD to recover t.lleJ
• - - • • ee
ine Da)'. If &DJ' of tbeae fall on Sunday the Monday followtnc Ill
epealllO personal _J)rope,W ID&i olalm Ibo Immediate ClellYW7 et ...
a llollda)'.
b)' fU1DC aflldavlt aad VlDS boad. . , _ _ ......._ Bual>and and Wife, <See Marrted Women.I
be lleld b:, the omoer tall1IIC t twell\F-tonr bolin. dutq Wida IDJunetlona. InJWlotloD& ma)' be cranted b:, a dlltrtci covt or
tltl ll&rtJ' from wborn the propeny la tallaa lll&F ..,,_ boa4 ta w
1W the Judtre thereof at tbo
of an aotlon or afterwanle, ID
plablllil tor not I - than double the a m - or Ille •al- ~
hla dtlcrellon. A bond muet be
ven to proieoi the defendant
oondltlqped for the return of the eame or lta value la 11 ....
acalDlt an:v loea In oaae the IDJWl Ion la wronctuUy obtained. la
be adJadced the pl&IDtlll le entltlo,d &hereto, and ~ - ,
Ille abNnoe of tbo Judce from the 001111'7 the probate Judce mar
have the property returned to blm.
craat temporary IDJWlotaona.
Servfee. All eervloe of pro- ta made by the lbert• or tw IDHIYODClJ'. (See Aealtrnmente.)
atablee. or by aome one apeolall:, autborl.lled bl any P&nlelllai coa
and muat be taued In the name of the atale wtth tbe . . i ., tar
Jn&ereat. Len1 rate. & per cent. but 10 per cent ma:v be acreed
ofllcor l&aulDC the 1111me afllxecl.
upon. F.xoe• of 10 per cent la forfeited. and ID addition thereto there
swu. <See Aotlona.)
llia11 be deducted from the amount due for prlDolpal, with lawful
IDterMt. an amount equal co the lntereet conttaoted for In uoeaa of
Taxee. One-ball \he annual lev:, for tuea beoo- 4 . . o-10 per cent. The lenl lnteresi ortclDalJy contracted for oontlnuee
ber ao. and If not paid the whole amoWlt beoomea due &114 ...._ 11 a
until the debt la Pala. &Dd DO additional IDtereet can be Chartred b:,
penalty of Ove per - t added, U the whole &mollDI le Paid ~
way of penalty for default. A purchaaer of a necotlablo note for
ta a rebate of I per _ , on the lut bait. If not paid b7 J1111e zo 11
value before maturtt:,, without notice. takea the note free of \he
the ncoeedlnc :,ear. another ~ per oent Penal\>' la a4de4.. '1111d
uaurloUI taint.
the tu upon real eetate ta deltnquent. It ta aold tor \aaee - Ille ~..,
Tuelda:V In September folloWIDC, After aold It beu'9 l a ' - - aa u,
•udsmonu. Judcmente of oourt1 of ,-rd are lleaa on the real
rate of 11 per - t per annum and \he ume rate up0a nbNcl.-:
eatate of the debtor within tho COWlt:V from the Grat daY of tbo term
t&Xee P&ld and lndoned on the tu corttacate. TIie 1&& U- aQ¥M
at which the Judcment wu rendered; but Judri°te b:v oonteaalon
to real eetate on November 1, ID the year ID wblch \be 1&& le ~
and Judcmenta rendered at tbe 1111me term du
wblcb the action
wu oommenoed are Ilene only from tbe day on w lob the Judcment After lalld ta aold for t.uee. It map be redeemed wt\bla lbnle ,-,,
wu rendered. Judrmenta loee tbelr/rtortt:v over eubaequent Judc- trom date of &ale. The lnterea\ of a minor may be red-.s aa u i
.ame within one :,ear after he attalna bla ~rl~t. and 141oca mente unlees esecutlon II leeued an levled WltblD one :,ear after
luane persona ma:v redeem WlthlD Ove :vean after uae -.a...
Judcment. A oertllled cop:, of the Judcment ma:v be filed In tbe
omoe of tbe clerk of tbe dlatrtot oourt of any other count:, and the
Tnut Companie•. Truat compantee 111&7 be Olftlllaed WIil ,
Judcmenl wlll tben be a lleo on real eatate In that count:,. but execu•
capital of not 1 - tbaD a100.o_o_o.1 and lll&F 1-IYe IIIODe7I ta tlon can only taeue from tbe court In wblcb tbe Judcment II rendered.
and eseoute an:, trust commlt\OQ to tbem. el\llet b.,- all)' ~ 199 .,
•url84.lcUon. (See Courta.)
b:, order of an:, court, and m&J' u - t e or caa..a1ee &DJ' . _
required b:, law
be ctven ID &D)' Proceedtllr ID -n. ... - ..
Ueenee. Acenta of lneuranco compantea are required to take ont
a,e8' tor tbe IDv.tment of mono)' and for \lie PlllllON o, ..._
lloe- from the euperlDtendent of lnauranoe. Cltlea are authorllled
rect.nerlDC, traD&temnc or -tenllnl-DS oenaaaa\Cle or - - . __.,
to enact uoe- ord.lDancea and oert&ID ~ of bUID- are rectulred
or ot.ber evldenoea of debt. aci u cuarcllaD and naraas.a 1M ....,
to take out a lice-.
and performance of du\J' or peraona boldlntr public om- • Pdft9
Lion■•
Mecbanlce. materlal•men, and laborert•are entitled to
truta, and oeruty and cuarantee title to real es&aie &ad _. ell ..,._,
obtalD liens upon real eetate for labor performed or matertal furnl&bed
of necotlable paper, and receive del)Ollta from banlui aad . , . . In the erection or repair of an:v bulldlnsr. Statemeot.e u to the
companl• or public oflloen. The)' are reqlllnld to k-.p - _.,. :s
amount of the claim, tor ,..hat It was reodered and by whom muet
per oent of dopoelta rJbJeot to obeok alld to per oen, o1 u.e ,,__
be tiled In the office er the clerk of the court. Livery-stable keepera,
In tbe - e rnauner u •tale banlla. Eacb ~ • - b e a fonrardlnc mercbaota aod common oarrlera have liens. <See Judcbolder In t.be eum of not • - lllaD 11,000. Trua, _,..._.,.
ment.e.l
::!:t~1o~~pematon or ~• banll oornrnlMloner &ad - - ~ . . . .
UmltaUons of Suto. An action for tbe recover:, of real property.
aold on execution or by executol'B. admlolstracon. or cuardlans,
Trueta and Powers. All truata oonoemlDc laada m - be-""
broucbt by the execution debtor, or tbe heirs, ward, or cuardlarut,
In wrttlnc exoept aucb aa uue b:, lmPllcauon ot law.
Within live ye,irs after the deed Is reconled. Otber actions for
recovery or n:;,I propcru·. Within otteen years. On official bond• 1 Re:T'~b!~~- Recelpta. Pract.lcaU:, the Unttorm .. Wan!raaod contract• In wr1tlnr. live years. Contracta not In wrltlor, three
'WWa. ADJ' penon of full ace and aolllld mtad &ad . _ , .,. ..
y,.,.rs. Trcopnss. dctlDue. replcvlD. IDJurlca not ar1slnc oD contract,
lnr an Interest In real or peraonal propen:,. 111&7 II~ ud denir ~
an,I rt'llef oD tbc ground of fraud, two yeano. Action !or lll>el , •lander,
1111me to any penon by lut will aad teetamen, lawtuuF rnallct .. us troDsaetlon. or false Imprisonment upon a suit for pcoalty
1ubJN:t, nevertheleea, to the rlcbt:a ot oredltor.. \\"Ula • - .,. :a
or t o rtdtur~. our )·car. Actlou for any otlle r rellcf not b<•fore
wrltlog. sliroed at tbe end b:, tbe leltator, or ano\ller la bil p , _
pro,·ldC'c1 to r. th·t' ;«•:tr~
Any c:,se founded on oontrac-t . part pa),'aod hy bL• express direction. and aubecrlbed 1J!. bla__p , - i,1 rmcnt. or a wr1ttt·n ucknowlc,d~nu·nt or promise. rf'ncws the contract.
or more competent wltocuea Wbo 1111w blm IUDecr1be or Nard v,
Tb.c titntutc ruus trow the dat.c or such rcnc\\·at.
ackDo,..lcdi.:e It. WIii~ executed Without I.be Staie ta u.e _ , .
'\tarried Wom~n. The real and penonal property ol\·ned by a
prescribed t,y the li.w either of tbe place, •her., e&eallled or "" :1 ·
,n 1,t t•he time of her marrl,ucc. auJ ADY property wblob come,
t~sU>tor's domicile are declared lepUy exeeu1Nt. CornPll,a..Dc,r ,.~,
, '. , . •lr<.C(- 11t, ,1~,·l"lr. or hequc~ t. or «lft of RDY 1>en1nn e1oept ber
th<·st> rrqulrcm,•nts should appear In the WI\Deaa!Dtr d a - A ..-:
1• ·wi1u::1 hrr ttole nnd 111cphrntc prop('Tl),' notwlth~t.\ndtrur bcr
e:tecute<I. pro,·ed. and allowed In another State. a-.atna-so ,~1&..• ~1 t1 ~ not i,.;ut.J,•c-t to the ctl.-.posal of her hushauct or liable
of that suue. re1,11,·e to prop,,rt:, In tbl• Stat... may ~ ,
!t.
\IArrlctJ woiu t< u JD;\}' &ell and con\'Cf thrlr real and
record In the prol>:>tc court of tbe county In wblch aucto propau ,
qwrty Atu..l cntt·r Into nuy ooutrnct with rn!nrtl to the
eltul\trd
.
by
produclDt
an
autbenttcaied
copy
_
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fln~1,, ·1 al 11 1•t1t11· "" .. , '••nlrflllll an,t d,,1,w h,~111.- •, u•lf"'t' thfl la••
,,. .. i.lrou an,I n1ri'°'lJra\lon•. othrt tl,all be.HI..• . c.1,-..LN Lt) L.111• ol ,~ ...
~t.aic. are re,,.1,,11 ....1 t-., ,,,~ ercurllJ for n.•ta
:-;~J ~ .
J(l ! 'lr
u , u1. ("C •IIIL,.nlH
"'" :,..,atf' . . . ,r-..t•t l•Y a law ..tfall\'tt Jul)' hl. hHJ.
!!:.{n1~,l:r,~'/.::rn! : ; ~ l ':::, ,:71~~ 1~,•n1~•;'~ .'!'",.~~-;- t ~~,!~~lvu ~~~~
:::,1~
h..t, '1 ~· . , •• ,
w 1t 11 ,,,11 r,,1t1t-• tbrr.,..,C ur A~Aln•t .. , ..... 1ttora. until • 11.· b 11<•-1 1h,U be
Ar\looa ar• rumm,.oC'fld hf ftllnt
1
of ... ~.,
~f'•~:~,t~r !:;.'lu:.,o1r1
1
11.-. r, ~,na&: C ·••t11t,11• ... , ,n,..,. ,tr, ,u1) ,., .,, 111, .,.,,,.nr •rltt 4:'ta111,1,~ u7' ~IA\#
hanL• . ,au,t t•r•- · r '•••~ U,rtt d1111t .... an,I fur the n1a1 . 1111 .. u,,n ,,f all
~Im. anJ Wb('n It ••• ,1on.-
1.o
,- .. ,. In (
~~~~.~ll
,,r
441mtnt•lrall•n
h'\ :-l •• au,\ Int•\
M
tnu l1,,,... of
11:~:ro!:. Of~~::;
U•l• StA:.- hav.- f ull ,.,..,.rt ao •1 auU,,,r\l)· to n1 \bf' hv\Jn ut 'l...-c, ln f
'""'"'''°
•~U•n•.
:t:; ,;:,iu;: ~
~:~t
, , tl'-1'! n•,1.- .. of ,1r ,',\ f'f)· c-aD n .. t t"C' ("t,.◄,Jt.rd
Ar." !a,tt a• ~,·r•• 1'! .-,J t,y- rl\11 ~--t.- 1111•1 t .. ,rJ lf'°'~~U~. •.loti,tl ao
tr··
cult OJUlt." wh:d1 twhl tf'Tll\5 ID tach ("a1lJnty U
1
Da,·• of Gr .. ,·•·
or
provided L)· ltalu\e.
t:iN! :-otea and 11111" of P.1chaoce.1
tn "" fll('JIIHllHf' !llC"tlnn ... and In or(tlntlf'Y
o .. p.,•lflnn, mftY l•f" t"k~n
(\111\111 0 0
IAW
,\("ll1,,1 .. . \\l l f"f'" WlttlM" ff'•hlf"<I
t " ( ' fl l f
mllf"9 or rr,,1rf"
~\•;t~lf •;~•~• :·,~\~~('~~~~~ :~ ~~~\,:'tl~~f"A~~~:~~ f\\l\;l\~~tt~!=~ ~11ll~~~l:::::r
flrp, ,11ltlt•1H, 11rC' tl'\ l, rn t'l th rr on nntl~ to 0111111,ltc- party or Ut..,D
wrltt<'n 1i,1r•r111At •" '"'"
Thr 11 r,tln:uy mrth.,1t (\f tel.Inf It Ul'••n
Doll<¥, hut • · h,· r"' 11l111c-.. of tal.tnri \!1 "'01" tt,nn onf" rtar ·• ,,.,.,.«-1 by
or,11111\r'')" lllrth•" '" a1 .d mn!'l" \! i nn onr h 11r f1r•·1I ndlf""'t trnm 1.hf' pll\Cle
of •ltt.lnl' of l"'l.,urt. tt1.- t•nrtY rrc-t"l\'1111: o ,, tl(.'11(' OIAY rcqu i r,, dcr-0111.loD
1:::.1:~,7~~'~..
!':,~
~~~~:r!;;'o:
1~e,,.;'t:i,yU~•;nh~~
~y.::'1~~".fn;~l~~ d!~upon wh k h UT"lt n ntk"<" wu •f'r\t·,1.
1· :1.f'•• pt tn 1lhPIC'f' ,·-':r-,~. drp~
:';!·;:~!t a:~••!~~lt~II~~~
~;,. h~o ~.~ri:r:Jt~ ~!;t~~,~;.'~"~:~1;t';,J~U~~l>~t1r1 ~!~
mn11rd an<I han· nut a11pr,,rriL or l>e t..1d,· 11dAnta. or 11 1:•Jf'r itl'-l\l •l1lt)"
otlit't 1. h.'\rt C-•\rrtur(' ur h1fa1J('')' and Oll\"rrture oomhtnc-J .
ln S("\'~ral
oth,..r r-,._v, t-nUmC'rl\H'd ln the- c-1,·ll Outl~. th~ court may tr(JUlre
drp,,,1 11, ,n~ to he tAk,.n upon tntf"?ro~atorlM. and thry n ·, ay al~are
be •" ta .. "o by co1,-.rnt of all p,a:tlr, . omcvr, authvrt:-r.t to ta.I..••
df"llO• lt'. ,.Jll!II lu tht"i StAtr . .An r,a c.i n-r aPl•vlo1~tl br Jutl £'f' of d~·
!~l~,~~~~~
~~1:g~
~~~~;~1n•
t~1
t111 :1m lu\.o ta· r appo \1 ... ·•l
tt1vcrnor of thls ~t.atr or t•('fo~r a
~~l~f0 ~t1cf~"rioafl J~~i1~w~rcre~a. ~~Or~tisf!o~t~~n:du:7, • ,
a
dl~t;,t~1i1J~~,~~/;
'l
o~~u~}· ~t~~?: f.~1.~
4
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BANKING AND COMMERCIAL LAWS-KENTUCKY
1350
. . , _ , of Ille P&rUea or bJ' order or oourt. U dePNIUoD la t&keD
IIPGD llltem>Dtorl• neither par'tJ' la allowed to be P - ' - eltber
ID penou or by aceut attomer. Tile ollloer'1 oertldoate mua aiate
Wilen and wbere tbe depoelttoD WU taken; that tbe wttD- WU
dulF IWOrD before 111VIDC I'- &Dd that It WAI wrttteD ADd nblcltbed
bJ' lllm Ill ollloer"1 p-oe. or WAI wrttteD by ollloer ID p - o e
or w t - &Dd rNd and lllblarlbecl by WltD- IA p - ot ollloer.
0.-a& an• DlatrlltaUoa of Property. Tile real eatate of a
'°
=rf!.:i:c
a':'::t~ ~nK.ID~~T': ~ ':ff~n:::
tllelr d-d&Dta: If uou:1':eu <Z> to Illa father and mother equally
It both be UvtDC; If eltber be dead, tile Wllole - • d - d • to the
OM UTIDc; If botb be dead, tbeD (I) to Illa brotben ADd allten ADd
lllelr d-d&Dle; It DODO, tlleD (4) ODO moletF of tile .iate llla1l
PIIII to tile patemal and the otber to tile matemal ttlDdred. ID the
followtDC order; <I> to tile srandtatber ADd craudmotber. or Wlllcbffer may be Uvtnr: If botb are dead, tbeD (I) to 11Dalea ADd aUDte
&114 their d-DdADta: If DODO, tbeD (7) to rreat srandtatber ADd
sna& rraudmotller. and ao OD ID otber wttbou& ed. _palllDC
to Ille Deana& lllle&l!&Doee&ol'I &Dd tbelr d-daatl. (I) U \bent
la uo kllldred to one of ille parcta. tile Wllole llla1l IO to ille ltllldred
crl Ille otller. U illere la Dettber paterul nor mateinal ttlDdred. ille
wtaole 1ball IO to ille bWlb&Dd or wife of tile 111-te. or It be or
Ille be dead. illc to Illa or Iler ltllldred Al It be or Ille bad nrvt•ed
Ille ID-te aod died entitled to tile ea&&te. Wilen ADJ' or all of a
.... ftffl ctltled to \ake are dead, leavtnr d-d&DC8 IUoll d - d &Dte lball \ake per ltlrpee. tb&t la to MY, bJ' rep-&attou, ille llbarea
crl illelr r.pectlve deoeaaecl pareuca. Coll&terall of Ulo bait blood
allall lDberlt ouly bait ao muob u ill- ot the wbole blood. ID matrtDc
'ftle b)' d - t . It •ball be DO bar to a party tba\ ADY AD~.
UIJVUll1l wbom be dertv• Illa d - t from the ID-te. la or b&I
bem AD alleD. Baalard 011D IDberlt ID the d-cllDS lllle oDly from
ae moiller and ber ttlDdred, and oau traumlt IDbert&auoe ID tile
- d • u r lllle oDly to Ulo moiller and ber ltlllclftld.
0 . - . <See Bub&Dd ADd Wife.)
9KMuU••• lll&F '"811e upon Judrmnt ADJ' ttme utll ·ooueottou
crl It la baned by .Umltatlou. but DO eueutloD lllall laue OD ADY
J114smc'- UDI- ordered by the ooun, utU after teD daya from
ielldllloll. E:r.eeulloD ooDIUtuta lleD OD pn,periy of debtor from
ttme It reacb• b&Ddl of proper ollloer. E:r.eeutloD m&J' be repleYled
for three montlll. ADJ' time before lale under - e . by deteud&Dt
SIY!Dc to tho ollloer AD obllr&tloD (replevtn bond) payable to plallltl.ll.
wttll ll>Od 1eeurltJ' for tbe amount thereof, lllcereat and 001t1. A
Judcmeut to Ollforoe a lleD OIIDDOt be repleYled. No reploVJ' alloWed
1QIOD Judrmeut arallllt ADJ' oolleotlllr ollloer, ettomey at law, or
acmi'- for a delinquency or default ID e:r.eeutlDr or fullllllDr du\le1
or bla ollloe or plaoe, or for faUIDC to pay over money oollected by
blm ID auob capacity. nor aralult a prtaclpal bF 11111 surety. nor upoa
a debt duo bF oblllratlou bavtnr the force of a SUdCDleD'- Dor upon
Judrmeut for IJl)eOlllo _propertJ', or for tbe Pn>1'4'rtY, or ltl value.
tr land aold does not brlDC two-tblrd1 of appraleor • valuation, defend•
aat and bla repre■euta"v• b&ve rtirbt to redeem WltblD a year from
ille day of lale. by paJ'IDr purcbuer or bla repre■entatlv• ortrlDal
pa,ob&le mODeJ' IIDd teD per CCDtUm per ADDum IDterelt.
lbempU.Oaa. Tile toUowlnlr property of peraoua wttb a ramtly
nadent In tbl9 C'ommonw•ltb, llhall be nempt from uecutloD.
attachment, dl!lt.--, or fee blll. uamely: Two work bealtl. or one
work bealt a.Dd one yoke or oxeu; two plowa aad ..,.: one wa,ou
and Mt of - · or cart or dray; two axe■ , tbree boe■. one spade. one
above!; two cows and calve,,; becla. bedding and fllrnlture sufficient
for family wie; one loom and spinning wheel a.Dd pair or carda; all
t.be epun yam and manuractured cloth manufactured by tbe ramlly
IIOCOM&l'J' ror f&mllJ'' w,e; carpeting ror all ramlly rooma ln w,e; ODO
table; all book9 not to ex-=-1 &eYenty-ftve doUani In value; two
addle■ and their append&1<811: two bridle■; ab chairs : or IO mADY
u aball not OJtoeoo ten dollars In ,.,.iue: one cradle: all tbe poultry
on band: ten bead of sboop, not to excood twenty-Ovo dollanl In value;
all Wl'erlng ar>1>arel: suftklent provl&loruo. lncludlur bread.stuff ADa
animal food to •tuota!u the family for one year; provender suitable
for live stock. If there be any sucb etock, not to ex-=-1 seventy doll&l'I
ID value; and If sucb provender be not on band. 1111cb other propttty
u abaU not excNld such sum In value; all wublng apparatus. not to
ex.,_i .,.,·enty-llve dollars In v&lue: onl' sewing machine. and all
famlly portrait" and plcturee; one cooking •tove and appendages,
aud otb• cookln1t utensil• not to exceoo In v&lue twenty-five dollars;
Dlne\Y per centum of the salary, wai,:es, or Income earned by labor,
ot every per.,on earnln« a wary, wag.... or Income of aeventy-Ove
dollal"I or leRS per montb, provided that the lieu created by ""rvlce
of proWunent. execution. or att.acbment. shall only affect ten per
ceatum or such M&larY, wage■. or Income. earned at the time or s«vtce
of proce,s: or the salary, "'a"""· or Income earned by labor, of ev..,.
penoo earning a salary, W&ll'tlll or Income In esc""" or BOventy-Ove
doU&r1 per month, sbty-ven and on~balf doUara per monlob &Dd
DO more shall be esempt.
Tools'of a mecbanJc, not exce<'dlng one hundred dollal'II In value;
Ubrarlea of minister., or the Oospd. profa,.•lonal llhrarl"" of lawyOl'II,
rea1 - t e ualea ber bubUld 11111• ID t.be -uae&. or ....,_
uDl- empowwed to do ao by 4 - crl ooun la ot lmaa:t1
oouvlotloa of feloll)'. or abUldoumen\ b)' Ille bubuul. .Aller a
death of ettllor bWlbUld or WIie tile IUl'Ylvor lbal1 Ila- a Ute .-.&:1
ID oue-tlllrd of all tile realt;F of wblob tile cleoodaa& ,... ..._, 1a i.
llm~ dUl'blc the oover&Ur9 uDlea ndl .,.aa, lbaD b&'ft beea :.,,.
felted or rellllqtllabed. Suell nrvtvor baa alao Olle-lullf Ille s,en,,-..a:,i
of tile deoedeut left aftier tile P&J'mml of debta. AbaadOGme<>t .:.:
Uvtnr ID adulterF bY ettller par&J'. or e l l - WQl'D a lodetw.,
th-rl&IIU.
1ni.e.,. Tile lawful rate of IDtenn la a s.' - - per aad oouU"aOta for a IN&&er rate are 'l'Old u to tile ot tin••
JDdSJDODte. A Judrmct doa ao, OODltltute • Ilea OB Pn>l"ftl
Ill tllla .State. All Juctrmeuca uoep, for lll&lloio. ..-Uoa. tK
ll&Dde!': or lDJ1lrJ' to tile penou, bear ID1enlt trom SNII' ~ 1a
Buou- aild Llmltatlou.l
Llml&aU.Oaa. Tile followlDC are tile pertoda Wldlta . . . . eas..
ma& be braurllt. lbe time oo-oaclD&' to nan
tlle - - . i ,
tile•- of &olloD. PlfteeD Feal'I: Aoilou IO - - ..a Pf'OPU':7
acUou upon J114DDeuu &114 wrttioa OODtrMIC8. u.oepi IMIID~"
lllltrumenta. Sevin )'e&l'I : AOllou b)' ..ior " ' - ~
Jlllllor patctoel. Wllo ban lael4 ~ D for . . . _ ,....._ ,,.,
Yeal'I: Aotlollll DpoD ftrllal OOD~; UPGD a l&abOIC)" - - ~
nacate: Mltlou tor ~ to real or peiwaal p r o ~ or for <la>
. . - for wttbbolcUDr ame· for tile apealllo ,-ve17 ot ~ ;;,r,~
onv: &Ollom upon uecoU&ble IDltrWDeDC.; &OllciDa apoa -..::11
betwND meraballta. and aollou for nitter from traad or IUII.UI
Two J'eal'I: Aotlollll 11J)OD merollall&'I - U for c,ooda _,.t
Aotlou for IDJlll'J' to POl'IOD or ollarao&er &Dd tor . . , _ . ot .-..
r-
ot man1al'e,
Note• and ■W. of B:lleballa. AD &ell rel&U.. 10 Dlll'OCll111o
IDl&rumODta became a law ,Jwu, 11. llCM. SeolloD 1 decl&ra t.1111 u
IDltrumeDt to be De10tlable mut oolllorm 10 Ille folloWlllr ~
menta. m It mua be ID wrttlDr &Dd ll111ed bF \be maker•
drawer. (ZI Kut ooutalll au uaoDdllloual promlle or order•
.,.,, a IIUD oertalll ID DM)DeJ'. (II Kut be Nnble - dem&Dd. It
at a bod or determlDable futuN Umo. (t) 11- be .-nble ID tat
order of a 1D00111ed penoD or to bearer. (II) Wbere ~ . . . . , . _
la a d d ~ to a drawee. be mu& be ll&lllod or ~ llldlcai.
tborelD wtth reuouable certalllt)'. Dqa et rraoe .,.. abollUel
Tile IICUt1U'O of ADJ' P&rtY m&J' be made DY aa 111911& d1IIF Mtltortal
ID WrltlDS. Evor7 IIOIOtl&ble IDIU'Umenl II payable al UM a- t..llf
lberelll; wta'eD tbe day of maCDrltJ' taU8 upon SuDC:.~• lloll4&1tlle IDl&nlmeDI la PQ&ble OD ille Mn l1IOIINCIIDs
..,.
Pow. . of Attonl•F• Powera of attorney to OOD"7' real•,-.
IOD&l propertJ' may be aolmowledsed. proved aad recorded ta er
proper ollloe ID tile m&DDor pr.ortbed for .,_rcllu 0 0 1 1 ~ t:
tile oouvoyADoe made under a po-..r, la requlred by law lo be ......,,,s,,1
or lodred for reoord to matte tbe vallcl ~ eredltore aa.: ,.._,
dlaan. tben tile power mu& be lodred or riloorded Ill like ~
Pro\N&. Wun, ADJ' DOIQU&blo lu\ramml llu Na .___.
It m&F be protea1ed for DClll~&uloe or DCJQ-PaFmeal M 1M ""'
m&J' be: but proceai la Dot requlnd. uoept ID Ille ot ,-...._ :.;.a
ot e:r.obaDce. It la tile -,., plllOllot to proton Ill all Tasalloa. Tu• due tile Slate bF b&Db aad lnlal _ , . . _ " "
rur:ble directly IDto \be lttate U'eUUr7 OD or before Ute llre& dar ,t
=
•==c:r:~N.:C,":u':: ~ ~m::u-::.~~ ':.::S-u~
dlltrlctl are paid at ille time bed bF law for ~ , el IDie t.ua
Wllla. A.Dy perlOD of I011Dd mlDd aad over \WelltJ'-ODO ,._.. "
ace may matte a will. WUla mua be la WT1t1D~ wtUa i-. ua::,o "
tbt1 teotator 1ublerlbed tboreto eltller by 11'-lf or bJ' eome c:~~
POl'IIOD ID Illa preseDoe &Dd by Illa dlreeUou.
u Dot non,. ..,.,,.,..
by tile tatltor Ulo 111blorlptloll mut be made or tile wm aeknoW'le<' r"'
by tile testator ID tile p - o e of two wtaa-._ wllo ab.all n i:..--- ::e
tbelr uames ID tile p - of tile W\ator. TIie WW el a pence
domlotled out of thll State II Yalld u to penoultJ', • - l e d _ . , . . .
IDC to tile law ot tile domlalle: but to be Yalld u to laada. II m- :,o
e:r.-ted u reca..~ by the law ol \bll Stale. 'hie - t r _,.
bAI eulllllYe OIICID&I JufadloCIOD OYer tile probale . , .....
~~~!::.'l4n"\'!~:'
~~: ~·~:;·J:.~ ~~.1Y~~Yi'~1~d~:l~n ua":8rso':.~
property there I• for actual hon& Hde housekeepers with a family
8
11
l"Mldt'nt In this f'ommonwt'<h a homf'lltead exemption of so mucb
land lncludln1< the dwelling bowie and avpurtenancea mrned by
debtor &11 •hnll not exceed In value one thou.sand dollars. Thia
doa not extend to a 111ort1<a1Ce on or purchase money due for the laDd
or ror dehts or liablllty exlstlni,: prior to the purcbue ot tho land, or
of the erection of the lmprovemcn\JI thereon.
Personal prol}l'rtY or muney on band or lu bank to the amount of
1760.UO shall be e, ..1111,t from dlstt11.Jutlon and sale and •hall be set
apart by the appral'-t.~nt or the estate or an lntff-tate to his wutow and
chttdren. or. If no wldul\·, to his Infant chilrlrf'ln or child MUrvh·inK blm.
Tho appru.is~MI 11hf\ll fltate tn their l\pprf\li-:emtmt- the money or the
artlcll'N and value of each set. a1>11rt by them to the widow. or tnrant..8.
eeµarately to the articltti appratsOO for sale. but if the widow l>t' Prt.-" t.'n\
at the tlme oC the appraiscm~nt. or &nY one authorized hy her lo
wr1l1nll. tdlt! may make her !4CIC"Cllon out or tho proµcrty 1\f>J,ralsed to
-the amount of said s:.",0.00 and suld appr1ti"iUN ,.hall ~ rt•port. T~e
1>ro,·i-.lon8 of t-hls sN·tlon !ihall apply to ca..c;.t':i where tbt• bw•hand d1611
i....ti,tt,. l\ntl tho willow rooounca; I.be pruvwluua or lbo wlll IA t.lle
time pr,-.crllled hy law.
Holltlay•. The t•t day or January, the %Zd day of Febrnl1\y. the
aotb day of \lay, tbe 4tb day ol July. tbc nnt Monday In !;eptemher
(Lallor llay), the l~tb day or lktoher (I '<>lumhus IJayl. the :z:,th
-day or D•••rt•mhcr of 004..•h yl'ar. ancl R.11 day .. ftppnlnted by the pn•,ddt:mt
of the 1 111Jlt ,l :-:tah.'8. or hy the- ,.co\"'"rnor or this ~tate. A.~ day~ of fa.-.~rng
and thanli>-dvln,,: nro dt"t·lared hl1lid11yR, a11d ,,.hall he trua,od a.~ Sund/\,- . If all)' of th,.,_~ tla~·,,. nn.med A."i hnllflay"R to.hall cweur on 8unday.
t,h~ next tlav tht•r•·nft(•r ishall l>e o~er\'fxt Wt a holiday .
Uu•ll1rnd and Wirf'.
Hy an act which took el!ect June IZ, 1~94,
tbc toll,>vnn~ Important cbnnK"C8 wrre madr tn the common taw of
eovert11rt· ,, h!c-h thrr1:toforc pn_
•\·alletJ tn Krotucky. ~larrlaare rtvee
t.o u i,· " •~', •n il rtur1.ng the life of the w-tfe no lntereat. tn any of
thr \' •
, • ,,,,-n;-. ~he h.\a full power to contract and to btnd
h
'
ptoreiny, C1C(' ft that 1he can not hind bf'n'"lf to
•: ·,~,:/,~~1 {!1is~~~~ta:~~~.00
:ri/~~~~~
ny a.a lt uom11.n1e..i, but. way not eell or cooveJ'
~!·
~b~:·~!f~~lj•
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BANKING AND COMMt:RCIAL LAWS-LOUISIANA
1)\1
a..
..., uw, ~uu ..__ mu,
IN • " ' - 1 ., -•• u.aa
p.nou. m•~ be orcan tuJ for 001 lonc•r lhu al.brt1 · 0U,e ,._...
':1 ~i:~~o! ~r•';;•,•::'
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•••·c-·,u• '"''~ or u, oct,.. of all
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SYNOPSIS 01'
-1 .... ,,,,u... u.1. an£J M
THE LAWS OF LOUISIANA
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4,t :.I-'" ol l!JIO
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Rn-.t It)' w-n lla,-.u-•• 6 a.,"._.•
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:!°~eo~:.:i;~ 0:l ::r::.r.~-:::~"1ft:~-:::;:-rniai!i::~ob~J
ot retaUen or ll()Uon; for wuee or laboren or Allon : tor tr-dpt : a:.:
maternal IIDee are all of tbe •me dec-ree, the eetate la divided Into
0: : ~mi:t=~~ 0 ft \l:i~r:17:',::~!:.:.itl:S:
but one ascendant In the two Unes euch a,,cendant excludes aU other
-dants of a more remote de«ree. It one dies leaving n o d - ·
dants. and bl11 father and mother eurvtve. bis brothers and slaters,
or their deo,cendante. take bait of bis estate. It t.be father or mother
only survive. brotbel'II and slater,,, or t.belr descendant.a, take t.bJ"e&lburt.ba. It one dies leaving no descendant. nor fathtt nor mother,
bla brotbOl'II and BJaten ,or their desoendant.a, take all t.be estate.
'fbe partition of tbe bait, the ~ourt.ba. or t.be whole of • sue~ n falltng t-0 brot.ber& and statera aa above •et forth , Is made equal
ll they are ot t.be - e marrialre, If ot dlfferen, marrlalles t.be 1111ccesslon
Is equaUy divided betw- the B:ternal and maternal llnee of tbe
: S ~ o f ~ ~ u . ! , =nf.iaeO:.• ~:"!:!w':1t::
0:
father, nor ucendanta ID the paternal or maternal llnee, bis 1111ccesslon
to bis other collat«al relatlOD9, tbe one neareat In d ucludlng tbe others. When t.be deceued baa leR neither lawflal
. ~ c o ~ : =ert~~ =d~b'!4~J:!'a='ban'l6:0:ue~r 1
or her natural chUdren. or tbe State. U natural motlier left no
lawful cblldren or descendant.. her natural cblldren, acknowledged
by ber, Inherit to t.be e&clwdon of ber father and mother and otber
U('endanta or collaterala of lawflll kindred. Natural cblldreu loberlt
tr-om tbelr natural father. wbo bu acknowledged them, wben be baa
leR no deecendanta nor .-ndanta, nor collateral relatlona, nor
aurvlvtng wife. and to tbe ucluslo:...::![ ot the State. Donatlona
Inter vlvoa or morua cawia cannot
&wo-tblrda ot tbe property
of the dl8poaer If be leave at hla d - a lecttlmate chlld, one-bait
If be leavoa two cblldren. and one-third If be l•vee three or lllOl'O.
An Inheritance tu La levied upon all loberltancee, lepdes and don.=J:.vtded no direct lnherttance or donation to an - 4 a n t or
:'eief.::i;.
==·
t:
~~~~ cJ'f~J:~ ~'":
loberttanc!.~c:s"d~~na
wife or husband aDd 6 per cent tor collateral IDherttancee and donatlona
to collaterals or atrangen. Bequeeta to educational, rellctoua or
cbarttablo INtltutlona are esempt. Inberttance tu not due wbon
propert7 IDbertted, bequ•tbed or donated aball have borne Ila Just
proportl_OII of tuea prior t-0 time ohucb donation, beqneat, or lnberttance. R . C. C. 916 amended to read "In all cuee wbon elt.ber b119band or wife aball die leaving no d-danta, nor -danta and
without having dlapoaed by lut wtll and testament of bis or ber lhare
ID t.be commUDtt;r property, aucb undlapoaed or share aba11 be Inherited
by tbe survivor ID fllll ownership. " (Act. 67 of 1910.)
Dower. (See Manted Women.)
EK-Uon. PropertJ' taken under a writ ot ftert taclu mtlsl be
advertised and appralled, and can not be aold tor lea than two-tblrd9
or tbe appraised value. until I\ baa been re-edvenlled. Advenleementa of movablee three tlmee ID ten da,-...of real - t e once a
week tor thirty da)'I. It two-tlllrda ot as,pralled value II not bid,
propertJ' mua be re-edvertlaed tor ftfteeD d&)'I, and eold on a oredlt
tor twelve montba for whatever It wUl brlDC. There 18 no redemption
or property aold under execution or montiase, No my or execution
le dven exoep:n.on
a peal, and exeoutton may laae a\ llllf time after
the dela:, tor a
IIUJ)Onalvely baa expired . Ac& ia or 1906
eutbo~ eb
and ooo.atablee to put purcbaAr or NIMCl property
in pcaeealon.
BsempUoau. To bead or ramu,. real estate It owned and occupied
as a reetdenoo. toretber wttb certain furniture, atock, Implement■•
p r o ~ f : i tbe propertY no, to exceed U,000, and provided \be
penon
tbe benellt of the homestead execute a written deotar.tton or bomee~ (Acta 11180, No. 114), and no exemption If wife
baa .eparate property worth over u.ooo. No rectatr,- required ID
partabee other than Orteana. (Operative Jan. 1. rut.) Widow or
minor cbUdren aurvtvtnc ta entitled to $1,000 out or deceaaod b119band'• - t e . If ID n-ltou olrcumatan.oee, by preference over
even a ftrlt-mortcace creditor. Sbertir or ooutable oan not aello
linen and olotbee or debtor or bis wife, nor bis bed, nor tboee or bl8
tamUy, nor bis arms and mllltarY acooutrementa. nor toole and lnatru·
menta aod booka, aewtnc macblnee necesaary ror the exerclee of bis
or ber oaUIDr, trade, or profeealon, by wblcb be makee a llvtnr, the
rtrbi or penoaal eervltudo, of uae and habitation. or uautruci to the
- t e of a minor cbUd, the Income ot total property. money duo tor
aalar)' of an olDoer. waree or reoompeo.ae for ponoD&I eervlce (laboren'
waree, cooldnr atove, plat.ea. etc., family pol'\ralta. mUllcal lnaUu•
menta played on by ramu,-. (Acta 187&, No. 71.)
Fraud vltlatee all contracta. Aotlon barred by one •ear Umliatlon
,
to annual aalc on account of fraud . For fraud on part ot purchuon
ot f!()Od1'- Act lH of 1112 amending Act 114 ot 1890.
Garn!abment. Wares earned out of this State and payable out
or t.1111 State. shall be exempt from attacbmen\ or rarnt!lbmen\ ID all
C&11CS where cause ot action arose out of tbla State. and It ebal1 be the
duty or rarnlehed In such caaee to plead aucb exemption unleu the
defendant le actuaUy aerved with proceu. (Ac& 1&5 or 11104.J (See
Attachment.I
Buabancl and were. <See Marrted)Women.)
lntere,1. l~al rate II 6 per cent. but a per·cent may be arreed
upon In wrltlnK. IC hlKher than 8 per cent Is obanred , It la reductble
to 8 per ccut. IC paid, It may be sued tor and recovered within two
:rre
~~':,~
~r~'!vabT!':- fo,~~~abt:ii: i ! ~ e ~ ~ ~
of ov-n. oleru, or tuition by quarter or year; for r - ot sibvaldw.
:==~rme=i:~wb:~:~ra:;bo~~'I:• o:U.!.:i':°:n1e~J_~D ~
yean: Act.Iona t,y mtnon apJnat \betr tulOn. oountJ.Ac lour,from maJortty. Five yean: Acttoo on btlla or exehance or proo:,.
aory notee, countlDC from maturity. and tor nullity of 0011- r
wllla · for rectaton of partltlona· to le\ aalde publlO &Del J1ldlctal a:.
tor intonnaUtlea. Ten yeara : 'Au other actloaa; \lie rtcb, to a,..
truct. or eervt\Ude; au Judcmenta. wbetber rendered Wl\blD or wtllllu
toe Slate. but Judcme11t.a may be revtved before las- o t ~
and are then cood for ten yean from date of revtval.
does not run apwt mlnon or penou under lnterdlcc.lon. H
and wtre oan not preacrtbe aptnn eaob other.
Limited Partnenblp, <See Part1lenblp.)
Man-led Women. Se~te property or wife may be ~
by ber. Revenues of all soparate property admlnlst.enld by tlle .,._
band, and all property acqulrf'd by eltber husband or Wife af'I« 11111-
~r~m:: .':.f
=8na
~~ ~';;~t~~~r~m~n".°llfb~~t~~
not sue wit.bout. the concurrence or tier husband or I.be aat.hor!Zat·.e
or tbe court. and she ran not bind bentllt or ber property tor his .,_,
Wile baa no dower In her b1111band'1 real enate. Tbe wtte aao 11a..
no clalm upon tbe propertY of tho husband to tbe pn.-Judtw ot \ldPC
puttee. unleu recorded. Where one or tbe IJ)Ouses 18 acent tor ...,
other, be or ebe may be Wltneu for the other ID a matter oo.,_..
With that tranaact.lon. After dlllolutton of ll!&ff1&ce by 4-G ,,
divorce tbe aurvtvor ta entitled to one-bait ot all property _ . .
after paYJDent or debts, acquired durlDC marrlaP. and In d
death. the uautrue\ or the other bait, unl- tbla llalt ta dtspoeet "
by will or deceased apouae. Wife caonot De a wtua- to b•bul!,
wtn.
::U.~...
dett•JS:\UC::r!°r~t
'f:l:11:~8:a~~
If the aot lmporte a oonfeuton or Jud1111ent ID vor of \be bolder. u
can a_pply to tbe court tor an ordor dlreotlnr tbe •berUl to NIN ...:
NII the pro,:rty. All m o ~ mua be reoorded befor. t ~
.. ·ve •• ,. e - u •-••- trd --lee Tru8t deecu • - •
~ chaitel ; ; ' ~ a n unknowni.o ibe lawa o1 Lo.iw'ana u stated under beading " chattel moripg-. " Tb«e ta no ....i-►
••
r
...-.
Id oder m ~ All •-~, - - - - - .. ~
~bo~
18~0. In
• aalea ;-"st,=iiia - : - ~
upon bis property It II not u - , . y or tbe buatiand l.o ob&un. u.,
etgnature of the w'!Ce. A mortgage reeult1n1 tr-om reoordlns a Judgma,
can not have that effect until after adjournment of court. (Act 1~
~
111~.1111
ot 1908,) 1 - - aDd contract.a to aplore tor oil, ... aDcl ~
maw be m----" (Act. 232 of llHO).
•
- -NesoUaltle ID.ltrumenu. "Neptlable lutruJIUa\ Aot" <1'e
6' of 111041 obaDcel ID many reepeota tho lawa ro1111ert7 appu.111111
bllll and noteL -Under It. daY• or rraoe. wblcb tormerb' were ary, areabollabed. lutrumenta are payable to bearer II ID&de P&nlilt
to tbe order of a fte\ltloua or DOD~ pereoo. Wbeta 1111Cb fllft •
known to the 0110 makln« It IO payable; wben name of P&790 4oa
not purpol'\ to be name or 11111' pereon; or when the only or i . ...sment ta ID blank . When there 18 a dtacrepanc:, ~ \be _ .
end the ftruree or an lutrUment. the sum deno\ed by \be _ . •
the sum parable. Two or more pereona atrnlor bla\namea, _ _ .
IDC worda. "I prom lee to pa:,," are Joint!:, and Nverally liable 111P,_tment for payment la IIDll!M)e81&r7 SO bind ~ ~
!table. but 18 n - , y to cba!'III drawer or IDdoner. Nodoe ~ •
bonor mtlsl be l!lven to drawer ud IDdoner Wben ~ 111t
been dlallonoredoy non◄oceptanoe or non-payment. o\berw1N OQ
are dllobarnd, A bill of exobanse doea not open.'8 u- a 11 ot fund• ID Ilana ot dra- ••all.able tor pa:,mat \be,-t, Mid era18 ooi liable \Ill be aooel>\9 lallle. Bolder may r.q111re ~
to be written on bill, ancf It retUNd may treat \be blll u d..,,__
All aooeptanoe written on paper other \ban & bill, aad ~
tloD&I Wlitten promlee to aocept • bill before I\ 19 clraW11. bmlu i .
~ t o r only In favor ot a purob&Mr tor value fallll U...
Drawee bu iwenty•foar boon to decide Wbetber be wtU &OCIIIPI "'
not. A drawee wbo deatro)'I a bUl p-\ed to blm for a c 11, _,,
or wbo falls to return the bUl within \wen&y•rour boun. la d_,,. 1r
have aooep\ed tbe Mme. Where • .tsnaiure 18 eo placed •PK ,
necotlable lnatrument that It 18 not clear ID what o.pactty \be ~
maklDC aamo Intended to alrn. be 18 deemed an llidoner. Fon-:."?
bUla must be protested for non-acceptance or non-~ent. lll'tr.-.
a btU doee not appear 00 lta face to be a roretrn bW. protea\ Ulr.,- ·l
ID oaee or dishonor II unneceaaar,-. A cbec:k mun be p , - ~ :-· ,
paYJDent wttbln a reaaonable time or drawer "111 be dlsc-barre4 r,--,;.
any loea caUled by delay, Bank la not Uable to bolder or a eti.r::.
untU It accept.a or ocrt!Jlee •me. Wbeo tbe la9t day
do u 1 ,,
required or permitted to be done under tbe ac\ falls on a s.in~ , .
lenl bollday, tt may be done on the n e x t ~ 9eelllar or~ nesa day. When day of maturtty falls on a Sundal' or a boU<br. u•
Instrument Is parable on next 1111cceed1Dr bualD- da,-. ln.nnu:,n:>
falllDr due on Saturday are to be Pl'OMllted tor P&J"ffient 00 ••"
aucceedlnr buatncss day. eitcept that tnatrumenta P&Fahle on d~:r-~:,.•
may, at option of bolder. be preeented for pe,-ment before I z o ·.:i • ·•
noon 00 Saturday when tbat entire day 18 not a holiday. lf u,, ~ •
:r•Hrs .
or daye nest eu«cedlna- the protest tor non-acoepta11ee or noe-N• ·
J"d,rmento recorded In the office or tbe parish recorder beoome
ment shall be days of public rest or letral bolldan or 1 ~ II.all; .. ·
rr.<> r:inu.·,,,. Crom date or record upon all rul ClltMe of the debtor, and
days, then tbe day n,st followlnir aball be computed u the l\ni y<
' " ~Y ue t tiu s recorded In auy parish whe re debtor owoa real estate.
after tbe prote,,\. " Service or citation ■ ball not be _1,·..s nor , ~
They arc valid !or ten ye,us, when tbey must be renewed.
ment conteeeed . by any document under prtvate alcuatur; ,u-c,.v-·
I.Ion• or Prlvlleps. The Collowtnr bave special prtvlle~<'•, viz.:
prior to th " maturtty of th e obllcatlon ned on." IArUde ■ 1 .:..,c .
1898 •1 Acceptance mhaust be ID wrtUq and ■tned • •
I . J.,s•ftr·•
prh·llr
"c.
%. Prlvllr"e of the creditor on th e thin"
etltutlon
- 1~
,
•1
•
dra\Vce. It must
not c:a:p~ t t drawee Will ~rfonn bb pn,n,i,,.-~le<lf,~j ,: 11 r~~
rn~~f;:~Jtj ; ~~;~;,1,~i~gfna/b 1~: dv;,;:1,'.~ .;
by aoy other mean• than paymaat of IDODOJ'. (AC\
J ■<),
or the vendor or movuulc e!Jccto so lon!f as they arc In the possessi on ,
Partnersblp. Limited and Special, StlpulaUom \bat .-s,
or th~ veu,!ec . 6. i'rlvllc!fe o! tile lunt,ee pn oo the c llt·l·ts or the
participate In tbc pro0ts and shall not oontrtbute
i, " ' c
travel l;"r . l-' rlvllel{C:9 re-tJtlnr u pon t mmo va h l~s arc as f ollows, viz. : 1 botb as re,tards p11rtners and tblrd penom. Pa.naerab..lpe ~ d.h 1 ..! .. _
I . T bc vcudo r 011 the co tate 1,y hi m sold. (or tbe payment or the
as to thei r ohJ ect. Into oommerclal and ordinary p&nnenbll'O C.a:
price or so much or lt a.., 11' unpa id . whet h(' r 1t \\' l\...c; sold on or wit hout.
mcrclal t>tHto crshlps are such &I a.ro formed : t . For tbe -~
..
a cr('•l tt. Z. ,,\ rcb ltccu. ur11 krt akt' r~. U1ld .. layt·rs. pnlutcr~. mns tcr
of any Pt·rsona1 property, and the We thereof either Ill tt.~ ~ b 111 h t c ~ . cu ntr nct ..>rs. s11:1•ct1t1 t ra c- ton1. j 011:·11 ('ym rn , lah11 n·n: . cartl\t n tc or ch au ~cd h\' inaouf&eture.
2. For bUYinc or k'tl: n,c &.:'
m ,: n. nn ct ot h,,.r wur:on,~n crnµloyi·J In CH usuuctl n g. rt, l,11\ldln~. or
pc•rsonal property what c- ,·cr, al tacton or broke-TS. 1. Por (~;-r,- ::-.r
rr 1nlrh i,• J,.,·i , -: . h u ll,Jl1 uc1"1 . or m .d..l m:: o th e r wo r k ~. 3 . Th us t· who
p c ~ o o a.J p ropcrt)'· tor blro, lo sblps or other Vcaacla. Ord.J.D.a..rr ~
h,n ·e
•1; , · d \ \ Jln n r nttic r pt•r:,on cmployl•d hy the uwnt•r.
11•:tshlp~ a1c all such as are not comwcJC"LAl. Tbc.re ta a lso• •r-""=~
ht.._
r 1tn1c t 1, r . w l:.h rn ttt c rl.i l:4 o r uu-: klud fo r t h e c i> n~
or partnt·r.-, hlµ whtrh may be lneorporated \11'1\h ~lU:aer ut t ~ v~
n ·
.r a.tt t:<! l!kc or ,, t hi.: r w .. 11~ . w IH:n s 11rlJ m aLcr la.l :t
k ln<l.>. ca lled partot.:rablp In commcnda.rn. 1\ b formed hr ~::ac-..
=
·!in:
~~~',:> :::_
..'t~ii:~m:~~ =.c_~I..
'°
r~?~~,~~-~.~ g;
m "'
'° ,_
0
Li'
•·1t:c tl 11 1t or n•11.:dr o r ~11 cli ltolJ'> ,!S or ot h e r " o rk:1.
•,. on <" r,, p" t.o ti~ r r1..:o rd1:d 1..\ c t o ( 18 00 .)
Tbe
,rhl Proct u« or the t: uttul St a te.< hns a ll\"e d"ys'
L,r wh ich oue p c raon or part.nersblp Uf<"OI to furolab uotbcr C'r.ao.t
or p a rtn f.; r:•ddp & cert.a.lo amount. cltbt"r ltL propen, or lT\O.Df"J' :o lit
e n;plo, cd t,y tbe !)croon or pannen,hlo to wllom I\ ts tunlll~ld. !II
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SYNOPSIS 01-'
THE LAWS OF MAINE
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Mrr• 1n~..,. nf "'"<'~hr. l• f('~ rnu•1 h_. b ('lc1 wi•h•n
lh,., -.:,!\tf" .
, ·i .•r k 1' 1\l!t tll'" ~1'1• !If nrn! krq, "'t.irkho\,!r~· rf' r•l~1 :, ~n
tt1,o ~L"lt~ .
1114 rrrunh nrt:' , 1\W'II tn lt , otp,rtt"n 1,7 ••o r ~no\ ·1 ,..- ...,ti:
""' bl' Dl~re crr<.ltt.ors.
Willi Ult U<."<f•:lon vf ball~l:ic c.,·· .• . •
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BANKING AND COMMERCIAL LAWS-MAINE
13S4
ao pabllo n,porw are ~ulrecl ~ oae to Ille ~ of ftate
alloirlDC um• aDd ~ of o1lloela and amoUD~ of oaplQI IIIOak.
0.UTeiy of Olll'Wloale of nocll to bona lido purcllaNr or pledpe tor
'Alu ic,ce\ber wttb wrttien uamter of laJDe or wrltien power of
a1toma to Nil, aallD, and lraufer laJDe. •tcned bF owner of _..
lllloaw. uanaten Utle acata_n all D&nlel. Fomp oorporatlou Ila••
~ laJDe rlsllll u domelllo, bul are ~iilrecl to Gle OOl!J' of
cbaner wtlob eearetarY of etate. allo a OOPJ' of tbe by-ta-. an.ii an
allo requJrecl UDder eevere DeD<tee to Ille oertlGoate abowt.nc amoq
Giber WDP lobe names of omoen, amoUDt of oapltal atook authortaecr,
amoUDt laluecl and amount D&ld Ill; allo m1111 Ille oertlGcate lbowtllc
&DJ' cbaDce ta above panloulan. SUob oorporat1oa1 mun allo appollll
a reatdeat of Mallle, bavtac aa omce or a place of bwlla- Ill tbe
naw. to be It.I auomev oa wbom p ~ may be eerved Ill &DJ' lcal
prooee,.IUlc. CorporatloDI may dllpoee of lobetr traaobleee oa ma,lorfq
of lobe noolmoldere; maheue and be ned, and bave ..,aerally
~a~=.: ~taW:~'h~.,':i~c
c:;~':::,:toeu~=
eadum.1
c.ana. Terme and Civil .Tur11dlodoa. Sllpnme ~dlalel ooun:
Two or IJlree ierm1 a year Ill eaob OOUlllJ'; llllllmlled JurljdJosloa ~
u n,eollled below; full JurlldlOlloa Ill equltF: appellate jurladlctloa
• liulo oa qu.slou of law, from U1aJ term1 and npertor ooune.
llaperlor oourte:
Ia Cumberlalld CoUDtF exoep, eqllltF,
na1 IIG\lou. exlnordlllar7 lenl nmed. . and -,me othen: exclualn
jurllldlctlon above l60 to '600. coaCWTent Jurtedlctlon above 1500;
alt.I 11m Tueeday ot OVfrF moatb except June. July, and Auguet.
Kennebec County: exclwllve j11rl8dlctlon. With exceptions to '500.i
coacurrmt In habeu corpaa and dlvorce; alee NOOad T11eede7 or
.January and llrst T11eede7 of April and September at Augueta; NOODd
Taeeda;r or Jane and Mov-ber at Wat«'Vllle. Ooarte ot probate:
UIIUal Jurladlctloa of probate matters. M unlclpal cource and t.rlal
juatilcel: B1clwllve Jurladlctloa or rordble entr7 and det.alna' and In
~ up to Umlted amount; appeall to euperlor courl wbse
.-hllsbed, and eleewb_.. to ■upreme ludlclal court.
Clredlcon' BW., BW Ill eQUl'7 maJ' be malalalaed to raola
proper&J' of debtor wblcb oaaaol be naobed bJ' p ~ at law, aad
II DOI exempt from altecbmeat; allo Pl'OPertF ooaveved la tra11Al of
andhon anil property ~ ., lbat ts la DO\ replevtable.
DQa of Grace. <See Nesot.lable Inatnameaa.)
Deede. Aw owaor of nal enate llavlas r1p, of 111\rJ' _,, - ,,.,. 11 bJ' deed. No enaie sreater tbaa teaan.O)'-aiowm be -Mid
ueep& la wrlllq. Deedl mu& be eollllowlcidpcl bJ' • craaior or
oae of them or by a,tomeJ' Ill tac\, euoa\lac Ille-•• before a,,_..
GI Ille .,.._ DO\U7 publlo llavlas a eeaL or - - quaUAed to tue
.-..Owted11D111te: ouUkle the siaw. and la the Ualteil Sta- before
a alerk or a ooun of - r d llavtas a leal, notary pub_lloJ or oommtelloaer of deedl for thll Slaw. and la a toretcn oouatl'J' Delore a notary
pabllo. or a oolllUI or mlnllter of the Ualteil Sia- but It mactatrate
aollas 011\elde or State bu ao omolal ..i. bla authority aad the
.-iutaea- or bla 11caai11re m1111 be autheattcated by tile alerk of
a ooun of ,-rd In ooaatF where be realdee. Uaaollaowledpd doede
- t be ,-nted. No epeclal form or actmowtedcmeat required.
Doede mUII be ,-niod to be vaild acata■t part.lee without aottoe of
tbe -vqaaoe. Doede mlllt be under eeaL bat Wlta- II DOI
requlred tor valldltF altbourb l1IUal to have oae. ~ tor more
lban ••ea yeare muet be recorded. Tnlst■ ooaoemtas real eetate
be -ted oaly la wrttlae, euept thoee arulae by lmplloatloa
of law.
DePN1Uon1. Depoeltloaa m&J' be takea by dlllntereeted Jlllldoe
ef the peace or ao&el'J' p11bllo; lll&J' be taken wbea depoaeat la uaable
llmlUCII ace. la.llrmlty, or slolm- to atlelld at place of &rial; wbea
depoaeat Neid• out or. or II abeea\ from the State: wbea depoaeat
nllkl• la town other &baa that la wbleb \rial II to be beld, eto. Depollitou ., telrea may be ueed la all olvU Iv.Ice or caueee. petlitoaa tor
pen;ltlq,a of laad, Hbell for dlvoroe. p-tloaa tor tbe malateaaaoe
of oblldrea, petltlOu tor oplaJoaa In trial before ooan■ of arbltraton.
retor.. and OOUDIJ' oolllllllaloaen. and la or ooateeted -torlal
or repreeeatatlve eleotloaa. DepoaltloDI or allldavttl - F allo be
telrea la applloatloDI for peaatom, bountF, or arrean of pay under
&DY law or &be Ualted Statee. Oolln■ may lalue oommbeloaa to
•t• depoeltloaa 0111 of the State. or they may be tallea ou\ of Slate
by a JUll!oe. aotal'J', or other penoa empowered, but la the !alter
I\ la wltbla tbe dllcretloa of &be courtl to admit or reJect tbem .
De_n, and D11\rlbut..n of Property, <See E1tate1 of D•
Oe&IN Per9CIDI.)
Dower. Abolllbed by la11'1 of taH, cbap. 1117, ~ elfect u
10 penoaa DO\ \bm married. May 1, 11H: u to Olben. Jan. 1, 11117.
Wife or buaband may bar the rtcbt by lnberttanoo to oae-thlrd or
oa•balf. u tbe may be. of realty by JolalnC In the other'• deed,
or by 9Clle deed, or by ante-nuptial eettlemeat. or by loln&ure. Ellober
ntulac to Jola la other'• ooaveyaace - Y be barred of lnberttanoe
11J1011 epplloatloa to eupreme Judlolal ooun aad d - after beartnc.
(Bee Eftatee of Deceaeed PenoDI.I
Bltatee of Deoe&le4 Per■on•. Elcbteea moatbl after notice of
app01a1meat allowed orodlton to present olalme and 1ult mUA be
~ aad "8rVke ol p r ~ made within twenty moatb6 alter aucb
notice or appolnlomeat. Allowance to widow and minor cblldrea,
made by court from eat.ate. N on-rellldent eI8('Utor or administrator
muat appoint aU.omey. Time ot demand or notice Ollteoded ror-.bsent
CNldltor tr turther - · but prior paymenu not dlnurbed tb-by.
No ad.mlnlstratloa granted aCter twenty yean,. The real aad perwonal
e■tate of a .-,ion decea■ed Intestate (6llceptlng wlld land■ conveyed by
~~na~":J:ectl ~
'!re~~..d~~[~ t t
tbe Widow. It DO lllue, oa•baU to the Widow. And If DO kladred~
tbe wbole to the Widow. And to the wtdower lball d-nd the 1ame
1haree In bla Wife's real and penonal eetate. There 1ball Ukewtee
d-ad to the widow, or widower. tile same lbare la all eucla real
enaie of wblob the decea■ed wu eelzed durtar ooverture, and wblob
~~:l~~~bad~aC:{ ~•~:e"wi3::~~'!iK::',,V~1~ l:!::1[b:v;:;:
r=
we:r::n.: 0:
:,ea,.\8dgi:t~· W1~ow:~=e~~l=~~~~b':~ 1;.,tCea~':U:'::ds~fJf
deeoond lo equal abaN!I to bl• eblldren, aad to the lawful tasue or a
f~~ .:'fb~~ :~ai~bt!, ~I r:~'r.:!'t~l~~nJ!a~: ~~I~. tv~r.~
the ""me de,rree of kladred: It not. acoordlar to tbe rlA:bt of repre■eotAtloo.
3. If DO oucb la11Ue. It descend■ to bis fatber and motber
In eq11,.1 •hares. 4. U no such laauo, or father. II deaceodo on&-b&lf
to hi • mother. 1t no such l90ue or mother, It descernla on&-halt to
bla r,. 11u• r . In either CMe. the remalncler, or It ao ouch Issue. father
or rn11 t h,· r. the y.·holc tlt-soeorts In equal shares to bls brothen and
11l11t, 1
• <I \\ hrn a hro t ht,r or sl~ter bu died, to bla or her cblldreo
., • .I · ,· 11 t,y rl~ht of represeotALlon .
~- It no oucb laaue,
t
,,r f'll ~h.~r. lt ,1cl'<c1: rnls to bls mother. 1f no aucb tasue.
•>r Hl'it,•r, It Oesn~n,lfll to his fatht.·r.
ln either case,
e. u
t the ,~ ... llC of dt·t-en ~ru hruthcn And l!llsten .
·r. mutl u·r. hri.H h er or sister. It tlt:-.Ot'o <hl to his next
•·1n <-('; wl1cn lht: >· ctn.Im throu~b tlltkrrot ancel!lton.
11
11 1
~ ,.,_t~lr~1:1,~!!t~r ~~·.7tr~r r~!!~~·~~r.7~D
•
~{~~-~~~~11~0ort~1~::
lHOJH.' rl}-" lnh t"rltcc.1 fro m either or hll!I p ,\ Jt•nt-11. It
other cUUJrco or 1.Uc eame pareot. and tbe tssue of
r, I[
tboN d--,ct; la equal lbaree It all are of Ille deCree of llllaDil.
otberwtae. .-rdlac to the 11Dt of rep-\alloa. •· U •
lat.sate lea•• DO Widower. wtaow or kladred. ts eecbe&a ta 111
State. AD llledllmate oblld ta an heir of la _panmca W1lo la-.n,
allo of la mother, allo of Ice father, wbo adopta It or Mllmo""lt before a ~ t e: aad la &DJ' wbere the child la a.-•
an belr It lnberta from the lineal aad oollateral llladnd of 1M .,._
aad tbeJ' from IS. (See WIIII.) •
Bl:eouUon• line after tweaq-toar boun from n■cUU- ol ,..._
- t . re&uroable la three moatbl. renewable wltbla , , _ .,_
No lltaF excepl by order of 0011n for oa-and oae :,ear aaa---■-i
defeadaatl Ullial boad llled: lffled oa nal - t e bF apllftlal •
exient. allo oa real enate aad lalenlata la tbe - • &lid" r.....-.
and penoaal property t,r l&le: moaa aa4. bF - ' - ~
DOtel aplllled dlreotlJ'. Real enate -,Jd oa •-lloa
dMIIIICl la ODO year. AHaoblnl: cndltor may wtUlla fonF1IOI
boan &her DOtlOe redeem penoaal property of deblor _ . . . la to monrace Dledn. or Ilea; may &tao nclNm real ....._ ...,-. •
mortrace or other Uc. Speolal provtaloaa for redempUoa of «-1111
Giber lpeola1 ~ of propertJ'. nob u baDdlap OD . . . . . . . . . .
traaobJjee, eto.
lb:emptlou from Attacbm_, and lb:ecuUon. B...-.a
DOt eueedtnc la value
wbea duty n,clatered; deblor"a _ .
a ~ turalture for
, aol ~ la Talae 1100; batut
beddlaC tor eaob two penoaa: falllOJ' portrila. blblea. acllool 11111111
la - ; State ltatutee: Ubrar,', ,no: rerular pew: cook ...
lroa warmtac etovee; obaroo&I, twelve oorda or wood. llTe •
thraclte ooaf. llftF buabell bliumlaoua ooal. ,10 won.la of · - wood, or bark: produce of tarme till lla"ated: barrel of Boa-, _.,
buabell or oora aad rrala. J)C!tatoa tor family, o a ~ et lu
aad maaafaetuN!I therefrom tor famlly; - I I of uade. Uld - - and etooll. UO; IOWlar maoblae, alCHI; pair -rti:tas oa~tle. - . .
malel. or oae or two lloreea. HOO: bay to kl!IP \bem: I l a , - llf
•ob borae and mules. UO: borae lied or OJl lied. uo: d o _ . -■-l
HO: two IW'lne. ODO oow and oae better. It DO 01:-. borN • . .
, _ 0011'1; tea IDeep, taetr WOOi, tbelr lamba UDtO Fear Old; . .
to keep them aad oattle: plow, cart. truell or u p - wacva. _,_,
yolre With bo11'1, rtac and 1taple. , _ obalna. mowlDC maelllae: ...
tar boat or two tou: debtor may elect It ae au more \haa l a ~
Life and aooldeat pollote■ ere uemP\ from oredhon. esoep& ..,
e x - of a110 per year premium pallf Wltbla two J'ean. eaoet,& . lor a-rie■. <See Attaobmeat.l •
Forelp ludsment. Acttoa of debt lie■ oa a fonlSD J . . . aad ~ of !Sia prtmafaale~oflnde~ la......_
esoept tor trawl wbea rtvaa by ooun bavlas J ~ of ..,,_
and nbJeot matter.
Fraud. Usual oommoa law nale■ u to wlla\ OOGallsui.ea ha&
traudllleat re11reeeatat1oaa, eto.: allo 11eiato17 _..dee tor l1al
cbeace. etc. Court of eqlllty bU power to afforil relief. SlatwwT
provllloa• to preveat Ille la bulll of pan or Wllole of a\Oalr o1 obandlae In fraud of oredlton .
Fraud, and PorJurlH, No aotloa lball be matnlallled upaa _,
ooatract to 011arse aa ueoutor or admlalaUasor 11poa IIP80lal promlae to &DIW'er damafe!I out of bla own ~ i . . •
cbarse aay penoa upoa aay 1pec1a1 promlle to aaewer tor ~ 4ek
default, or ml■dolap of eaotber; aor to obarse eny ~ apea •
mar••
,::,iv
~;::t.~~~=-1::i~t.~...:'
ori:.-::~~::J:
meace. or of
Interest therein: DOr
a119a ..,
\0 . - &DY
&DJ'
~
acreemoat that la aot to be performed wtthla one var fro• •
malllaC thereof: DOr to obarn aay penoa upoa aay -u-aa
li'lf
a debt after dlaobarse loberefrom under bankrupt la- of 111o o ....
State■ or u■lpmeat or ID10lvea1 Ian of tbl8 S\ale: unlea Ule ~
ooatract. or acreemeat or 10me memoraad11m thereof la la . . _
and llcned by the party to be cbarled, or bll 1&'111\. No acuaa ...
be malatalned oa a m1Dor·1 ooauaot ua1- raUlled by Illa ta ......,
after beoomtnr tweatv-oae yeare of ace, ucept tbe - - '- 11r
-rte■ or real estate where be bU reoetved tlllo UMl olMalaal
beaeft~ No ooatraot for Ille of roodl. eto., of aao or aa ,....
la valid ua1- purcbaler aooepw or - ' v • a portloa or \lie .,...
or rt'Nll 10metblag to blad the bal'Dla. or la pan ~ ....._
or 9Clme memoraadum 11 made and 1lraed by part,- ~ ot .,.
acent. Coatracte whereby one beoomee aceat tor ■ale of laDdl . . . _
Told la one year uale■■ time tor \OMDlnataon delllll\lly _\led_
Garnllhmont. (See Attaobmeat.l
Buab&Dd and Wife. Eaob may bold and cleal wtlll ...,...
lndlVlduaUy, IUbjeo& to rtsbt of deeceat la real eata&o. tS. EMaa
or D-.cl Penoa1.1 Hueband aot liable tor debs. ot W1fo traoted before ma~. aor afterward la lier nW'll - - . . ,_ . ,
tort■. Equity Court bu •pedal JurlacUCtlon ot dlapai. - - • basbaad aad wtro relatlna to property.
hitere1t. Sis per cent or aay other rate &creed up0a 1a ~
Judrmeata. 1&1De raie: accouata and debw aot oa \lJDe bar . . _
trom demand. Special rate In time aotee does aos - - - a,w
maturity, 11111- 10 pro~1ded; aor after JUdrraeat la aay -•
UIUl'J' Ian. Oa loaae tor , _ tllaa UOC), IOClllred b7 ~ .,
pledce or penoaal propeny. the rate llb&l1 not e1-.s a per _ , ,..
moatb tor lint three moatbl, and 11 per oe-at per anaum ~
Loana aegotlated In this state by acent ot a ~ - , ~
with latent to evade UIW'J' la11"11 ot - t e Wbft'e bono- ....,_, ,.,.
voidable.
ludsmenu. At law: by reaeru onler a1 ad of \era - ea Wllere verdlot or default, wa1- nayed by P ~ I D p for "'""
or coallaued tor Judrmeat by plalaUII; la ~u•~. ~ t,y ...,_
1tcned by jUIUoe. No Uoa noopt by vtnue of auacbmeia, • proceee (Q. v.1 aad where opeclally provtded by law.
Lien,. (VolumlllOua Statute Provtalou. for I ( ~ , . . _
Wea. Hotel and Boardlac-Houee Keepen, S&able lteepon. ,.,,...__
etc.I
LlmltaUen of Ac,Uon1. Six y - : debt oa u ~ _ _ , . •
llabWtY <exoept J11drmeat11: aotlou upoa Judrmea1e oe, o1 -... ti
ooun DOt or record; tor arrean or reut; of aC>OoUII\. ~ •
oa oontraot or llabWIY up.- or Implied; ,..._. ~ cs
cl. aad d . b. a.; ~•evta: HOOP\ alallder aad Ubel.. p - ,,_
aralnat lbertll. Two yean: ~ult and baltel'J'. falae t m ~
,1aa<1er, libel and peaaltJ'. Oae nar: Nile faclu AN •
roooralUDce. ElrMeea moat.be: 1tolea boaf:' and ~
hy owaer. ·rweaty yean: wlta-1 aowe. baak bWa. ~
real eotlon, other Judcmeat and all olber pen,c,aai ~ ~
berua wbea writ waa -d~. laoapactq of PlalaUlr. deal.II ot .ri:.
part)' before or Wltbla tblrtJ' da71 after OXPlratloD Cl( u - ballftleat ooncealmeat of actloa. eb9eaoo from Stat,c, WII• ._._
or realdeooe out of the State and aboeac:,e af\erwarda; esladl w:,o
Action• barred where both parties lived are baned • - ~
promlae must be la wrtllar or part pay,aea, mua1 lie !Dede. 10 ·..;_.
time. AA:alnst e1ccuton aad a41DlnlaUatora. '-CF - • 11W
llllolf of affidavit of aotloe rtvea of appOlaUDeat o f ~ - or___.
lltrator, unle90 turtber aa.eta or dalm ao, matured AcalDII wor dc,·lseeo, one year after olalm ac,oruecl; 1'91Declr, ha eq.a~. • a.:
prosecuted Wllbla time llmlted aad It Wl\hout C'U Mble - - Limited Partntt1hlp, May oollllat ot ou or -re s-.i ..,..
aera and oae or more special. Speetal lball -trlbate si,.dk _ .
of capital or property at oaeb value. aacl be DOI llable ._ beyond tbat amoUDI. Geaeral P&r\llera 8111ft ' - « ia. . . _ _
'°
-:t-
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USS
BANKING ANO COMMERCIAL LAWS-MARYLAND
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THE LAWS OF MARYLAND
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RAN.,_ING AND COMMt-:kCIAL USAGt-.S
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BANKING AND COMMERCIAL LAWS-MARYLAND
- - - - -- - - - - - - - - -- - - - - - --
1356
A.ttachmenu for debt (See Act 18110, Cbap. 6411), or for uollqul•
~::: wt~~r.,9 de~~!~~':11sC::~t;~~:..S1:ie~~i- ~~ at~!:f':.":m'3a:i~
belnir Ont made by the plalntla to the correctn~ss or bl! claim and
the !act that the defendant ls a non-resident or has absconded. They
may be also obtained In connection with an orll!'ln&I proceH when
the credltor or some ono In bis behalf shall irtve bond In double the
amount or the debt, with sureties to be approved by the clerk. and
make amdavtt before the clerk or the court where the ault la brouirht
tbat the defendant 19 bona ftdo Indebted to tho plalntllf In the sum
~~':1:"t~e 3~~i.;f~~st~~.~~~~I!o~~~-=~.:-t ~ 9ot~ggn!i'1:::i ~/;~~~
or that the defendant haa assigned, disposed or. or concealed, or
it:~~~
~1::s\fu:l:'r;g~gl~a~'.i,,1~~:Ji':O~.o~~{i,~~~~:1~~:~~
fraudulently contracted tho debt or Incurred the obll1ratlon; or tbat
tbe defendant has removed or Is about to remove his property. or
some portion thereof, out or this State. with Intent to defraud creditors
and the attachment may be maintained, althouirh the debt or obltir&•
tloo upon which the action Is brought may not bave matured, but
the date or the matul1tY ol the debt or obllv;11t1on must be set forth
In the affidavit (Act 1894. Cb- 648). A claimant may have the
~~~~~e~J';..~~n':.'ea.fndy b:in~ll~f ;,~~~Yin0 :o:r~:ftt!ht.,t~~::
t:n~:~~::1
:,ethc']~~~~a~~-~ t~f ~~~'lttl~~s !".;;,r':!~~:,i:. l~~~e
Credits not due may be attached, but waires, hire. or aalary not due
can not be attached, and 90 per cent or wagea. hire. or salary due
~~t~ 1:~b~fi~b~. exg!,~~-da~!~ai9:•s.fJ· ::;.:!ve~'l:~~~~•~ii~1~f~~
Jo addition to attachments BCalnat non-realdents or absconding debtors
for debt (I. e .. a liquidated suml, as heretofore, attachments may
now be lasucd against such debtors In cases arlslnir from contracts
when tbe damages are unllquldatcd. and In actions for wronirs Independent of contraci. but In such eases no attachments oan be lsaued
until a declaration Is Died setting out specially and In detail the
breach of the contract complained of or the tort actually commltied,
verified by the amdavlt or the plalntllf or some one In hla behalf,
and until a bond aball be tiled atmllar to the bond required In attaoh
menta for fraud. (Code 1110,. Art. 11.l All papen In attachment
proceedlnp C&D now be amended. u In &Ill' other actlona at law.
(AO\ 18118, Cb. U.l
Banu. The Act of 1910, Chap. 219, u amended b:, the Act
or 11112 Chap. 11M made Important cbanges In t.be banking lawa
of t.blll State. The law now provld.. for the appointment or a Bank
Comml8stooer with bro.d po,... tor the aamtnatlon or au bankIng Institutions In t.bla et.ate other than National Banka and an IUlllual
report thereon to tbe Governor.
Whenever capital IA reduced by
Impairment commissioner may require Bank to make such deficiency
good within sin:, days. and upon failure to do so may take JIOf'lle&-
~~I
~J>y,f~~:f~cb'i~'!\!!!o,:1p;~!,re,::!,':f~T1~~
n - IA condocl.fd In an unaal'e or unauthorized manner. The requirement& for \he lncorporatioa or 111ch Institutions are fully aet forth In
t.be act. This act alao provld,. for t.be Incorporation and snpervlalon
b:, the State ot •Ting lnatltutlona and trllfi oompanl...
Oollaterala. The conversion by any banker, broker. merchant,
attorney, or airent of oollaterala ta made a mtademeanor. (See Code,
Art. n. Sec. 111.1
OontracU, The normal condition of all persona ta one In wblcb
o!/~J
!::l;:::
:r:!~t!~:'i:~r ~i<t~~~~;,n!t ~~~~ "X:.im':.
OIi. HZ, make I\ no longer necessary to abow that t.be oomlderatlon
0
tor a promlae to anawer for the debt ot another la In wrtUnir. A
Oltl&en can not make a contract with an alien enemy durlnir the
oontlnuanoo of hostlUtlea; but aliens, not enemlea, may contract and
hold real property u fully aa citizens. Tbe later caaea decide contract
of Infante to be voidable and not void; and they are capable of
ratlOcatlon by Infant& on arrival at aire of twenty-one. The contr&ct8
~f I~~~::\~ ~o~o'l~~,":~ad a~~t b~':,11t~' u.\?l:: !~t~te ~vl';f~t~~t o!
married woman may eniraire In business, contract. aue, and be sued
l\'f°ira~~lf:;iaco~~~a~ri::nf c!:o~r'!,~~rri'::c1e ~~ct;u~~~i
~~
!:fJ.
Conveyanoe,. No estate or title to any property IYlnr with•
In this State, for any period above aeven years, shall PA88 or take
=~=~tU::,';f',!~j::'t
,~Y~!et~iJ:.ml~~~l~.~~~e1~~:e"~n3~
of real estate shall be slimed and sealed by the irrantor and ba,iralnor,
and attested by at least one witness.
No words or Inheritance necea-
aary. but every deed shall be con,trued to pass fee stmgte title unless
~~rr:
!~ea
s~~;,~~t. Al"d~!:i wi:.t~stt~ ":.?ir~~,r~;th~':~ ~o:it~
from date, In county or Baltimore city, where land lies. but If recorded
after thls, deed, while valid between psrtles. Is Invalid as to cleeds
to bona nde purchasers without notice recorllcd prior thereto. A body
cort>orate mu~t rmhodr In the <let·ll Itself tbc appointment at an nttor•
nry to acknowledge the <kt.•<l n~ nn tor tht- corporate act ot 1mtd
corporation or hnYC It acknowiellicd b~· the Presl•lent or Vlc<--Presl•
dent wtthout suC'h 11ppolntment. Vrndor~· lien mny be relcaHf'd lo
ortJ.t"lnal dl'll~t or upon rt"l'Ords whl'N..' r11eordod. (ro<lc Art. G6, Sec. :n ).
eun,·t•y:uw~ duf(.,•ctlvely acknuwleda:L...,J made ,·alld by Acta 1908,
Cb. 105 snd U.11 '"'1d Act• IOIO Ch. 5,:;,i; Act.• 11112. Ch. 85.
Corporallona are onrnulZed under tbe authority ol tbe General
tncor1>0rstlon I.aw, coouplctdy revised, Act IU08, Chap. Z40. Lll>cral
provisions I\TC made tor gcucra.l Incorporation: ouly exception (for
muulclpsl purpo•csl la lo the constitution . All corporations tundcr
tbe trt·ncral lawl must pay a bonus tax or ono-elghth or I per cent
upon Its autburlzcd capital stock aud any tncn•1t.sc. Corporations
have perpetual succession. may carry on business anywhere, may
}~~~,~~~~s. F6~~1~ncu;~r t~~~l~is u~~l~t:ia~\1<,er11:i1 gror;111i1ct~~~C~lht~I;:.~
bohlC'ra. and amount betS. The oorroTl'ltlon'A rcn.lt\oote must be nlcd
:~f
~;~,~~l~; ~ar~!~ua~~n)\w~1cra 10!~ 1~n~~1~~~~ionf 11!il~fr ~!~ 0 ~ri
annunl traurhh-e tax on their C-1\(lltal cmplnyt'tl ln tbts St.ah·, of ~O
0
ceou p~r
$1.000
but no lc,;s tbnn s::;.
0
II capital I• over $r,oo.ooo
then onc•tourtb of I per cent on the t·xcc~ to sa.ovo.ooo. etc. Uome~
tic corpon1ttun!il ma\7 Issue 1111 klnt..ls of prdcrn:d nnd common stock.
and ex.clJurnzc Mmf" for stock or ~ood wlll. Valun.tton ln al>~t•ncc
of trl\111l ts t"-Ondu~tn• . Important chnn~r., Wf"rc madl' by the Acts
11110. t 'h. ';3 Jn lhP method of trau:,,.fl>rin~. att,achirn: ILIHI lt•vyia.uc upon
Cl'rtlllratcs ot ~tock. <tcncral law u.mcut.11-d t,y .\ cts Hl12. Ch. 35.5.
Court•.
Trrm• 110<1 Jurisdiction.
The circuit courts In tbe
counth·ci: bavc Jurlcdlctlon lit common law ln cas~ lnvolvlnl' more
than ,:,o. un•I equity In all c,,,,tes lnvolvlni;: more than l~O . Tht."Y
h 1 1 ltl from l\~o to tonr rc1e11l1t.r terms tu each county at which
• !P_·y httve a Jury: there n.re. however. lnterme<llt\te termfl f\xcd by
•· ' n\ (':oi. t<1 which pro('e-,:~ m ,'\Y he m .111c rcturnnblc .
The circuit
,,,,1 chcu~t court~\.>.:! or ltnlthnurc c:tt,· lune c.,ctusl\'c equity
: 'on!' In \.he city. The s11,1l'rlur court, the court ot coin111un
' ·:J _. ,,it1,_n 1J~C c1ty 0uun ha\·c ooncurrcut co:nmun law Jurt:-1dlc, ~"'1"1 ln,nl\ln~ 1 nor~ th,'\n $100 . The court of oom11100 pleas
1' lJ<-'n~;·~ Ju~:;~nlnnh ln ,111!-'ol\' f.• ncy. and tbe crlmlnnl court ln
Ofl) ana ouur\a In 1:talUmore <'.'tty, and to the
oouotlea bave probate Jurisdiction. Just10e11 of &be pea.,., ta«
Jurisdiction to the amount or $100. The common law cuur:.. na,,
~bfc'h ~~~..!!; ~a~t::ina.~1.e "Fl: :~·::r, :,:~ ~.~.,0 ~ ; ~ , ; :
Y1u1~~esi;te'"m~~tc!~!mOt>'::. Monds>·• of January, Much. Ma>.
Deposition,. When the courts 11re satlsfted, by a:::l.1~ , ·\t "'
otberwtae. that there are material and competent Wltnem<es re>.,j'..Cr
Without the State, they Will direct that a commission be lssv..i ,._,
take the te,,tlmony of such Witnesses. The oommls,;lonen "re ,.e.:,c:-,..:
by the court, and must qualify before some person autb<>r1:c-J i,,
admlnl•ter an oath In the •tate where they reside. The del)(,• , tic:i.,.
duly certified by the commissioners, •ball be admltte<I a~ e·.·1 .J,.or
at the trial or the cauae, s11bJe~"1. to the same objection• and ellc-epc.,~ 1
&I the same testimony would be If the wltne"" bad been peno,a.;r
present In court and tbere examlnt•cl. Parties have tbc r1rbt to t,
present when tbe testimony Is taken 11oder tbe oomml~sl?n, n,
must recet,·e reaaonable notice or the time and pbce. E :<amlna co:
11 restricted to tbo parties and lnterroiatorles and Ct"09,...lnter.~~•torlea snneited to tbe commlHlon. Testimony of non-~id<':l:
~~b':J:::n,ir.g,~roper notice, aa proVlded by s.c.
;'J~r81:i.~
'°
De-nt anti DlatrlbuUon of Propert,.. Aa
descent. •
Oode III04, Art. "'• ano aa to dlatrlbutlon, Code. 1110,. An. 93 .
An attempt to abrogate the Rule In 8belle:,'a case bu been m.adebJ
Ob. 1°"• Acta 1912.
Dow•. The common-law rlirht of dower exists In Maryland. u~
estenda to equitable CIBtates. By ae\ 18118, tile busbacd · • do~r.
waa created; an estate of the husband In hla wife"s estates of 101::,c.•
taoce. eJt&ctly equivalent to the wtfe'1 dower In ber hual,and'a ena:e.
A devise or bequeat or real or penonal property to the wile or buablu>t
ahall be construed to be In Ueu of dower In laoda or abare or S>el""IIOn.a.l
estate. reapectlvely. unleaa otherwlae exprsaed In tbe wtll. If u.e
widow or widower reoounce1 formally In wrtttnir. however. ■1:<a
provlalon made tor her or him by tile W"tll. witbln m monloba an. v,,
ll'&llt or admtnlat.ratlon on t.be - t e of the d - - - bWlhand or wt',
the do•• rll!bt and t.be &hare or penonal property remain l l n d - :
(See Man'leil Women.)
(Act 1904. Ch. 861.)
Bseeutlon, may laeue and Judrments may be renewed or l'CT1<"t<:
b:, ectre ractae at an:, time witbln twelve year■ from date of Judv:,ner;:
or from the expiration of &Ill' etay, and may be thereafter le>1e:
oa UIY property of the defendant. la the c1rcu1, courie for t.t.r
eoantlea \here la a eta:, antll the llnt Thur9da:, of the term s u ~ •-,
\be rendition of the Judirment, proVlded the Judcment Is o t s ~
at \lie - o d term after the defendant la 111mmoned. There l9 ~
ataY upon Judments rendered In the oowu of BalUmore cttJ' or bJ
JUS\10e11 of the peace In the atty or oountlea, but execution l"llAJ' ta.,
lorthwith. The defendant ma,- atay tbe execution by s'Eniecuai
With auretlea for elx months. Copy of doaket eatrlea of udrmea1
lr.raouaer OOUDt)' lll&lleube Judruaen, a
~
=·=rg~
BsempUona. No bomtl■\ead law. Weartnr apparel. boon 10018 <not kept for Mlel and 1100 or property In adtllt.1o11. wbeekr
oonalata ot mone:,, land. roc,da. or money P&J"able u 1 - - .
benellt, or relief In the event of elolrn- bun, acclde11l. or deaa
are uempt rrom execution. uoopt on Judruaenta for breacta or pro...to marry and aeductlon, not a11pllcable
any but a ~ bcu
Ode realdenta of tbla State. Eqllltable lntereata In persona} prope.-iy
oan not be eold under e&eOUtloo, but ~ be levted upon. and tk
~!na~u:ii~~Ulrecl may be enforced In eq tY, Cbo- la &C\to11 _ ,
'°
Forelp Oorporatlona. (See CorporaUone.l
Foretsn lutlsmenta. .Tudirmenta of Ille eouna of other na, ..
certllled under the act of oonirress. are proper ca- of ~tlon acaa,.
any person subJeet to the prooeae of the oourte or tbla St.ate.
Frautl. When any r&lae repreaentatlon la made by one to aaou,e:
With the lotent to defraud, and the defrauded pan,-. tblnt1nr u.,
allend fraud to be true. acta upon It. any oontrac\ Uua nuoJe au
not "be enforced. But If the !nlured pany knoft nell rep~a,1-,~
to be false, It can not be aid to taave lnlluenood bla condun
•·•·
reneral doctrine In this State YcAJeer vs. Honey, a:. Md 4U
Every penon bUYlnlr merehandlae In bulk aball dem&nd &ud
from the vendor a written statement under oat.II oont.aln~ ~,
nam,_ and adctresaes of all creditor■ With amoun, or lDdebt~
at least Ove daya before theaale l1 oonsummated. Tbe =noeenoi:
least ftve days before oon1111mmat111r aucb a&le •ball notUv an c,
aald creditor■ either personally or by rertatered mall of suet, pn,"°""'
purcbaae. A aale or tranarer of irood• In bUlk wttbout wc:ti ::.ouar
ahall aa to all sub81at101r creditors of the vendora be couci .,,_•. "''
l'.;':,'~':,'j f'raudolent and void. (Act 1906, Cb. '21 and Act uf i;i,.
"'°"''"'
Garnlabmenta. (See Attaobmeota.l
Bu1bantl and Wife. <See Dower. Dlvoroe, a11d llamed W<>-a ·
tn tbla State the husband la not liable for wtre·s IUlt~nupu&. -:-. ,.
or oontrscts. H u•hand Is liable for necea..-.nea of wire
Ac-u -. ,.,
Cb. 4~7. glvN huslmnd snme Interest In wue·• e■ \ate
•Ile t..'.,:.
busbancl 's "8tate. Marrlc<I women are eapeclally &U'-borbed bJ ll•
Acts ol lUOO. Ch. 633, to b~come partner■ and~ oontract wltll ••
band. Either can rellnquLsb Interest In other• real Nlt&te by , 0 ., 1
ctc1t~.~r by airenl or attorney proper17 cons~:uec
1
u
fl~P S:SJ:'
lntere~t. Tbe lool rate of lntereat Is I per ~D\
Jud1rmeuta hear Interest from their date. A person ~
of u~ur}' forfrtt., the, exCt"s~ over tbe real 1\1111: or ,·al"'""o•
~
.
a:i:t ._,
~
'.! .
~
and chntt.ela lent. o.nd l~i:al Interest thereon. S1n.,.. 111 7 6• ;. ;, ~-•:.l<
:'.!'i°~e ~;~ve':'e~u~~:. the usury, la paid, the usurtoua lil\.-r.:·,- ca,
,udsments are lien• for twelve yeara from d11te of
d'"' .
-
r~ ~~ :·;.~ .'"":
any ,utercst of the ddendant In real or lCl\.k'hold
the countr where rt·ndcred . Thry c-an be t1ausf"'n('d fr,>~,;> C\"'' : .;
to anuthl•r by scntllnl: a COPl" of the dOCli<"t entrt~ to
rr,ron.1. Tbe lien commenC'e!i from the date of the etlt ry 0 ( t " 'tr. "'_ • ~
entries b)-• the clerk. Ju<t~men~ are not li<"n~ on m(,!"!~, ~· ··~- , ...
mcnts are not liens on r,t·r~onal propeny unt.ll '°":\CC\Jti :"'l ont-_-'\:, ,,;
·i~; • :. . -·.;.
-f.
ni•d the writ Is lo the ,onos of the sh~rll!. i s,-.- Art l••O. ,.;,..t&e s ,1:.; ,
•
:1,8. as to ex.1.mlnatlon of Judh'llleot debtors.)
Lh,na. (Seo Jucll[meots.1 .\lechanlcs' Liens.
E,·e,., b. ,.,_
ercctcu. repaired. rel,ullt. or Improved to tbe extent .,, .-~,..::;--,.- . . •
o( Its vnlue Is sul>kct to a lien for W'OTk done or ms·c:1_.,, re- ; . for or about t_he :tame. ,.\ct of l1'9S. Cb. ~o:. at,~,1-L,;b~c,J : ;;·_.,_.._
materials turnl,tu•d for butldtng-9 ln Ualttn1ore city.
l::\'rr.- :.--1..:: ::-t
wbarl. or brlLl1:e, oonstructed or repaired 18 suhJN:t In liu -
.
AS liulhJ1!11Z'S arc to a Urn accordln~ to the pro\-1slon..~ ot \ -,~; ~;"
Art. 63. :Sec. 2Z. ,\II bo11ta or v~.s,;cls are suts)ec\ lo a !lee lo,-... ,. -»
turol~brtl or work done ln trnlldlng-, reJ)&trtnl(:. or t'QUl{> •,1-- ~ •.t. ,. _, •
To st:curc the llcn aud lay tount.latlon tor eoforc-ltut ,i ·t-.r· -~\-,. ..~
man m 11~t wlthtn six mouths 1tfter the la.st work bu ~.u t, , ~ . . . ..,.
Ille a rl11lm In the superl?r court for fla.ltlmore City. "' In t:,r • 0• .,., •
r:~ul~:. county. 1 he liens are en!orccu b:, lelrc tAc-..M a: :,
~Wfu
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t,ul\to~ lo r,rh r-1 11 Ut)' tu \\horn 11, 1l111l0\Jltf1\ t. 11n b l( r-.,,. •,. ,t
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1
BANKING AND COMMERCIAL LAWS-MASSACHUSETTS
1358
MF laubuld, widow, or helr ID Ulla Slate. AActllarY ad.mlnlllnlioll
- , , be 11'Ulled upon the •tate of a non•re91dent who dSea leavtnc
~f::!F In tbla Mate. Every admlnlaUator and execator ■hall 61a
:a.t~~-roa"oe":i~~~0
~~~~
lo an -ulDr or admlnlatrator wl\bln one :rear after hla appolntmant
aDd tbe debt ■bould be P&ld after one :rear and wltbln two :rean of
~~~=~:fra":1rt
~:!~~rb!tte~~~to~~a:,
except on a cla1m not afreoled b:, the ln■olveno:r of the •tate. No
■ult can be bro~bt q&Jut an ezecutor or admlnlatrator who Ila■
publlahed notice of hi■ appointment. after two :,ean from time of
as■ irtvwr bond, unleu he bu received new u■ei. after the expiration
of the two :rean. A credllDr who■e alatm do. not accrue within the
two :rean ma:, cau■e auet■ to be re■erved to an■wer to hla clalm.
W'bell the •tate la lnaulnclent to pay all c:la1ma, the executor or
admlnlstrator 1hall represent the e1tate ln■olvent, and commlalloner
Wlll be appointed to receive proof of clalml. Clalm1 tor penonal
GPIIU9, laat alclmeu, and charp11 of admlnlatratlon, are not affected
by the lllaolveno:, or the eatate. Executon and admlnlatraton, aball
ruder an account at leaai onoe a year.
. Alien,. Realdent or non-..ident alien■ ma:, ■ua and be ned and
ma::, bold and convey real •tate.
Anfft, In an action of contract, the defendant uni- llhe la a
woman. ma:, be arrested on meane p,,,_, la tbe plalntltl, and except
ID actions on necotlable lnairument■, \be or111nal part:, ID \be contract
or bla execu1Drs or admlDl■traton ma1te1 alDdavlt that be expect■
to recover a sum amounUnr to U0; that be believe■ that defendant
llu proef:':r wblcb be doea not Intend to ar,pt:, to paf«:ent of ~
!~ro~
~~~ ==-=~~~i:t..«!ef.::U~t m~':1~.:pti:: ~der
Ubel, ma:, be berUn by arrest of the defendant, on U,e plalntlff or
■ome one ID bla behalf maid~ certain aaldavlt■. A defendant
arreeted on me■ne ProoeM may ve ball or be ma,- appl:, to talre an
oa\11 that be do. not Intend to eave the State, or tbe oatb for relier
of poor debtors; ·on taltlnr orucb oath be la releaeed from arrest. No
arre■t can be made If tbe r,roperty of defendant la Mtacbed upon the
: : . t : ! \ n°:Ji~ne~'F~~~·:t:r~ord=r
~'l:o~l~nr,,.~~ ~::
State. be can not be arrested untU be baa llntt been cited before a
mairl■trate for examination, and It appe■ rtnr that be bu property
ancf reru- to autrn It, the malrletrate may order bla arrest. When
arre■ted under execution the debtor may apply to talre the oatb for
relief of poor debtors.
A■■lsomenta for beneD.t or credtton. A voluntary a■■lpmenl to
UUtee■ ror beDeD.t of creditors can no, be avoided If UNDted to bJ'
aredlton, wbose claims exceed tbe amount of property a■alped.
uoept b:, prooeedlnn In banlrruptc:, berUD within four montba or by
proof of traud. If tliere la property In exoea or t.be cla1ma or creditors
wbo have -ted. tbe exoeea In band■ of tbe trustee can be reached
by lnl■te■ prooe■1. Acta done In rood faith bJ' the truatee under an
Ulllpment are valid, tho~ tbe uatnment be afterward - ulde,
If Ille aa11Dment la - t e d to In wrltlns b:, a maJc,rtt:, In number
&114 valna of lbe credltol"II not ■ecured. The uutee 1hall on acceptance
of tbe tru■i st'fll notice In wr1,1q to all known credit■ of lbe u■lsn
- t and aooeptanoe thereof and llhal1 depollt wttb the clerk of tbe
ett:r or town wherein the debtor baa bla prtnalDal plaoe or bualn- a
eopy of the aallnment. Tbe abOve wouldlrobablF not apply under
tbe provl■lon■ of lbe NaUonal Banlrruptc,y ot.
1-lvenoY, Tbere I■ an ID■olvenl law. but It la 111peneded by the
NaUoDal Bankrupto:, Act of 11911.
AUaobmant. All real e■tate, rood■• and chattel■ nol exempt,
_,. be taken In attaabmenl on tbe ortctnal writ and beld u teourlt)'
for Jlldrment. uoept that landa and tenementa ean no, be attaabed
la nlt■ lnvolvtq 1- lhaD U0. Attachment■ may be made ID 1ult■
0
0
~e-:'s! ■:t:!.=i':n~ 0
eorporaU01111 o~laed under lawt of tbla State. or of United State■•
i:,~t':t~d
.1::0~~~~':,\ ~ ~ ' :
bOolr of oorporaUon. Shares In forelro corporation cannot be attached
ueep, b:, bill In equll:,. Debtor ma:, dlaaolve attacbmen, b:, turnlablDS bond with euretlet to pay Judrment obtained or value of propen:,
attaebed determlDed b:, appralaemen,. Upon alDdavlt by tbe creditor
exoept In ael.lon■ on neirotlable lnairument■ that be Ila■ reaeon to
believe that \be deb1Dr Intend• to leave tbe State and Ila■ -property not
aampt from attachment which be do. not Intend to apply to tbe pay- t of plaintiff'■ claim, tbe debtor ma:, be arrested and beld to ball.
Debtor acatnat wbom Judrment le rendered for over azo may be orubJaoted to ■worn examination toucblnr bla property, and If be rerueea
to llellver up suchJlnro/:rty <not belDf exemnt from attachmen~
='debtor'iu~~? b ~ . : n acrt~~:i.,;x.r.=ve
attacbment■ made within four monthl or Drat -PUbllcaUon. AA
attach_, la dla■olved b:, death of tbe defendant If admlnlatratlon
I■ rraated upon hla - t e upon applleatlon made within one :rear
after Illa death
._lu. In tbla State, aate depot(\, tou and tru■t companle■ are
IOV'llnled by tbe provtalona contained In chapter 1111, revlaecl law■• and
-dmtat■ thereto.
Under lbe renerat law llttaen or more persona
UICI their wcoeuors ma:, form a oorporaUoo for tbe purpose of carr:rlDc
• tbe butn- or bullrlnr. The reneral ooun ma:,. by ■pec1a1 aoc,
. . ...i or dlaolve any such corporation ; but It■ dluolutlon aball not
lapalr any remedy acalDlt tbe - e for llabllll:, preVlou■ly lnouned.
ne capital ■toell of eaeb baDlr aball no, be leas tban 1200.000 nor more
e:i,C:P!.1;.~ti:_or f:":!t'?e:8
No baatnea ■ball be tran■acted untf tbe Whole amount ot lta capital
- - la actually paid ID. Before oommenct~ bu■ID- tile pre■ldent
ud dlrecton ■ball malre a oentllcate apecll or tile corporate name.
Wlllch ■ ball be different from an:, prevlo :r orranlzed ID tile oom-n-1\11: lbe location of ll■ld baDlr: tbe amounl and number of
allanll or lta oapltal atoolr; name and re■ldeooe and number or ■bare■
of each ■tocltbolder, and tbe Ume when It la to ro Into operation; a
eopy or wblcb certlftcate llhall be llled wtcb the aecretar:, of the
oommonwealth. No part ot tbe capital etoclt can be ■old or trana=r1m~'fb:!°i.a'!W~: ~i;:rt!f:to~~~ici1~,1~!1~r ~-t
::=!rt~
In addition to the capital etoclt to which a bank la entitled, the com0
=~wof\~ ~to~:.;r~1~f.re;-:,:.. pa~i1~ro~ D~t
Pt:
law . &Id commonwealth shall be entitled ID lta proportionate abare
or pronts and dividends . Upon the vote or tbrc~fourtbe or It■ ■toclt
boMr~. A \Jank may lucrcasc Its capltl\l sto ck to an amount no&
f'XC'N" tllnl! st .000 .000 _ ThC' cashier l!it required to rtv~ bond 1n not
, ~ than I ZO .ooo. with two or more su~tlee. before en~rtnc upon bla
dutles . The <1cht.8 or a hllnk 'lhl\11 at no time eoxcecU twlce tbc amount
ot caplt.11.l at ,:u.- k Pllltl tn f"XC'lt 1stve o f dc11o ~lta not be.arlnc lnterea'-
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tC'1k'i~~o~~~
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,:;:~~~~~~gr
nor lhl\ll th• · 1 f·
aa.pttnl ,-;tnr-1,;
lawtnl m .. •
for clr c·11 •
11:~p"
a h ar. l..
thr •
tt ,i,,.
, .. .
•tue th" hank more than douhlc the amount of
Ir,
Fn•ry hn.nk t11 required to keep a rt-11crve In
• • · ··•l ~tot('s. Cfltll\l to 1~ per c~nt or It.II llablltty
· ~ In Cl ty o f Bo,ton . Trun comp11ntes ,b&U
'1 Pf'r etnt or tv llnh11ttl <'8.
Stor kholdera of
hH1tvltlual CH.Jll\C-lty to r tbt- pn.vm('nt or all
,•
ril nr: unpl\hl In proponlon to ttie t-tock they
'>tops JJavment..
Au oo-lttea appointed by \be ceaeral eoan _ , . _ . . . ...
tbe alraln of MF bull, and •hall have fl'fle IO lY boob ul
vaults. Tbe baAlr commlalloner ahal1 vi.alt onoe ID every :,ear. _,
u much oftener u tbe:, ma:, deem expedient. a U.Ucb baalrL •
eumlne all tllelr affaln, and make such lnqulr1e■ u ID&Y be _ . ,
to aaoertaln their oond1tlon. and malre a report of auc:b lavailplla
to ,be reneral oourt.
Cbattel Mor&-. Cbaltel mortn&el mu■i be reoonled la at
recorda or tile olt:, or town where tbe mortcasor reald• _.... uo
mortcace la made. and ID tbe cit:, In which be thea uaaaeta 1>...i.a.
every moncare mu■t be recorded wltbln I l l - daJ"8 ot doe daic;;
until recordecf the mortcare la not valid except bee•- Ille ~
unleu po-ion la delivered to and retained by tlle m o ~ ""
IO&IIII leu tbaD a1.000 ■eoured b:, mortcace. tbe rate ol l o - - not exceed 11 per cent. It la a crtmlnal off- to remo,re. aell. •
conoeal moncaced property.
Oorporatton,. By opeclal act of 1103, cbaPter «17, die la•.,
bu■lne11 corporations waa revised and appllel to all oor-po1a~
orranlsed lo tbla commonwealth ror the purpo■a of c-.n7IDa' oa .,_.
n.eu within the oommonwe■ ltb tor prollt, uoept UNI foUoWlaC Banlr■, •vtnc■ banlra, co-operative banlta, trvl compantea. or lndemnlt:r companies, ..re dePO■lt oomll&Die■, 1u'IUUI09 _ .
P&Jllel, raUroad or ttreet rallway comDaalel. teleciapb or telell-■oompanl-. IU or elaotrto llcht. baa\ or power oompudea. ou■I..
~:'::i.:
:::eru~~~"::.r'&co.:.J:DIU:-::.a~ '=::;
00Ddamn land . or to CllllerclN fl'aDchi- ID pubUc W&7a,
pt'QTfded t.11,al
corporation■
formed for p ~ of deallq iD real - . 1 e aball - ~ •
term ol tba duration of the corpontlon. auch term no, lo .,.,.c,e,,c1 111\J
:,e■ l"II.
Under tbSI aot three or more penoDI may .-dale &oClltb« Uf
form a corporation. for a a ~ on any lawful bu■loea not blohlClell
In the above provtatona. Such a corporation mat bave a __.
of not 1 - than U,000. Tbere la no maxllllum limit. Tbe . . , .
mut have a par value of not,_ than U . Tbe • ~ ma::r be dl'fklelt
Into two or more clule■ wttb web preferena., voUnc p o - JWUIIUon■ and quallllcatlona u ma:, be llxed b:, tba acn,aaiea,.ot ...,,._
tlon. Upon due orrantzatlon or tile u■ocllate■ and alloc a oopf el
the asreement of auoclatloo with the oommlMloner or corporatkm
and on pa:,men, of a tee of one-twentle\11 of 1 per oent ot tbe capltll.
bUt not 1 - than U6, a cerUlloate of Incorporation la tuned br tae
■ecn,tary or 1tate.
The capital ■ tock may be la■ued for cull propen;r,
tanslble or lntanltble tervla. or expense■ . The amoUDt or Qlp&lal
noc1' may be lncreuecl trom time to time. TIie oorpoiaUo11 m•
have not lea than three director■, pretldent. clerll and ~
Tbe director■, treasurer and clerk are eleoted b:, --· ~
~lrp=e:: ~
t:ed~:o~:~
~
bolder, mnst be beld within the commonwealth. but dlnocton ma,
meet wtthln or wttboul tlae commonwealUl. VoUN bJ' pnaQ •
permitted. but 110 pro1:, dated more than Ill IIIOD\M before tie
meettnc named la valid. AA:, corporaUon may llold. Purcbue. ve:r mortJap or 1 - ■uch real or personal propert7 u tJle purpoea
or the bu■ID- mu reciutre.
Every ■uob oorporaUon la reQU!red to 61a an &llll1lal report ot Isa
oondltlon. and If It■ capital ltook la o•er SlOOlOOO, IO Ille a W'IIUa
■tatement under oath II)' an auditor.
It la al80 nqutrect to - •
an annual reium to tbe ta& commla■loner. Ever:, oorpo,-UoD or91alaed under lbe reneral law la tauble locall:, IIJ)OII all 1-.l - • . . ,
ma.._,. owned b:, It In tbe eommoo....iua. 111111 la 1111..,_ Ila a
fran.oblae ta& arcreeate market. valaa of Its allat9 altel' dedanac
tberefrom tile Value of real .iate and maolal-,. RbJeel 1o Joel
tuaUon u above, and the value of any pro_.i:, o( Ille corpocal:llla
■ltuated In &DOllter ■tate or OOWltr)' allCl nbJec,1 lo ta&alloa IMft.
Bvery foretcn eorporaUon wblcb Ila■ a unal plaoe ot . , . . _
here, or la enn.ncl bere permanently or temporarti In. Ula _ , _
tlon. erection; altera lion or repair of a bulldllls. bdap. rallr9acL ,..
way or 11\ructure of any !rind, aball before dolq bullll- llel'e ~
tbe commlasloner or corporation■, It■ allOrDl!J' (or Ule ae"1ce ot po.ce,is, orucb authortt)' to conllnue u lollC u any Ualllllt7 ftmalaa standlnr aratnn It ID thla commonwealth: Ud ■Mil tile wttll ia.
commllllloner or oorporat1oo■ a oop:, of lta obarter uld l>Y-lawa. . . .
a oertlllcate -tine forth It■ name, looatlon. aam• and a ~
of It■ offloel"II, date of It■ annual meeunc, amount of Its oapttal a ~
llled and INued. tbe number and par value of It■ llbalw. Ille .,.Id thereon, and dee.Ila or an:, pa:,ment tlaereof aol ~ 1B They are required to nle annual atatementa With tlae coam....._
of corporation■ abowtnr their condition. Oflloen of a fo"91p poratlon are liable for all debt■ and oontract■ made w1ll1e UlaF 111cb omcen If any atatemeo, or repc,rt required by law ~ l>Y ta.a
la lrnown to be false. Palla"' to Ille tile abon - - . - - readeD
every omoer and areal liable to a Dile of IIIOftl lk• ~ - A
forell(II corporation la IUbJect to taUtloD looall:, OD. 118 - 1 macblDeT)' alld mercbandlae ID tbla oo-w.ltb, ud lo ~
ta& or one-llhletlt 11-1101 of OM per_, ot tbe par val• ol ha a.._.
lsad capital, bu, the ucue ta& ■hall not exceed 11,000 a :,ear.
Cou&a. TenDI and lunadlctlon. Trtal fuUoa ma::r - - bold oollrt■ wtthlll tbe oountr. for wblob ue:, are appotat.e4. ...
■hall have or111nal furt■d1ctlon. exclu■lve of tbe ■upertor ooun. oC . .
action• of oootract. tort. or replevtn, wbera tbe deb\ or 4 demanded or value of the p r o ~ to be detalaed ca- uoeed aioo. and OOIHl11ffmt J
wt\ll
.upator - ' .,
such aotloo■ where auela amouat exoeeda a100 aad I■ 1 - \Ma . - .
Polloe and dlatrtct OOllrt■ ma:, In their . .PNII ..... C19UU. ~
tbe ■ame power,, ■hall have tbe 1&me Jurladlc:tlon. d-nl ead cr1..-i..
and shall perform tbe •me dutle■ and be ■ubJect to the ■-- l t a ~
u trial fu■tloel. Tbe wpreme fUdldal court ll■a orlllllal ~
In all eqult:, matten and may on appeal bear all mat_.. ~
b:, the probate court, and determine qa•tlolU art■loc wader 'll1JI■..
Supertor court Ila■ Jurisdiction where tbe amna, olalmed ~
U0. Wnnlc\pel court of the Olt:, of Boeton Ila■ J:.1:'cUoe rent!:, with the superior oourt Ill tbe oountJ' ot
1k. 'Ill ~
where tbe debt does not ezoeed u.ooo. pro~lded or more e6 tar
defendant■ reatdea or bu ble usual place of bu■ln- la \be co-IT .,
Suffolk.
Land Coan Ila■ e1olualve ortirtnal Jurtadletloll for ~ l!llll
to real e■ tate under tbe Torren• 1)'8tem, and ot W1111■ ot -UT ..,
petlUoDI to clear title■ to real •tate.
fl.:=o:J'
=:i ~f
*
be~re:1~~4:i~:·a ~ m = ~ ~=:1i.u.::- ~
~:-.:
country by the court In which the caee la !lelldlnr. or
may ~ . . by a comml••loncr appolnt«I b:, the trovemor for tbat i , u . - Every depoettlon taktm nnder a oommi.ton m1181 M •pcm ~
lnterrocatortea, to be exhibited to Ule adv- pan:,,. all4 ln tcn-osratortea ma:, be Died b:V blm If nettller pa~ to llte ~
Sbllll atlead at the taklns of tbe depos!Uon or be ~ - - bJ
attorney. Oral examination 11 allowed If tbe eoe.,._., orden .
D••- and CQrtaay. A wtfe la enUlled to do- la 1111111 aa. •
at common law. A buaband ahal1 on tile daalll at ._ WU. llold third or her land for bla Ufe, tblll lnterwl Ill laaoWII . . -"-F- u decea•ed le■ ve1 no laue. tbe nrvtvbls lauabaad or Widow . _ . IYI
S6,000 1md one-half of \be remalnlDc na1 .iate a.ad ......,.. ......,._
tr dcre.._.ed le■ ve■ laorue, the ■urvlvtnc laabaad or 'Widow ~ third or 1be remalotnc real - t e and pc--1 pro~. lr 4 - '
t,
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RANKING AND COMMl'HCIAL LAWS -MASSACHtJ~F.TTS
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•h,. r- th,. 1 lay l , f ma'.lJ....,'.\ ,._ 11 . ,1n S •in, t""' or" hnl\ , " '' thf' ln•1ri11111"n\
ln•trumruu f11lllnr
: P•raMf' oo thf' nrlt •11N'f"'rdlnc- ht1•1!1f"1l.• 11a)· ,
1..;r on S.t 11r,1"y ano t.i, ,,..,. pr ..,rotr-,\ f,,r f'i"} mf'n\ cln thr' hf'lt ■ UC'
~11DC' t 1 ·1 ■ 1 r: -- tffty . w-,r,. tit thft~ thPI(" "" ' Al d i' nn tlrniftn•1 may " '
Of't l':)t) of \hf' b ,• l r1f"f t•fll> r : r• .. n t,..,I fnr Plll"lll,..·Q\ t,rf,1 •r I: o 'doc~ W>OQ
•C ~tu ;,.t.,y . • t.,.n t bet " 0~1r1" ill\)" h n ,, \ & h nltol l\r
, Thr AC'r .- p t.a.a~ nr • •11:1 ,, f ,.,,· h,:l rr n 11•1 hf' In • r11lnC' •n•t ,11,u•ic!
Thr 11~1\•N: t.a al t,, wNJ l•f'nt)·• rour h<1un aftrr pr~
Y th,. dr.,,..t"I'"
•t?tl"",rf!.\ \ o &~flt t h - MIi
,\ ~,.n • f,lrr ! .-n t, ' \ I• ,tt111honorN1 hr n,,n-arr.,.pt.anl"'C' II rnuat be
frnt""'!...-J tor n, , n •"•....,,,.pt.au('llc. lf DOI eo prot~\N \.be drawf't aod
la -1,ira,:-,, • r r ,:1, ,·, , .,.,..__ 1
A. n..-., .ttJ\ ! tJ.- P~ •:n'. • .... ry ""'f' 1, an ,1nMn<1 1t 1nn11~ rrnmt•,. \n W"!1Hnr
p,rr-; ,n ,,., All" t tirr . •1..- n ,...,1 lo)· thr n 11,lo.r-r . t i , " " ' t•D ,1r11111n11 or
6
" ,: hf", ii I• a
~ ( '"' 1 t m r " • 1Jm nC moory t('I 0,11..,r or !O hf'l\lrr
~ chtotk
O ••.:••-cf' u, • ....,ll OD • banii. pa)"able OD demand
!; °~,.
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BANKING AND COMMERCIAL LAWS-MICHIGAN
1360
ltock, tor the beneGt of depoattora. All tr&Dllen of propenJ, UII
payments of money after actual or contemplated l . l d ~ to ,..
vent lecat application of &sset9 null and void; total llabWU. ot a,
borrower &ball not exceed one-tenth part of the wllole capital 1M
aurpl\19, may be Increased to one-llt\b by two-tlllrd• vote of d " - :
not to lallUe certlflcatea of deposit tor borrowed mone,' DOC maa
partial paymente on aucb cenlflcatea: not liable to de-1ton for PU·
mant or a fonred or rataed cbeck uol- notlfted wllllm Ulree IIIGDOS
after return of voucbcr.
All ~ of bank stock &ball bo a.-1 anlnst their o.,.... ta
tile towllllhlp,_ vtllage, or city wb- tbe baDli; ta located, tasa •
paid by atocldloldlft, bank's duty to pay.
Trust depo91t and aecurtty oompantea may be tnco!]IOrated ..,._
tbe ceneral lawa of tbe State applicable tbereto. Seven or persons may U80Clate to establlllb-pltal IT&ded from 1100.•
to n.000.000 accordlnc to population of Clilee wbore conduaal
deposit wttb tbe state treuurer 60 per oent of tbe eapl\al In bonda or real estate mortcares worth double \Ile amo_, ~~~';
~::n="lll&ll' for trust compantea. Tbey _ ,
SYNOPSIS OF
THE LAWS OF MICHIGAN
REL.-\TI~G TO
BANKING AND COMMERCIAL USAGES
l'repared and Revtaed by HENBY W111<eca and EDWABD F. WvNaca,
Attorney• at Law, Detroit. IUcblcan,
=..na;
( Bee Card In Attorneys Llat l
Acknowledsment• of real estate Instruments may be before one
or Ule rouowtnc omoen: 1.-Wltllln Ulls State: ADY Judce, dork
or commlaslooer or any court ot record. notary public. Jll9\lce or the
peaoe or master In cb&noery. The omcl&I should oertlty Ulat "On
forecotii~ :.iA'is:::i~
~~~te~:::o:i~ni=ywt~":~ieci 'tlie"
and ackoowledced Ulat he (or tbeyl executed the same as bta (or
their) free act and deed." Notary•• certlftcate must sbow date or
~~t=':~
ti!8t':i~~
~~~~is:~:ot:o~C:ta1:~~':1.'i:~~~~d':a\1J~1
Statea : Same officials aa described above or any omoer authortsed
by the laws or such it.ate, territory, or dlltrlct. or before a com•
m1911ooer appointed by the Governor or this State for that pu101e.
~~c::e
~~~~f?
oor8~!
Clertr or the county or district. or or the Secretary or State within
wblcb taken shall be attached. :1.-ln any forelcn country: notary
public. or minister plenlpo&en\lary, mlntater extraordinary, mtnlater
resident. cbarce d'atlaln. or commtasloner or coun1111I of tbe Ulllted
States. appointed to relllde therein.
Ac&tona. Common law torma of pleadlnca are uaed. but In 10me
respecta modlfted by statute. Non-resident plalntllls mll9t ,rive
security for COits.
Admlntaua&lon or Eatata: In probate court of each coQJlt,.
Claims are paned on by Judce of probate or commlalonera appointed
tor each estate: within IIUob time allowed by the c,ourt. not exoeedlu
In flM Instance one year nor 1 - than four mont.bs; may he e&tendeil
not to estted two yeanc from date: tbe court may revive oonunleston any time before estate ta cloeed and allow further time three
months to examine any clalm: an ap.-J to circuit court.a l'rom allowance <W dlsalJo..-ance or &DJ clalm. All clalma barred. not p-ted
befon, admtnlatratlon I• cl«-1 :Administration or Intestate e■ tatel ta cranted: let. to nn!T•
Inc bll9band or wife. or kin or craniee. or such one or tbem u Judn
may appoint, or aa tbeJ may requeat. Znd, to one or more of \lie
prtnclJ)&l credttora. 3rd, to IIUcb other penon as the Judce may think
proper. Non-resident admlntatraton and executon appointed In
other natea. terrl torte■. or foretcn coun trle■ C&DDot sue u auch ID
tbta State without procurlnc admtntatratlon ID tbla State.
Amdavtu may bo taken by any Judce, muter In obancor,. alerll
of ooun. Justice of tbe peace. police mactnmte. notary publlo, or
circuit court commtasloner. Anr. oath au\bortsed or reqlllnld to bo
made, without the State for use n Judicial proeoedlnp .bore. mll9t bo
authenticated by Judse or a court bavtnc a -1. and the cenutnanof au~ Judre·a alcnature. existence of tbe court, and tbat 1111cb Judp
11 a member thereof, certified by the clerk or the court under tbe - •
tbereot. It In any otber atate or territory, may bo taken before •
comml"8loner appointed by tbe irovernor or tbta State. or an, notarY
public or Justice or tbe peace autllortsed by the laWI of any 1ucll 1t.ate
or territory to administer oaths therein.
In act.Ions at law &mdaTtte or amount due on open and n&ted
accounts. attached to and aerved with procoa u commenoemeat or
ault make a prlma facle oaae. Wll- denied by the detendant'a atlld&YI&
llled and served wttll plea.
•
Allena. May lnber1t or parobase and bold aad convq penoaal
and real - t e.
~J. :'J!.'~~~~~~~r:.o w~~r
a':.:
m1!~~~~~0 ~ubl~~~rai:n:cft:~:: ~w a:/s~t°:nro~~y.w~-,:
to arbitrate. and Judcment of any circuit court rendered upon tlle
award. No arbitration or claim of any penon to any e■ tate ID tee
or tor life In real eetate.
~11::t::
cJ~;t!1J i~
toNioe;::,
c:g~:8,~~~r~';,t:o::o~
~~
also by warrant allowed by any Justice of tbe peace or Jodee of a
court of record. under the rrauduleoi debtor·• aot. when the creditor
baa commenced ault or obtained Judcment and the debtor llu dtapoeed
or or conoealed. or la about to dtapoee of or conceal property liable te
uecutlon. or tbe debt waa fraudulently contracted.
AHlpmenu for the benefit of credltora are void unleu made
without prdercnces: mll9t comprise all ot Ullcnor's property not
exempt from execution. Tbe circuit court In chenoery baa aupervlsory Jurbdlctlon or 1111cb autcnments.
Atta.-hment•. Writs may be tasued from J119tlceand circuit court■
on afflda vlt obowln<:: debt due on express or Implied contract. and
either that the debtor bas absconded or la about to abtc0nd trom
tbc State or bu 886h?ned or dlspooed or or la about to uatcn and
dl,pose of bis rroperiy with Intent to defraud bis creditors : or la a
11
1~u:'°t'J' 0
~i11ribfo~t~~tt 0 ~o~
d~y u~~e
factory •howlnc to the circuit JUdlle, but In such cases Judl(ment can•
not '.Jc r.,l.rn uu1ll debt Is due. May luue In actions ot tort ac&ln9t
~~t;r~~l't
'3~
1.~
t!':~':i~e
non•rc."-lll c1.1 t~ lu cert.alu cases.
llanlls. Incorporation ot :-Any number of per90ns not less than
~~-1~,:~:i~1~?E~ 1~ ~: . ~~-~~~ 11~!n1 aari~r'.~fn~~tbi:'vft~~~ ~~'t'i!Y
~;~, 1r; 1;)f lc:~•;~.~ 1 ~~\l":~,~~~~~~:/~()~::ru~~c~f•°' 0t?1?in
~t~~~
<"IR tlon . c-11mml~!ii lon~r or bank1o~ ,trpnrtm<'l1t and S<"cf<•t ary of ~tate
1i:.
j\~~:'~:1iic~
er::
b..,,w en· il h·at t· ... u r on:llnlt.&tlon ; hoan.l or dlrccton cllo~cn by the
~to,·"l:p'dn!"
.,o mon· th ;i n the lr~al ratr- of lnt<>rrst ln advance
\w 1rc c h ·,,<I : flit• ('(1rrt•c-t ll~t or storkboldC'rs with comm\ssloner
'
:· .t:. :,,ul r-ouuty ckr k xud n·iwrt f o ur ttm,·!-1 " }'<-1tr to he
l•
•1 1•, 11 1'\'" Pa1,e r wbcn· t-1,nk ,~ rorittuctc-d.
C'o111 rnc1 c lnl loani-,
•
:.o pe r t.·1·11t or the C'1'Pltal, on r~al t-Mt<1te ~ecuritlt"S, hy
• 1 (" or dl rn:to~. <"1n·pt
to i-;t.·rurr d,·hu t.lur tbe bank.
t <11 J1 tt}'l\hh• n~ t..llrcn,, r~ prC's c r1ht>: C"tlllllnCrdl\l deposits
ot.h :\\I
o~ 1'
1tn 1 L H1111k~ co111hlnhuc commcrchtl arnl tu-1.vlnll'S
'. , .... ,u• f>•l'it n,ite-t 11or nny hlll or 11otf.> or C<'rltlict\te
l n1r5 ~1.·11 1 ~._ lto/it tlr<'frr r,• d lo dlstrtl111tlon of :\&Vlngs
·•·•: 1
, i\
, r:~1:I~
•
~tockhodlt•r-•
lndl,·ldun\ly
llnh!e
t'QU1tll\'
and
tte for nuot11 \: r to tht.• 1t1uuunt or 1ht.• p:u ,·,~Jue of
1
Oollaterala. Stocks, bonda or otber penonal propeny pledrsd
u collateral security for payment of money or the performance Ill
any obllcatlon. upon default may be sold at public (or pr1vate alt
It so autbotUed by the contract) to satlatY \be debt: but bden pebllo
sale. ten daya notice must be riven and aerved on ple«ker or leral
rep.-ntatlve peraonallJ' or by mall; auob sale mun be- ~
nine o'dock foft!noon and aunaet, at a publlo place lD t.be t.owulllP,
olty, or vtllace where held .
Condltlonal Salee, Are vattd between the D&rttea: lf ooDIIIPlf
or purcbaaer, on condition title la retained by aeller, ta au&horued b;
the contract to sell, all aucb sale■ are valid. Tbe conmenee or pccnaser cannot make valid sales acatn■t tbe lecal oWDer wlU.out tM
autborttY or conslcnor or lecat owner. (See Llana.l <See l"raadlJ
ConYeyancea. Any person of full ace or otherwlae capable ma,
convey by deed an, Interest In Janda. whether lD accua1 ~
or not. All crants and devtaes or Janda to two or more ~ a.se
eatatea In common; no Joint tenancy, unleal expreaal7 ao dectara,:.
except 1111cb as are made In trust or to uecuton. and except .m u
are made to bll9b&Dd and wife. who tall:e aa "tellanta bF -uretJ.'
The word& "oonve11 and wanants" In the deed descrlbtnc t.be ~
and spectrytnc the consideration. dated, dulr alcned and ackDOW\edlld
by crantor are 1111mc1ent to convey \!tie In roe simple and to wanan
that crantor and hla betn and personal n,p-tatlvea 19 ..,._. d
tbe premtaes. bu lrOOd rlcbt to convey ame. 111&n.ntem q u =
eesaton tbe~f. and tbat be wtll warrant and detOlld tbe 11\le
all lawful dalma. Tbe word& "conveya and quit clatma" daly
a.led and acmowled~ by crantor are auJIIClent to OODYeJ' cnnw•
Interest. Tbe word& •mortcace■ and warranta•· and d ~ d - ' l l t (
pnmtaea. 1pec1t,tnc "to IIOCtlre the payment" and n,otUDc Ille for wblcb mon.cace la ,riven and tile notea and otller ~ d
debt aewred thereby, moncan belDc daled, ■ICDed, 8NJed DI
aolaaowledsed by crantor, la auJIICllallt and wanuca ~ Ude II
tile crantor and aplUt all prevto\19 tnoumbranoea: omtiu.c Ge
word " warrants" 1111me1ani. but Wit.bout &DY wananty. Do-. u4
bomeatead rtcbte not waived um.a wife Join• ID I.be moncac-, lie
bome■tead rtsbt w1ll avail acalnat the mon.cacee If tllore la ....,
nor It wtte Jolna In the mortp,e. Married women or hill ace Jolallll
with bll9banda lD any deed, mortcace. power or aU01119F or ocw
wrltlDC, &ball bo bound lD napeot to their OWD title.
OorporaUona. Banll:a. mlnlDC, manutaoturtn.c, ~
martae, aoctden&. bur,rlary-prtntlnc and publllbtnc. - ~
and mercantile, or a unton or the two, partnenlllp .-oe&atloaa. - t e _.t1o111. rea1 e■tate. railroad■• w
ran-,-.. oo 1111 - benefit ueoolattou. co-operative aavtnca aaodatlou. and ~
-1ettea. are reapeotlvely ol'IIUllaed 1111der Stace smeral 1a-: ~
to Ille With tbe aeoretar, of nate. antds or uaoolaUon.
Btllln- Corporation■. Three or more s,e-■ Ill&)' orsaa1a. Oat
ball or capltal must be actt&&U, nbaarlbed and u , _ , 10 _ . el\ber In money or pn,llert)' m- bo paid ID: lf In ~ must bo tor tho PUIPOIO ot tlle bualll-. and d•crtbed and 11'1 ..,.._
SPeCllled In tbe artlalea. Stooll:boldera \'OM lD pe,- or ~ Pl'OO·
E&Ob abare llu u ID&IIJ' vote■ tor dlreowra u cllreeto'7 • ......,
and I.be aareaate vote may bo d!Ar1buted for one or more or ditora. May llliue preferred and oommon atocll: or U.e par ,-.iw fl
$10 or $100. Preferred entitled to dlTtdend not to esoeed 8 Pff ca:
quarterly, aeml-an.nually or annually and It not paid be accum'Cllal&
ud Paid, before &DY dividend paid OD tbe oommon. Al'Udoa "'
auoclatlOD to be recorded In tbe ex>unty derll:'1 otlloe of COUtf ~
operatlona oarrted on. and otnce of tile aec:retarF of stak.
May ~
real - t o for the purpoae of \be ex>rporatlon and sueb u ~
u ■ecurtty or In payment of debte: manaced by not lea tbaa u.idlrecton Olio- by tbo atooltbolden &llDuallY bold omce anill ceuors are cbo-: make dupUca\e reporta In .1anU&I')" or Febna.'t
&DDuallY tor the ftaeal year lut endlnc, of tbe llDanclal OODdt\toa •
proPenY of the corporation to aecretaJT of atate: •tocltllo&dan .,.
liable tor labor debt■; tbey make all by-lawa tor c,orporaUon. , . . . .
eorporatlons orcantaed under the laWI of &DJ ot.ber atate of \lie t:allill
at&tea or of any toretcn oounu,, unlawtul to carry OD ~ II
tbla state 1111tn oertlflcate of au\llor1\Y procared from ~ fl
State: not capable of maktnc valid coDVacw In tbJa - - uaUl • ...,.
lsed to carry OD bualnesa: unlawful for anr pelWOD IO &cl U . . ., fl
until authorised to do b119ln-. Sale■ o cood8 or ~ llf
,be rlcbt or lDter-etate oommen,e not atleoted by 91&'9 laws.
Ooart1. T«ma and Jorlldledon, Ctrcut& oouna. llok1bC or more tenna &DDaally In eaob county, llave ortstnal J ~ •
all or law and equity wbereln tbe amount lD -t.ru•enJ' 11 1:w
and up-rds; and have appellate Jtlrtldlcllon from J..uot of QI
peace probate court■ and o\her lllfertor vlbtlD&la. ,1...ace •
eacb oountY have JurtacllcUon of at law lD\'Olvtaa trae atet •
11100. ID Grand Raplda la a "SUDOrtol' Cou1"' for d'lr1l-. t111111111
to partle■ realdant of tbe City. Probate 001ll1I In eadl CDaalJ' -....
Jur11dlctlon or eetatoa ot d-.cl peraou ud ~ supreme court bu final appellate Jurtadlctton trom oltt,dt. tpal and recorders' oourta.
Daya or Grace. Abollabed.
DepoolUona, Testimony or &DJ wltnea■ wlUM>u, u.e si.w ~
more tban 0fty mile.a from I.be coul'\ ma:, bo taken 4., ~ before any Judito of any etate or ot the C:ntted ~ - - or or &DT ,..._.
::1t~t~. o~r t~ro[~t!X t~~ :ru!i;i::=ion:'~ r~~
consul or consular officer. Justice of tbe peace. omoer or DoC&r7 ,..i.:a
authorized to Admlnlater oatba In tbe atate or COU.DtF wt,.,.. ~
and not Interested as attorney or cotUl9el or ID I.be eveat of ~ .,._
reaoooat,le ootlr-e itlveo In wr1tlnc by party or bta atio~ pn.-S-.
to take. to oppo~lte party or hta attorney of "-rd , sta~ aac,a.:
wlto,..ses. time And place or taklnc and otllclal betoff wbom • 1111
t.aken . Commission• to take depoel\loaa of any . . . . _ _ , '"
taaued by circuit court wherein the ault la PeDcllnc or t , ~ . ,
reitl•ter thereof. or by a Justice of tbe peaoe lD a aull
Illa A
wrt11c n IMerroiratlves. •' ees tor taklnc, certlfylnc, -1JDc aa.i llr"
wanllnit s: : for each JOO words ln dePCMlltlon \en eea.ta aad three cents. F.arh party P&>'W tor b.la o - eum1na1.1o.. ~ examination In the nrat lnatanoe.
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1161
RANKING AND COMMERCIAL LAWS- MICHIGAN
li..1 _ , . . and ... .....,...1 prn.,.r\,- of IDt. ■"'i. &n-r
a.Jmlu..,ll•UV• e1v-a.... a.1ul -.Jv•M,t.._ aa
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6th\.e &lie&
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lb" •h •• \0 b l• l .. •• \.U •l.atr ,.., ._. • . ) ,f ul IA l1l4'
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tr , ·_ r, :,.11r b u ,1,. , -1 11r
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w t, 111• an •I Q,1 b• •u• . 01 ,r ,-,.,.r \.o 1u1 b • ,! 111 ut, tf"TJ . • l 1,, 1rr \., , f &thrr
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0
Digitized by
BANKING AND COMMERCIAL LAWS-MINNESOTA
1362
P-\ma, not ~ to cbarl'I! IUQ'ODe prtmaJ1ly liable. U
pa:,able OD demalld p _ , OD \be dal' duo; u OD dom&Dd p _ ,
Wl\hlD a rouooable Ume after tauo;. bW of oxcb&Dp pa:,ablo oa
dem&Dd PftllODI reuooablo llmo after ..., DOCOtlallOD.
Fraudwooi or malor1al alierauo1111 do ooi <OOI t.he ortslDal wcrumoots ID tho ba.Dda of IDDooooi holder ID duo oouno.
Uncoodlt1ooal prcmtao ID wrtt.blc to aooepi a bill or oscbaDl'o,
avoo before or atier drawn, valid ID favor of all who l<o It upon
falt.h t.hereot tor value; holder ma:, decllDo quall4ed aooec&.:oe: u
he iak• quaWlod acoePl&Doe. drawon aod IDdonon are
nred .
Prci.i of forolp bllla of exchaoro ma,. be made by a ootar:, publlo
or an:, r.pec1&blo reetdoot of tho plaoe of pavmoot ID the Pl'90DOO of
1wo or more creditable wltD-; drawee la not llable lllll. . ho acoep\8.
Chock or a bill of exohaDl[O OD a bank pa:,ablo OD demand, muat be
p-ted reaaooable time after la8llo, and U dishonored oottoo muat
be stveo or.drawer la dlacbarred to exieo, of loa oauaod:doe11 ooi
IIO\
rr.=pt
-=~it11lJ.Ul, 'h:r:;or-a!.~~~'di:!~:nUlll=
tlldonen are dllohaqed.
SYNOPSIS OF
THE LAWS OF MINNESOTA
RELATlNOTO
0
1.-'
Tho
DOIOUable IUUWDODCII law or IQohlpo took dOOI
Sepl, 1 , 1806, &Dd repeala all act.I or pana of aot8 IDCOUl.llonl Wl\11
~~~lli'::.
d:.: r:~ a&p~.:osa:::u=r::utt·r:c:r:.t=
eumtoaUoo ID ever, doubtful cue.
Power of Attome7. Almon ever:, aot that &DJ' peraoo, firm or
corporation may perform, may be performed by &D attome:, ID faot.
Coovovanoes. monpire,1, or 1 - - tor more tbao t.hree :,ean' term
b:, atiome:, ID fact, the .Power of attome:, muat be ID wrttlDc ll1Ded,
eealed aud aelmowledl[Od 8&1110 u a deed of l&Dds. to be admitted tor
record or to proof \hereof.
, Proha&e Law. (See AdmlDlavaUoo of EatatN.)
Pro&eat. (See Necotlable Iutrumeota.l
a.ple"1D. Gooda or oha\toll wrolllfull:, taken or dotalDed m&I'
be replevlDed by oWDer or pan owner or l>!U'J' entitled to l)OlfOllloo.
Allldavlt of plalDtU! or aroot DOOONa?J' tor la8llo of writ. It from
clrouU court■ plalDtlll req11lred to ctvo bend with aullloleot auretloa
to \be omoer wtthlD tweot:,-four houn aft.er eolsure and appraisal or
t.ho prcpert:, wblcb muat not be delivered to plalDUII wttblD fortJ·
olcbt hours: and ID tho meantime If the detoodaot lba1l rtve au.lllcloilt
bend to tho omoor be aball returo the prcl)Ort:, to tho aamo peraoo
from wbom be took It; ID that If plalotll! reooven be may reoovor
OD the deteodaot'a bend; If be falla defeod&Dt may recover oo plalD•
UJra bend acoordlDC aa tbe Judcmeot may warrant. lo Juatloe court■
bond wtth aulllolent auretlee muat be ctvoo and llled ID double value
of &he prcperiy before Writ la8llea.
TuN. Staie and couoty pa:,able every year after Peoember 111,
clellvered to COUDty treaauror March lat, tbereafter, Cd If delloqueo\
t:e~f=t .:.,~r:.int:~1~~~roe:ti;To~tg.:;i:':'~li'::=: ~
ever, couot:,, and &he taxable property sold Ullder deoree or illo
oourt by couot:, treaaurer each parcel tor the amouot or taxea and
oh&riree !r.lDst aame: redeemable one :,oar Uaereaflor aod doea DOI
=.:. ':h~: ~J!~ t~=~~ta:1tt.:
.'e~ gf
:m~tfg~~
u~:-:::
a:p=~~bfo':':o~PJ'~~~!~~rr_r .rv:
and aerved. purchaser la ootft1ec1, upon due proor thereof to Writ or
111lou~i;:°I,;0
aala1.&Doe and POS8NISIOD lllll- redeemed peodlDc tho DOtloe by
pa:,meot of double the amouot paid by purcbuer and 16.00 for OACIII
parcel redeemed. City taxea are soveroed b:, oharter or b:, \be
ceoeral act uoder which oltlea &Dd vtUacee are orsalll&ed.
WWa. ()odloU.. Ever:, peraoo of full are I tweot:,-ooe yoan) &Dd of
aouod mlDd ma:, make; muat be ID wrttlnr. ala'Ded b:, loatator or b7
acme peraon ID bla or her preeeooe duly authorlaed b:, him or bor and
atloa\Od and subscrtbed ID bla or her preaence by two or more wtt.oeaaea
competent as auoh at the time. U one or tho aubacr1b1Dc wttDlball teatlfY to tbo execution of t.he wlll ID all pt,Rloulan and i.tator waa of souod mind at tho time wtll wu iDade. the court may
-!t':t~ J!
it!~!t
6t~::ie~r~~~~J'ib~
0
~:'!:1t~h.:S: 1~ea~e~et::
court ma:, admit the testtmoo:, of otber wttneasea to prove testator••
l&Dlt}' and execution and proof of tbe allfl!ature of loatator and 1ubacrtbln11: wttnessa.. Prob&te of wUI conclusive of lta due execution
and cannot be assalled collaterall:,. Forcliro wtlla, dill:, admitted to
probate ..-lthout the State. may be admitted and recorded ID ao:,
county of the State In whlcb testator left real or peraonal estate b:,
dul:, llllnr. an exem,e11ne<1 copy of aald wtll and of the record admlttlDC
=~~.:'e'd'~~':i
11~i
~~~~mrt. ~i°i>~~·:
not
~~et:,~~:!~?8:ai:
be allowed . Wills ma:, be revoked b:, b11rolnc. toartor, oanoelliDC,
or obllterRtlnr wttb toteotlon of revoklnr same b:, testator. orb:, some
r:~-;x:c~\
"!f"!11i.6~~~t~a~ug.,:~~:~r1~~~t~:
prvi:~
l':~1i:J
BANKING AND COMMERCIAL USAGES
Prepared aDd Revlaed by Eowuo P. &s.ou. A t ~ at L&w.
St. Paul. (Seo Card ID Attorova· Lin.>
Aeknewledsmenta ma:, be oertllled b:, the followtnc omcon
1. Within the State b:, a rolldeol Judee. clerk or dep111:F Cleek 0:
&DJ' court of - r d &herein. a ootar:, public. JUUGe of t.be peaa
IOWD. fllt:,, or vtllaro clerk. court oolllJDllllooer, nctaier or de<Q
or count:, auditor, or their deputlea, oouot:, oommSMloner. or _.,, :><r
of tbe lor\lla&ure. I. Out of tho Staie bU\ ID tbo Ulllled ~ t a
by a Judce of tbe auprome. elroult, or dlat.rlo& oourta of t.be U clt...t
Stai.. or of &IQ' oourt of -record of &DJ' atate. territory, or dl.nn:t
t.ho olork or a deput7olerk of IUQ' ■ucb court.a notary.a JuUoe of 1k
peaoo. or &IQ' commlaalgoer appointed b:, tbe so•eroor or Uils S:a.r
for tbat purpose. a. ID foretru 001111ti1• bt a D O ~ pubUe. or
b:, ao:, mlDlator, oharr/• d'allalres. oommlaalooor oo-1. eomm~~
aroot or other conaular or diplomat.to omoer ol tlle Ulllted St.a·c
M)poloted to ,-side ID auob COUDtr:,, &Dd depullea or Wela ollk<n
Tho form of the oertllloate ma:, be. "OD \Illa . . . ..... .. ~ or .. . .
18 .. , before me peiwnally appeared . ... .... .. .. daortbed Ill. ut
wbo eir.ecuted tho forero!D« luU'Wlleot &114 aoaowledced Uaat .,
aeeuted the aame u bl.I free act and deed." lo cue ot corp,on:~,,
1, may be. "OD tbl.l ..... . day of .. . .. . 19 . . , befOC'e me •Pi-r""
A. B. to me peraonall1' known, who being b1' me dul.,- ... ,.,
did a:, that be la the president (or other olllcer) of (name of roe-.,,
ration) , t.bat the -1 aftlxed to the foregoing lnatrumeo1, la ~ <><
::~ft~n~'!_!~~rl~id~
3,~~
and aald A. B aclalowlodged aald lnlltl"Wllent to be t.be trN! a ·:
th
~~~"=i:,1ni~·e
t~~~
there muat be att.Al"bod the certlftcato or t.he clerk of a ooun. ot ~~
of the count:, or district ID which It la made uoder bla - i tbas u,•
ldpature of tho cerUf'ylog omcer la cenulDo.
Aotlom. The dlatlDctlon betweoo aot1o1111 a, law - d ftlllt !t
oqult7 la abollabod. Tboro Is onJ:, one form of actloa. It la ca:!-.:
a olvll action and muat be proeoouted ID t.he 11&1110 of the real :»-:
ID loloreet exoopt tbat eir.eouton, admlDlatratora. UUllee ot aa ei;, , ..,
tnlll and penooa oxpreul:, aut.hortud b:, atatute may aue WIUt»t:
JolDlne &ho penoo for wb- benefit tbe ault la brcap1.
Admlnlac.ra\1011 of Satawa. Eatalol of d-..od ...,._.. ..~
admlDlatored ID probaie court■ of which there la oa• ID •ob ooui1
preatded over b:, tho probate Judire ot tbo oouoty.
ID cr&Dtlnc lettora or edmlDlatratloD preforeaoe la CIYOD: l . ~.
\be 1urvtv1Dc apouao or out of klD or aucb allltablo peno11 u tt~
or either of tbem aelect. z. It oo applloaUoo la made tor u,:,-J
da:,a aflor death of IDi.tate. to principal creditor or cn-dJlort.. ,·
aome peraon IDtereat.ed. and If dooeaaed wu native of fon,lcD oo ,_. ::-,
to I.be consul o'I' o,her representative of that COIIDU7 n.iJlac u, ·.:.,,
State. or to auoh competent and aultable peraoo u be may - ~
w.;s
r;:'~~?~"rJd
:t:,! 4.,8?4~!
~'W:l~:Uo'fi!~ .:.!~=,
wt8if:Dwffltl:~r~~nmi:; c:~~U:-etr~=~
not be Iese tba.D 111 or more th&D twelve mootba: bu\ may bt- eu.u. :,.,;
for rood OAU9e to a date not more thao otrbteeD monU. &nrr ..., • .,,
rtven of the order. OD proof by allldavlt tba, there an- DO ..,, o:,
\be time limited may be three montha. Notice of tbe order 1a r:, , a
by publication tbereof once oaeb week for three weeu ID a ne•I'> ;..ID tho couot:,. Cla.lma not presented wtthlD ttme ltmlt.S a.re t,,.-..,
Noo-resldODt exec11ton aod adJRIDlltraton may 1ue la Ulla S-..aw..
Allen 1, (See rtcbt to bold property.>
Arltltn\lon. All cootrovonl• wblob oan be tlle subJeot of a,.,,...
~loD ma:, be aubmltted to one or more arbltraton for 4....,__
ucept a olalm to &D eetaie ID foe or for life ID real •tate..
Aneat. Th~ la DO arrea\ tor deb\.
A ■ dsmnenta.
Statute■ relatlDC to 811slromeow for ~ bale3t II
erodtton are ID foroo exoop, u allocted b:, tho U.S. Baakrup~ ..,_,.
of 188&.
•
PraCUaallJ' thOJ' mu be aald to be aupenoded by t.ba, aci
Attachment. Before alloWIDC a wrtt of attacllment.. Ute t'e'e"
muat require of the pla1D1Ur a bond ID the aU111 of at t-.n a: :.o. er<
~~:"ti!.!"~
~..aF:-4:X~eC::J:~~:~f!lo~ W°J:~:r~=·a. ~l~ ~~:.;:
tloo or non-ruldeot or (;J) bu departed from I.be Slale u lie 1>,c:., ,..,.
wttb Intent to defraud or delay bl1 credlton. or to avoid Ibo _..-..,. rl
a aummooa or keeP• hlmaelf coooealed tberelll wlt.b Ulle lnt«>t ~, •
~d~;~un.f1.;i:eg~ri'.;:r0~1ai:c:=::
wltb lDtat t.o .:.~~
Bank•. Three or more penooa may IDoorporate u a bank. CU'·
tat required la SI0,000 ID town• or 1.000 or•- poplllatloia : au .,.
In towns of 1.000 to 1,600; $%0.000 ID towm of l . ~ to :.()(,, ..,:
l?~.ooo In towns exooedl.Dr Z.000 pop11latloD. Capital st,ocl,; :- ·.u1:,,
fully paid In cash before b&Dll C&D do bu•ID-. StoclllloJ<!, ,., ..~
lndtvlduallY liable for debta of bank ID &D addltlooal &mount e,c.& ••
1!~~r
t~1a:.:1~Kr~ 0
profit• must be placed In surplua fwid before &DJ dlVldeod ta pat..: ~ ·the surplus amount.0 to ZO per oeot of tho oapltal.&Dd Ulla ■llrpi,.. ::»..£
be maintained unimpaired .
Every bani< must make tot.he auperlDtendent of ba.nlra not • - ~..:
four reporta each year wblch m11st be ¥11bllshcd . Llabllttl.. &c • ~ w:
r~.~~I~ f1~~?,1:~rrg~10.'!v~~r;;:;,mt~~~:~o/'!"~""';.,~-; ~
ucet>d I~ per cent of lt.O caplt&I and 1urplu1. It must b.a..-e a.---.•
1. ~J"th~~m~ID"J;~:;b~ ~U~~._/,: ·r '. ~
!?'!-8~1~
solv,·nt t>aol<s. lo c.-.•e of lnaolvencv or vloll\UOD of Ute ba.n~!e4 .., "'
~;'~ufo"il~t~~ic1~!r~f bank& ma:, take po-ion. &ac1 -.PP'T .. »»
:,18/o'°:,rtF
~':ra~t~~
:r'~i-:i~t:f4t:: :~~: -,.~
;;1't~ ;~
~~r.~rt! %:/i
Bill• of l.adtna. Wa~hou,e receipt■ and blll1 of ladlt>.r r.,- :--•
f~~Yt~~e \r~~;~·f.u~~.:'"t'rat~•irc~~~;·~~:,:~~~l~~t~~:.t'~~ /
U\le to tile property and all r\rlltl o the eDdoraer the~
,.=
Digitized by
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BANKING AND COMMERCIAL LAWS-MISSISSIPPI
1364
ba,re a paid up aaall oaptlal a, lealc u follow: la..,_ - eoo ....
llaDW or I - 110,000; ID mlUlldpallt."9 of IOO lllllabballla • 111,000. Addltlollal oapllal
be paid ID On eqU1 mrm&IIIY la ,.:
ment.11. Orpnlsen IO iDalle oatb 111&1 \1118 la oomDlled wtdL
ayeiem or official eumla&tlon. bul all, ucepl D&Uoaal baa-. •
requln,d IO make a repori. uo, 1 - tllaa four llm• _ . 7ear. Ill
audllOr. And tbe audhor aball make requlllldoD OD all baDlm ..
tb- repona io be made u of dac. prior io tbe date of I.be reca---.
aod lllcb date
be knoWD only
blmaelf. SUCllb report.a MAil llt
ver!Jlecl aDd &ball be publlabed ID run ID a Denpaper or Ute IOW1I •
city wbere tbe baDk .. located. Rtao- &Ad llabDIU. A&D llt
11&"'4 ID ncb ~111. B&Dka oolleottDc dratta wit.la bUI ot la6I
attacbed mun bold taoda a, I - DIDet}'~ boun. Bann rtn Dotlce io admlD.lltraior or uecuior of deceuecl penom of .S...-.
of money ud papen beld for tbe d-..ecl. Dlrectora of fSVa7 .._
10 bold al I - tbree recu1ar meeUDp Mob ~ &Dd keep a - - reoord or all proceedlnp. Bv.,. baDII: wtib paid up oaph&l of •
'°
SYNOPSIS OF
*
THE LAWS OF MISSISSIPPI
'°
RELATING TO
BANKING AND COMMERCIAL USAGES
Prepared ud Revlled by Mr. 811,u W. Dura. Attomey at Law,
Jacuoo. (See Oard ID Atiorneya' Lia\.)
Account..
Sworn IO entltl• plalDtlll io Judrment, UD1- defend-
Ill• aJDdavlt denJ'IDc. 1be amdavlt muat be by tbe credlcor or
bis agent. All accouots must be lt<>rulwd.
&Dt
Acknowledsmenta before uy Juda-e, clerk or a coun or reoord
UDder bis eeal, Juatlce of tbe peace notarir publlo, or member of tbe
board ot 111oervboni, before uy police Juatlce, or mayor or any city,
iown or vUl&{l'e. Aclmowledgmente In anot.her et.ate may be before
any or tho Judges or tbe aupreme court, or any dllltrla Judge or tbe
United State!, or a Judge or tbe supreme or auperlor court ID any at.ate
or ierrttory. uy Justice or tbo peace, whoso official cbaracter aball
be cert.Wed io un er the_, or some court or record In his county.
or by any commlllsloner ,...,ding ln aucb state or territory. appointed
by t.be governor or MlsslMlppl, or a notary pubUc or a cleric or a court
or record having a seal of oOlce. Acknowledgments or proof or
dNda
propert,y ln Ibis S\ale by peraooa ID a foreign country may be
made before &DJ' court of record. or tbe mayor or cblef mactanate
or auy cit:,, borougb. or corporation where t.be rranior or wfcn=e•o1\::l!Ys!:~'."'o:,cr~or:n:nr:nn::r.af~t.ed~. ~
retary or legation, or consul or tbe United Stat.ea. The certlllcate
aball llbow t.11a, tbe party or party ud wltn- were ldeotlfted before
tbe oOlcer, and tbat tbe party acknowledged the uecutlon or tbe
lmtrumeot, or tbat tbe uecutlon was dill:, proved by tbe wltn- or
wltn-. Acknowledgment must stale tbat pa~y "aclmowledged
tbat be nDMd and dcUoned" lnatl'UIDent.
AcUona. All dtatlDotton u io forme abollabed. Servloe eve days
before recurn day. All aottoo tr1Able ID tbe ctroull court a, Gm term
In wblcb tbe defendant baa been peraon&1l7 1erved wltb proceaa tbll17
daya before tbe return day. Mandamua. quo warranio, mecb&Dlc:1'
lleoa. attacbmenta. ud repleVID Ul.able at return term on Gve 4ap•
notice.
Admlnt ■ tratlon of Batatea. Had ID obancery coun. aooordlDr
io wtll, If any. Claim• aralnat deoeued mun be reirla&ered wltblll one
yearattertbe llnl publication or nolloe to oredlion: ~ration aiopa
:1.U,~~b~~teo~11!'c'!::.~~lal~
paid pro rat.a.
Affldavlta or Oaths before a Judre of any court of record, cleric of
aucb court. muter In cbancery. member oft.be board or 111pervtaon,
Juatce of tile peace. noiary public. mayor. or_pollce Juatlce of a city,
io . . or vlllace: In uotber etate by any omcer tbereot. or or tbe
UDl"'4 Statea. autbor1&ed
admlDtater oatba.
AUena. No reautotloaa OD tbe rtrtaca or relldent allena to aC!(lulre
propeny or dtapoee of It. Non-reeldent allenl O&A not bold land, bu&
~~.::.
'°
Chattt•I l\fortsases and Deeds of Tru•t may be ezecuted UII
recorded aa otber morta-aa--. Foreclosure la usually by trusi.re·•..,
It property be removed to anotbor OOUD\Y, mortira,e mun be ~
recorded wltbln twelve montbs IO atreOI pllJ'Cbuera wttlaou, IUICla.
Mortsaa-- on property IO be acquired are valid. but no, 0111 a cbaariac
eiock of (09ds If tbe manra_ror remain IS ~ O D uad eoobualn-. Reservation of title by the ael1er or a obancl to purcbaae money ta valid lfltbout reoord, even aplon 1>11rcauen
wttbout notice ..
Collateral•• General law prevaOa.
Conuacts tor ale or l&Dd. or tor , _ for more tba.n one year.
be In wrttlDC. &me In reranl to ale or cba;.tela o1 Ule val•.,
more than uo. unlea delivery In wbole or ID part la made. o-lJlr
ID futurea la forbidden &Ad a &'l'Ound for attacbmeot. GamblL&c uacta ud ordlDary con,rae\a made OD SUndaJ' vold.
Oon•ve7ances. May v•& Utle preaenll1 or Ill future. All In land ~ter th&D for one year mua, be by deed, aDd to atreec PIIJ"
cbaaera wttbout notice muat be recorded. F.tt.ac. tall prollllll\ell.
except tbat a deed or devtae may be made io a lllooe9Bloa of U,_
doneea not uoeedlnc IWO and to tbe betni of tbe bodi of \be,_..
derman, or, ID defaUlt tb-t.
\be ndlt beln or u.-, donor ta ,_
Corporations convey under seal. ln all ol.ber pr1va1e .-II
aboltabecl. Oonveyaoc. or devu. to two or more. or to b......,
and wife, create teaaaoy ID common. Rule ID Sbelly'a •~
Remainder~ wltbout particular •tate. 1be worda "rraD'- _,..
=ie I~~~=~ ~oard':'~'Jba~cfnD~·~t!-:.-:
reneral covenanc or wanan,:,. 1be worda "oonny &ad wanaaa
epeclally" operate u a waff&D\Y 0D17 aratnai Ille '"'8Dtor or i . .
clalmlDr under btm. A qullclalm deed bu p,.otloally t.be •me . - . i
'°
'°
~1
::~:ive:t~:.-'°.l:
l!:~:~:dof":.~m~"J8:r
aa.ooo
::tt:~~ ~~=.:.; ::.~~
Arltllratlon. Partlel 111&7 nbml\ to arbltratloD of one or more
dlalDte..ced arblua&on, wltb acreemeot tbat proper oourt aball eater
hadrment.
Affeau made by certalD o1Dcen. or private penona may arreat for
o • - oommltied lD blll p,-ce. No &nelta or lmprtaonmeot for
debt.
Aaetsnmenta and lnaolvene7, No lalolYenl law. DeblOr.
tb
b luol
ref
edl
U tn rood faltb
d
beD ii,
d ~ or
m:y
N:':rovta1oa ror tbe
!r
dobior OD hta malctnr an uatrnment. ID ceneral -ICDmenta. wbere
.,..
'
•
b
bo
d
d
ad
m•...e value ea......,.., 1,000, t e autrnee must l!lve n au
m .. ter
the truat ID cbaucery. Preferenoee not problblted. PractlaallF nper•cded by bankrup& law.
Attachment. Ap,lnat
debtor wbo ta a non•realdent or wbo
remove,o or I• about t<> remove hlmoelt or property out of tbe State:
~ho so ab8condll or conceals bhnself that he cannot be served with a
rummons; or who tncurrod the debt in conductlnl( the l>11sln- or a
abl
._.~.o'rorwhoo~~1~a9 1eror crdt",'!':..'~- ~rmh~-oprrotllpoertna1 v, lorg"llsolemwea~
0 r P, st-,n
t.blll 8 - ~ ~··
,.~.,," "'
...,.
1918
0 oi;.e:•~..;:}~,P:i':,\':,t{n~I~~:,~
be concmls and uoJn~tly refuses to apply to the payn1ent or bis debt.'(;
or who baa convert<X.1 or ls al>out to convert b!JO proJ><lrty Into money
or evidences or del>t, with the Intent to pll\ce It boyood t.be reach or
credltora; or who bns fraudulently contracted tho deb\ or lncuffed
tho obll1C&tlon for whlrh suit tu,.• been or t• about to be broul!ht. may
1,., ntt.achod.
lo add i t inn to thoc<0 n11111Pd above. the following l(l'Ollll<h
'°
~tacl:rre a
a
:f'~ '{," ~~.,,t.t;> !~•~
i:i:: l~f".':~d ~e
t>:tist: "\I. That- tlw t1 .. r,•ndaut ls h1 1yinc. selling. or dealing in, or
has within sh: mouth." n, ..<.t bet't1ro tho !<-1Jing out or the att3Cbment.,
11iroctly or lndlrP("tl)·. boui,tht, sohf. or dt-alt in ruture contracta, com-
:;d~~:~ ..:;~,~-~~
it . t,,1 JocatOO wit.bin flh.tJ da)"fil aftt"I" tbe daW or thfi dft!d.
If any c-,,rporation or otbt'T fK'"r"SOD &ball b&Te acqulrfl,J a.a,· ,,,...,,.
till<• or inwrn•t In anv land ID , -lolal-lon or this AC't. \hey ..._,, 1... c snlnxl by a suit broti~ht by tbo Attonl<'Y Ueneral or c.be ~tat. ,v :
~~t1~1~~l~~~~,~~~1~~'fl~~"\".h~v 1\1!~1i' ~g,~;:ti~lO~l1:'·d~>~~ ~ :~
~k.:{~~~d~\~:•~ (~
-., h•~lonlnir bu•lnros •Mb l,ank or branrb bank must
=~mm..
't,~~r:J~~°t:! 1:irm,:::sa~~,eed..:.
oouna.
1,hat tw nr It• WA..~ ino;oln:•ut. or ha..-. mn,tc or µnhll-..,bod a fal..;e (Jr frnu•lu•
lr.:ir. s\att•1:wnt. ac.. to his or its flnanc..-ial f'o11ditiun . •• :\tta•:h 111t•11t-s fur
(ld,ts uot. <1110 allowt1i1I for last sh: grouuds---or when the crc-:litor has
jw..t c-.:,u"t~ to hdh•-.·e t-hat tho <it•htor will remove lunL-;df or his e;,:rcct.s
••Ut nf Stat.• hcfort' deht wlll be due. witb tntont t-0 det"raud . :'\onrf"t,,id,·nt cr,,.Htof""\ bnve thu same rl~htll or att..\r-hm e nt u M"'Sidont
1·n-.li t ◄ 1r-. "hdtwr tlto ,h•:1tor he re,.,ldont or non.ru,:.i<lf"Ot.
Plaintiff
rnust fnrnl -- h hnmt douhlo t ht' dot.it f\lHl m:\.ko nllldavlt u to one or more
11rnu111L"'.
~nit 1l11t-s not ahatu on n ~rt11ct. fur dr·fornJ,uu.. on a ploa drny...
uu: 1.trnumt••.; hut Judl-!11 ,f'nt on tho lkht. t,o ho utT~ot by tlama!lf-:.. iu !11,·or
~•f d• ·•·,· 11 •1:rnt r,,r wro m::fully t.uinll out f\ttaduucnt..
Anr crodit.o...,. may
mtt•n·, -. u- an<I •·jmto,., • ..:round of attad111wnt.
' ' \'
mP"'., tnn,_c,,:1'!"nnt co·e,r,.yt on "c111,1 "~,"lhn•t tbeAplrol pelrty, orl dd~bbta
- " "' ,
)<11cou nl>!' < c tor.
rn s ncqu re
r
" ' It for tbc •drnro or ~oods la obtained, boud Ill re-
J:~o~
0
~~~~~tl:!ie
~
tbe atiomey treneral tor bla opinion u to tbe ooutJtuU~ aM
lecalltY or tile propcaed corporation. after Wblcb It ta referred co c.
rovernor for bla approval or dtaapproval. Tbe roveroor I l l - lt io tbe eecrotarr of atate wltb bl• action eodoned t h - . D ._
approve It. tbe aecretary of at.ate llball record It lD bta omc. __.
oerttty co tbe aame record•. and tranamlta tt to tbe appllcan1L ft
must be recorded In the office of t.be cleric of \be dlarioery - " .,
&be couoty In wblcb tbe oorporatloa aball d., hualnea. Wldlbl llldlV
days after the orranlzatlon, tbe corporallaa muat make repon et
tbe orcanlaallon
tbe eeoretary of state. It 111cb n,pon be no, ,....
tbe clianer CT&Dted •hall be void, and all penou dolnc ~
tbereon llball be deemed partner. ID tbe bu11nea. ud liable u - 9
Corporatloas thus created P08le9 tbe pcwera-' aDd ......_.
IO pnvate oorporatfaGII ..,aerall:,, but e&taleDOe la rMirteled lo lftl'
yeara. Corporations orealed u above Damed may bold proPlft7
n - r y tor tbelr p u ~ . not uceedlDr one million doll&n.. m.aa•
faoturln&' oompaulee aod banka excepted. wblcb ID&Y bold pro,perv
10 tbe amount not ea.oeedln&' cwo mllllon dollan •
l'ndor tho laws J)&>,."'<'<I by the LNlslaturt' or J913 all corpo,-.Ut.-- ....
whet.her dom..,.tlc- or rorM,p,. ar" not llllowed t.o &<'Quire tit.., tn r...
or for " term or yean,. to, or own land tor agrt,·ultural purp,-. •·
thi, st.ate outside or an hiro.-porated nty. town. or Y111ac~. _\ ,.,~
puratlon may be IE1MOr or It"<....,.. tor not mON! than twNny ,._,.. •
as muc,h a.• 10 ooo aCl'ell or lam.I to be used for agnrultura.1 rurr--~
but, an:, •uch \,_ or contra,•t shall n.,t ~ mul'......a or e u ~ ~
..,. to authorize t.he holding,, or Mid tandg for ano1ber period .
Thi• law dOO'I not prevent corpot"&tlon.• rrum taktn,r d-19 nt ,....or mortgafl"' on ...... , ,..,~tc to °"""N' loaIL• or debts, or ft-um M"qu..n"'
0:.'~',~0~~ero1f~~~·~:
arqulroo m&v ·1,e usocl and op.,..3tt'<l nfT"' f0rtll'l01tun, for an ~ - •
tuml Plll'J>OSOII during the time 50 held for not lon!IN' Ulan , •..c .
Y''""'·
It ltO at,;o the duty or tWN'Y ".'Orp()rlltl.,n that !<ball ~ in,_,
In or tltlr to land In thl• Stat.- to fllp the d-1 t<> ,.,ne ln tb-· ..,.nf tlw <'hAnC'f'ry rtcrk or t..he munty to " ·htrb fnlffl land . or a 1 • .., w
~lc=•~~e~':Tb:lci'f:?~
pc-r IO NII io a dtlllen ID fee: or be may retain lt by beoomlDc a
oltl&en.
A•peala from Jllfflce court to ctroul& ooun wttblD ten daya. From
.., _ _.t
_,..__
-. io
-....... ID cw0 y-00..
........
and ......meet}'
-aup,-e 00u •• w,.,..
-•·
Appeala allo ID oerta1D from board or 1Uparvlaon aod muolelpal
~ni~~i~L~1:\r
:~:.e:r I~~
Oorporatloaa. CorporaUons except for tbe oonsc.rucu.. aac
operation of a rallroad otber tb&D atreec rallroada. and ~ ~
on of an lDlllraooe bUID.._ other tb&D mu1ual ~ may 1W
- " ' 4 under a ceneral obarter.
.. ·-4 , ·•
Application for obarter alCDed by eaob or tbe 1Deorpora1oa _,
aolmowledpd. It muac tben be publlabed tbree _ u , . . . __..
ID a newapaper publlabed at tbe domlolle ct the p ~ ~ - -
'°
rnonly calloo 'futun-s." Ill. Th"t h" Is In default for public rnoney.
a..~~in~tr.~'f:
~7\1~;~'1:!\~·ki~!~Y~-o~;,~~~n;~
or <'orporation. nn,t N'<'t·lvt~ dPprn.its or mo11 e v. knowin ~t at Cltt• t11,1e
=~ ~:==--:o~~ID~~fn:'..::
renerally perform tbe duel• or a trwit oompaay; ma7 - ~ •
apecial mutual loaD department: ID auob depanmeo, IDien.t oD i . .
• not
uceed a per cent per annum. Buk DOI permticed 10 . . . .
""' uae or tte name by oi.bers ID maklog loaw,. TbeN> .la no S<a·,
Bank Eu.miner.
'°
1nJ'::!i. r:c,~~
~~~=-
'°
1 thi..; Stntt•. l\nd thH t·ou 1·t ~ha.JI tbeN>at"ter appoint a ret""t"i~ ,., i..a...•
cbar.::c of all propert~· in this ~fate bt.,lonci.Dg to such C"Ul""p,CraUcm .,
~0 hd<I tn tnJ--t anti to 11i~J ►O:--t' Pr the same under unlS" ot I.hr c:,:a;.-:
:,wt ;,fl Pr puyinll all ,h'hts oft he 1·orporatlon and &II Cl~ aDd f"ll.&...,...
int"idr·ut to AAl<1 NOit. the rt-n,alndN" 'ih&tl be paid and ~bu'r-S ,.
tht' st-od,holdf'nt.
This :\,·1 do(\'li not affN-t thf' rittht~ flf csb•t.ln,r ciorparat..,.. ID u.,
Star,,. but 1,-. I>''-~ to prev.=iint a monopoh· in aarlcuk11rd ..,_..
Corporaelon■ may Caire a lien on p r o ~ Ne.I. or Plf'9Daal.. • •
l"T'f-11.ter amount tb&D t.bey may bold u & eeoarltJ" for a 4lebl.. tr ....
I Rball be held for a Jonrer ~Ttod tbaa ten ,..,._ Sta ~ . . . ,
1
tndlv1duallr liable tor tbe deblS t.be oorpora'lloD OOll'tl'aOt«lild: d'lallW
I bis ownenihlp or atock tor the balimce Ula\ may rema&o ~ bl'
k
b crtbed r
d
ay be n.ed bJ Ul7 cwedltor ~ &19
i1~i1e ror ~be wllt~r.::m:a.
eot or tor alloWIDS •Dhal ......,_._
while debta exist. Corpora: under tlle la- ot o ~ . _ _ • fl!
toretrn countrlee ma7 ne ID Ulla 8'&111. ud MV9 lite , _ . 111
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Ooe bun ,trc-1 h 1u:1,.le c-,t rott,•n •f"f'>t1.
Ooe •ac,~n an ,I 110n hucirY o r'"'"'- and oo• lf't of hafT\f'M ror Mt"b.
t·1 v f" bun ,tr,.,t r,un -11f"11 of to,l,lt'f .&nr1 on• thn11•.-in1l pV\AoJa of b&J.
F on r ra : lnL • nf ... r .:011m 01' mn !I\Ufll or can~ IJ'NP,
1
•••-1- lA'C'&I ,. .. • i-r 01P11t IM'f unm. bllt panleo mar c,oa_,.,., lfl wr1Unc f ,~ IO,....,. t'N1t lo Ja.n I. IVIJ . all,ry Jan t. lV1 .1. fDAY'
")lltrw"l ID •n t ,1~ f!JI Pl ps C:811. •hm DIUl'9 .. .Upilalal or (."'&Ji&~
Ml u,....,_ 11 rurr.,.,..i
l••s,n•nh aeron.,...........,. 11..... .,,..df'f...iaat·• ·pror,,ny...,la
I.be ooun,y
A Junior fu ,lrmeDI c-rNJttor mar ot,1.&h:1 prLort\J •
to
propt'rtr 1,-v1N1 on hJ hlm . U. after 1•n daya· DOUCIP. ~ eraLor ,..._.
ID,..,, °'""'t11or• ta.JI IO laue ••,.ruUone and potat 0111 U.e proPll"IF ,
1,.1.,. oC Ju'11'W•a1 CIDDUau• NY.,. Jean.
l"'1N141UoD. IS. CouruJ
U.na.
I.kn of u, earoll...S Ju4rrn"•'- of 111eob&nlaa &D4 maW>r1al
nu•o. ot lan ,tlnrd and la t ... 1rt-r on a. 1lruhural pt°'ll w \a. lnnk""l'£Mtr ·•
&.uJ t\&lJl f'krirprr • Urn . Thtt H'llf'r or c ,10tla u . ay entorae Ihm for Ole
g~t~h:!,.:h:, ::~•h.1~-'i'i',;'•~7,{ 1:..u ~ ..h~•r~~~,,;,~!~~ ':! ~~• a~\~~~,°!n~
• ' I.bf' ,•,.,r11111f"n""n1 .. nt •ult. a1.a1tr,« th11,t the vu, .-h .,.. monf'r U unpaid
A writ of M"l&u1.- t.. uN. a.1u.l lhe Ct.>o,.11 are t.alt.f"n , 1 ttle to penuD&l
pm(W'r\7 may he r...-nt'II 1, , tbr er ::f"r at .... -,u1t,- for thr prloe. and
\hla la coo11 eYNl M •~"toa, • 1ubN-q1.1eol booa Ode pu.rcb.&Nr. wti. ...
O\l\ ao, wr1tlol or recurJ.
Llmltallono. Of"'n ar,,nunta. al"fflontt otatf'd . and nr1la1 - ·
trarta , tlLH,,.. or ln1111tr<1, UHN' )'f"&iw . all ottlrr ,·ontra<"\a. •Is ,,_n;
&WAf l h
of a rh ltrat ,us. 111 J'Mr-9 . Ju.i,mr r,i. an ,1 ,Jr ... ,,..,.. r e n d ~ ta
another •t.ate •r•tu-t '"'' ll rn, of thla. th r N- Yf'&rt ; ff'ndrred In thla.
,r v rn Jfl&J·e , rtJ1.I a c ! lunc . \('n )· r-ar ■ . Acth>u• to tr ....,.1 , ·rr prop,t'rtJ
10l<1 und f"r or,t,-r or C' h.'\ n l"'('ry ruurt n111•t be brnurbt wttlltu t•n ).('Al"S.
where poa.•f"a..•t n n LI t,al.,-n At 1J v urC' ha!t"' mon"}· pahl lo l"OOd fallll .
\\"brn tbc lr,al t lU<' to 11 rupct\y o r t lirbt tu 1H t t,>o l• ln An rlfll("'U\Or.
~t~:ao.;h~1 o,,~~~~~ru~t~~:~~nc_~7;;,n'b~!1~,.~~~~11~1~~!~!1~. ~
r•-r.,.., 11 1IN'••a.1u'() llmu•-,t \0, y,._~ (r,,m date
nsN'"utor on d•lm axalnfl
<;,~~;:;; ,\
11:: :.; .1~
Au ••·l.no "h'"li.: 11 u•nt or llt•\111 pr111111'lil0 IIIUAI l"'· In wrl ! ll1S .
Hta t ut,• tt, .. • not run durhnc fr;111,l11h•nl f'ut11"t-&l111onl , nor a..:.:.ln•t 1nranC
nil' p-«llt1n 0110 ('\11111"'"• n,•ntl,t . uor ac-a1n"1 a ournlrl ln .,. ·tlnn.11 for
&N-llult . 1"11• . until n.flN' rf\lt•AN" . n111' aga.Jntt ~late, rount7, muutcJpalJty.
cw &llJ puU1h·al AJWa, uw.,n ul 1'1,t.ate
~t1\\~~6::!\~·;~:~•~~~,,7;:~ho;-'r:1;:;;.\~; ::'~ 1l~tii1~i"~~~rka
r-,q .. ,rati,,n!'I.
l\larrtNI " 'om•n ret.alo their ool&te. common law dlAabntUea of
One tt1n •i \..\1 .• l 111J\ , .... or ■ 1 1,:11,r <"A:J(' .
c,ov~rture 11hroc11tr-d : have oap.aclty to nH,kc <Xl Dtrac-\."I and do aU
, ,ue- ·: .,1 :..., .. r: 111 mi.; and eo.1u tiuu<'nt.1. oot eaoeedlnc ooe bWldred ud
~;:J 1~n'J"'~~/~~m~~tPJ~f~c7[ ~~\'~~-~~~•~~ ~~~t,:/~~,~~oe:::::
(!'\N' al•o Hu,ll&Dd ao<l \\'lie and ll<'SC'eol.1
1'1orta•••• and 1 nut DeNI• do oot take tiff~ &.I to creJltora or
purch••r l s ln «oo J. fl\ ll h AU11 • ·lthnut 0 1.. •tlc,c uu t U thf"). are ddi\'ered
cr1Ooe
..~01('g•:/~1~~
~t~,/ .~n,. Mddle. and ODO alde uddle.
',• l nlf 1•: 4,: hlti r
Uou,,. n,)i ,1
dre-,.1 l.1,1 1. Artl
&Ail
lr.1 tcbea turo11ure nol elGledlDC la Yahae two bua-
All ra :i. 11 :, "°~rail• .
Ooe wo""' •n •I rahf" tor cuttlnr and ra t hf"r1nf b11.v or rntn .
A.aJ tr. (! f o1 : ,,w1nc p:-,•ptn.J ab4.&.1 be e.a.o,upt Cr~m prnLallwenl or
0U1f"r ltt .~1 pr o<C'IM . io wa
The •"~('1 o f C", ('f}. l a t_),J"'r or o,e,ninn wnrklnf for Wftl'NI . bf-lnr ttte
kad ar a C.a :!, l ;)' . t..o tb(' am ou nt of nr t r 11,111an (lt"r m ,,nth · hut thla
~,.r:~~~.~;}!~ ~ 1.~o":\1':S.'; ' f,)'>t►~1;~tt:n'dr11~~~
_a.oJ loJiWll or & Jut.l~
Theo ;•~ •h ·('-tt of tn•ura:H'"f' uu pr1>v('ny , r,.A~ 11nd t't-rton~. elf'mttt
from '-'""uti ~n or aH&c:brn,o,. &n4 I.lie pro~IJI or U>e we or suob
PC•Jt',.:; Y
i ' £ :• • '•~f' to F.1t'Ctl h lr .
Ltf~ tn1uran0l' pollc1' not f'SN"edln~ fh·•
U.ou,.,.uJ J,>l:••·•· pa;. able tu th«." C".ln.:uklr. or admloWuawr. l,b&1J
to th(' C' l(' r k. f or rr0l1r , I . w\ tb put;\·,., o f ,,. 1~ 1He fu n:- do ,rd
~
~~~,:\~~~~ ~1~~r ~rd~t\'"pt~~~:"';:-!!'e Ct~~rJ· fro~~.:~.)
aa l e lD
Leu for..
~otarl••· Have po•·,r to a,1rnln1•trr <"Wllba. \&ke acknowlNtcmmta
and to pruteel nou.w aau Ulll.a. , ~ W1n-e>·a11ora. and -'ot~ &DU OULa.a
Not•• and Bllh mu.,t hf' prot4."'f'tM t\Dt.l notice r'IVN 1Uh9t.a.Dllal17
•• a\ or11nm 11 n law. to bind panl,:-a <'ntltlNI to n n \lc-e . f'r o mlaory
Dolce. un l t'M lnJors<"J , &fl" oot r't'4U\rN.1 t,o be prou-11tN.1 : dt:maad a.nd
notlM atf' Q("'("'f-A'Vl. r r to n1 l1/\t.lHt1· \)f p&rtlr11 ,e-C"nodarUv U..h1e- There
~rt-0~9~\~A~~~:
~
~! e~:11~~\e}:~~~ m~~~~~in~~Vn ~~~~:&r.~~~f t'~~~~.~t:~~
• . ,.
1
derrnJant un m .,1,;~ all Jrft'"ns('W wblrh be bAd a.:~tn,t P"- r '" '
IIOLIOII
ol -1irnmeo1 ; bll,
tbla
d - DO' · ~
Digitized
W
~i>r • ,.
byLIOogle
BANKING AND COMMERCIAL LAWS-MISSOURI
1366
lleuV, or 11&:rable ID &DOlber etate or ooant;ry wbere a dlffenmt na1e
oblaln1. Foret111 bllla pl'Qk:ned tor non-aoceptanoe or non-paymen1,
draw 10 per oent d.am&lee: bllla drawn pa:rable ID tbe United sia-.
p r o ~ for non-aooeptance. drew damace■ 6 per oent. Checlra.
ilJllfta and notes payable on demand, are not entitled to any daya of
eo~
~ ~::=i:.:k~ ~~~:U;!.~1!°: : i : e ~a: :d:Ji
or
wbere. by tile way It le drawn. I\ take■ tile obaraoier of
bW of exobann, U la entitled to dava of crac,e. Dome■Uc b1l18 drawn
•• and payabfe 1D tll1a State tor UO or upward mmt be pretested for
~~~afl!t~f'!~~b~i;;"J_O~~
=pted
Oil wbl~ &DJ' bW or note -uld be
damace aocruea, When
bJ' lta ierma p-table tor acoeptaaoe or payment, aooordlnc to lta
lerma •ball fall OD Sunday, or lepl bolldaye •ball be prwenled OD
Ille day before.
Pannenbtp. Few nalutory prcmlona. Goftl'Ded by reneral
of tnaolnnoY, partnenblp propert)' musi eo io paf
law. In lltm debt■• and e OOD'"'80. Provtalon made for llmlted or lpecl&l
partnerablpe.
Powen of AttorneJ'. May be aolmowledred or proved and
-.decl &1 deed■. May be revolted 1D llke manner. Oonveyaaoea
of land or other propeny under powen of attorney are valid.
:;-::"'.!',,,~~ ,::-t:;to:_
aal~oi::rf~o=P=:':i
l~~~~~~nJudl::.~,{°:.~p'¥':of';:n
lalld IIOld tor taxea, ■avlnc to mlnon aad penona non ccmpoe malla
a like period after removal of dlaablllt;r.
Beplevtn llel to reoover pereonal property wrcnlfUIIJ' wttbheld
from the owner. The prcpert)' may be reriored to defendant on bond,
Ube decllnea to bond~lDtltf max do eo. If neither doe■, a claimant
~~~~r~~tl::in~-lon. Damacea
Tuea. Penonal property le allfJl8e<l onoe a year: real eatate
ever, two 7ean. and tax• oonatltute a pr1or lien. Land del1Dquen1
aold on ftnt Monday of April. Redemption wttbln two yean, on
payment of all tuea, ooete, ZII per cent damarea, aad Ii per oent on
amount paid. Jnfanta and penona of UDIOUDd mind may redeem
wtthln two yean after removal of dlaabllltv, on paJ'lnc the value of
permanent tmprcvementa put on tbe laad after c- yean from date
=._~t:~.:.'!!ci~~
of ■ale.
Truat Companie•. Prcvtalon for 111ch oompanlea w1tb reneral
P G - t o admlnlater all tl'Ultll. make bond1 and tbe Un. <See
·
Baab.)
Warebouee 8-lpta. (See Billa of Ladtnc.)
Willa u:OCDtod by anyone twenlJ'-one yean old, of eound mind.
be
: ~ ~ ; . ' f t : : t. . - : = b ~ ~ ~ ~ " : : : ! ~ Y ~~
eonaltv) may be made d:~~ 1aet elclrn,.. of teef:ior at bablta&::
or wbere - t o r bas reeld';& \en daJ'I next before death. or wbere
~ n la taken slclr from home and dtee before return; ml18't be proved
1To~b~:l
~::=::""·eediWlit'&8~11
bequ1Bth personalty free from ■tatutory restriction•. No restriction
UJIOD tbe power to dlA~ or _property bJ' will oxcept tha\ rellgloua or
cbarltable tru.ots or bequ8lltAI void. Provlslone made ror renouncing
~btb~~i"f,.,b~~~«:;{ :l[~~n t':~t~:.~':"""cine~'!:!~\~ ~~i~':
NIIIDOt
take under bis wfll.
~
gr;axo~~:;1~~."ii:a'·~~~u:.i~t=:~:y~ 0
hll prcl)f!ny, or la aboul to do eo, to hinder or delay hla credlton: or,
bu failed to l>&Y tbe prloe of any arttcle wblch be wu boUDd to P&F tor
~~:..d~~o:~~~~,~1aCOCta~ thJedl~b.':tu'r::
abaconded or eecretly removed b1a propeny lnto thl8 St.aie; or. wllen
tbe damace■ auod for ar1ae rrom tile commlaalon of • felODJ' or mi.
demeanor or tbe eecluctlon of a female; or, the defendant la a c o ~
tlon wbose chief omee or plaoe of bUlln- la out of Ulla Stale. n.
ft.lalnttlr, hla acent, or attornOJ' mu■t make allldavlt to one or more al
:0:1:..is:i~ ::-4
re■181J'Jr.':'~ :i~~ t'iiS~~~tf:O&~ -::i~un~:fd=:=~ 1a a -
Banka are ortr&Dlaod under a reneral law. Tile caala -pltal DOI be • - tban 110,000 nor more than 111.000.000, and ID dt!ee .,
ll0,000 or more, not lea tban 1100,000. Tbe enllro eaplcal mast lllr
lllbacrtbed, one-half thereof paid DP OD orp.nlatlon. and \lie odler
half WltlllD one year. Dlrecton mun be reetdenta or Ulla State. no
rooeli,t of depollta w1tb lmowledce of the fact Ulat lbe baDk la ID &aDlal
gl J:'?~zr:-:i~a::,:
-.-a,
:»r~O:n:nf.!;1:'~: ~~:
are =dually reepoDlllble therefor. Not more than za per
lta oapltal ltoclr muat be loaned to &DJ' IDdlvldaal or -rJJOn.tioL
Laree power■ of aupcrvlt!lon and oonlrcl are vesled 1D tho b&nll ..,.,.
lta
mluloner. Private banken mu ■t have a paid-up c-.pltal of tban 110,000. and ID cltlea of 160,000 population or more. Dot 1 - wa
1100,000.
Oondltlonal lla1ea of penonal prcpertJ', Ullleu nmnlod. &ft .,,..
u to nbMQum, purcb&leni ID cocid f&llb and credhoJL
A person ma:, convey title to lands altboacla DOI
Conveyance■.
In pOMesslon, and althougb the ■-me be In adv- sx-fon. Tb•
r::-~:..:. r=i:,.1: :■'!:;!t~n::.a~~~ ::d:..~
tb:
~e of3::!~~~efr!!'.' ~.-rs.J11aton~~.,:_,.~=:. a~
llmpla. The -tute abollahea •tatea tail and con.-- an tall Into a life - t e tor lbe flrft tak• wttb remalllldw 1D fN ampw
to tbe hetra of b1e bodJ'. Tbe wOl'da ••grant, barplo and -u·· .,..
mtpll)J'ed ID tbe grant,mg claW141 or a warranty de.I; bJ' MaiUWI tb~~:
1
0
c,
more Pffl'IIODII, other than uecutore or vu.tee■ . or h,-band and w11II.
la a tenancy Ill oommoa ~ espNalJ' declared to bo • jolnl - - ,
!t c~~ b ; = ! , ~ ~ ~ , . . . : '~ccm!r.s:s'"!l·,.:
•
age for tbe Pl1Jl)(la8 or conve:,lna real - " ' -
~~,::.-:,n9ra1ra':u. \\~= 0:..:S:
~ra.!i'.f':o.~
not lesa than U,000 nor more tban 1Wo,ooo.ooo. On&-ball anui tit
SYNOPSIS OF
THE LAWS OF MISSOURI
RELATING TO
BANKING AND COMMERCIAL USAGES
~
g:n.!;~~c;>~:,e:1:. ~=:d: ~~!b~~~~'f: ::S =.i~
of abode ID tbl• State, ao I.bat p - oannot be aerved; or. la aboui to
remove hla propeny out of tile State w1tll lntenl to defraud. hinder. c
:ee J:Te: =~::.~e~-=::; ~ ~
= ? r : : a ~ o 1 ~..~ !r'~::1: ~~:t":r·J:n.::
~!:;,:==■"{a~~~b:.c:or~w='1...:
~v~; =:.~I
ance. AD •tate of t'reebold may be made to com11u111ce Ill tulan.
b:, d-1. An IDtereot. 1D real -te. granted or deriaed so lwo
%'r
s~1~P;,.n~l~••
*
Glrcnllt ooun. No nob UIISDmmlt opera\ee u • dlaclll.up ot
&IIISDOr from hla deb19.
Attacbmenu: The writ may Issue when the debtor I s a - - .
and ReVlaecl bJ' M,un. GAGS, L.u>D & SMALL, Attorneya at
(See Card 1D Attorne71· Llat,I
Law, Xaneaa Clty.
.A.eknewlodStnenta. Aaknowledirmenta of lnatrumenta alrecllDC
real e■tat.e may be before one of the lollowlnc oouna or omcer■. 1.
Wit.bin t.bla State. aome oourt bavtnc a aeal. or aomc Judce, Juatloe or
Glerk t.bereot. a notary publlo, or aome Juatloe of the peace or t.bo
CIOllDtJ' 1D which tbe real e■tate i. situated. 2. Outalde of t.bla State
and wttbln the United Statee. any notary public, any oourt bavlDc a
eeal or the clerk of aucb court. or oommlssloner of deeds. a. Without
tile United States. any court bavtnr a ■cal, tbe mayor or chief omcer
of any city or town havlD,: an omclal seal, any mlnlater, conaul or
officer of the United States. or notary public bavlng a 1eal. The
official abould cenlfy tbat "before me per■onally appeared ......... .
aubecrlbed and actually paid up ID money or propen;r of t.llr l'-..E
value t.bereof, If pan of tbe oapltal stock i. paid 111 property, u.n
must be an lteml.Zed de1er1pttoo, tbe actual caeh value of ,ad, 1-:.ria
~;~~~<!'~
=·
0
oe:t~~~J1:t~vt~~.'.11·&i~eul~~~in~r~~,~~
Dlr(lct.ora mU8t not he I""" than tbrM nor mor,, tban 1went:r-one: th.....
or them muat be cltlxene and reatdenta of the State. A stO<"k.ho!Gff
bavtn,: paid for bis stock ID ruil le subject to no furthn- llabllltJ'. ,:.,.
V:J>J:t.!i
:;.~~,':..~Z!,
"i'~ae~~="c:1n~~td~';=~eb!u~b~~:Jf
oannot be lncreaaed of two-third• ID value of the 1toclr ma,,. appl:, "'
the cirt•ult court for a decree for the winding up of tbe t,w,i,.__ Tba
l<B~n l ~
~l~::;i;-;:kti:'~'.!?l~l~t~lJ..:.::.~~t
ml-.•lunt!I', corporatlowi and l)&rtocrah.11>" e&rr)lrllf on IJu, bw,in-. d
selllng and n"l!ollatlng stocks. bond>< and ..,._,uritioa (a re...- aec-W1t>e
e:ooept.eu,.
Ample powel'9 of vtottatton and aummar:, action are conferred ~
the Uank Comml.,.1ont!I'. and penaltle■ of line and I m ~ •
lmp""""1 for violation or the law.
A rorelrn oorporatton mue, Ille In tile omoe of t!le eecr-eta'J' ot na•
-=-~,io°J''::'~~
::cr".:Je:.~bl~~'i.:~• ~te:;n:e~tef~:.powott~ ~~~
llocnee to do bualneea ID tbe State. U muat alao m&lnt.a.ln an ol!l"'
,J:rro~~
':'! ~1~:':l
~:.=~
~
::o/w~o
~:ebde t!~:O! t r ~
:m~:~•~ ~!O:r!0 ::'1~bf~~1tn
araln•t any cltl•en of tbla State UDUl lta debta. due to realdcnt e:lt.U:U
~v:u~~4. l!.n~
1;1!1~~ t~g.,°;,~f~;f!g't~~:.,
m11lntaln a •ult In a oourt of &;11 State. A oorporetJon of &DJ' oou.::t.'T
out-,lde of the llnlted Statea before beln' autbortzed to tran!la<'t to~
'~.th~:p~~a:ho~i'n■: t:vJ,:..cu~lo~: ~Jbi'Ia'i~~~-~~: ~ :
and reslcl~nces of lta ebarellolden. offlocn. dlrecters. and ma...-.
Nonc or tbese reQulrementa apply to lDIUrance oompantes.
<wf 'II•
Court,. Clrcutt ooune bave orlclnal Jur1edlctk>n In all and equity and hold two or more terma 1D each :,ear ID eaclt cow,:,
Jurla<tlctlon of the aettlement o f - • of d--,d perwoaa la,•....,
In a prol>ate oourt ID eacb oounty. Juattcea of tbe pea,:,e ha.-., ; " diction llmitt"O to 12:,0; ln towrisb.lpa having 2()0,000 and l(!W;S ,~.,
400,000 inhabitalltH the juri~ktion L-. I..~. .\p~ltl He ttom Ju~
ui~uto of J11n1i<:'"' ,rnd the proh&le ooun to the cm:wi ~
(See Neccttable laeuumeata.>
Day■ of Grace are abollabecl.
Depoalt1on1. May be taken on notice of a, • - th.-- daY" a..-.!
one day additional for every ntty mllea of lbe !Int ~oo and be)·,,,.,.! :!'..It
one adc.lltlonal day for eacb 100 mllea from tile place of wn·t,.s u,.
notice. It taken out.side of the State a oommi..ton laues tn>r.: ~•
e!:fili:, '-:~
mc:.,~irom
~'J'~~
wJi,; ·.;,.:.;,ii~tath~f1;,;~ir:!:~1r"1~~~~~.~et ~;r,.~:~:1:f~edu!!i
:!~
~h:r1
their lrce act and deed."
\lley executed the
State but one form of ctvtl action tbe
■ame a■
Actions. There 11 ID this
practice being under a code. A oon-relllc.lcnt plalDtJlr muat Ille the
wntteo undertaklnr of oome resident for oosta.
Admlnl•tratlon of E,tatea. The probate oourt In each oountJ'
lllaa Jur111<llctlon of the aettlement of the e•tatcs of deceased peraona.
ma1m1 preoented to the court for allowance Within six montb1 after
Lbe 1rrant or lets.en are preferred on,r ilio ■c prf'sented lAter. Claim ■
Do\ presented wltbln one year from the irantlng of let.ten are barred.
Letten are irrnnted: I. To the husband or wife. 2. To tboee
entitled to dl•trtl>utlon, or one or ruore of them. II after the expiration ol thirty days aft.er death or deceased, such persons do not, on nve
11~0:ou~.n~~?atd!:~d ~~~~{Y b~e•:~~u~i~ b~r g~:1~~f~1a\~:t~~~t~~~
mil:, non-resident execruton or administrator■ maintain an action 1D
Ulla State.
AIIPn•. Allens or alien oorporatlon■ mar not acquire. hold or own
reAl r1'ltate e:tcept such M may be n.cquln·< by tnhcrtt.ance or In the
ordln"ry oourse nl Justice In the oollectlon of debts. Real eotate
:;r~/~"1.v~Y:v~~.!'.len creditor at foreclosure SAie must be dlt!posed of
t:-.
Arhllratlon. Pft.rtlf"tll to a contrnve~y may submtt tbe Mme to
:;:'' '~ ,•,,r~: 1:-r~-~n~bctr award be confirmed by & coun and Jud1men1
~~~tai~ ~-h~~~ 1~~ie~;~!u~o'n~~1:~oe.~'g~tu':c1~:~ •
maror or chld omcer or a city or town bavlnc a - 1 of offl~: a.z:d 1~ ,.,.
of the State by any offlocr appointed by aulbortty or the ta..,, ,.,z '-!!t
State to take depositions, a consul or commerctal l"rPf'T«"ntaU\·• ii/II
the United States h1nln1t a aeal, or mayor or any city or town 1a,·1u •
seal. or any Judi,e, Justice or the peace. or otber Judicial ol!l"" · "' •
• ' Per■on ""-D be arrested under clvn proceaa.
';•cr~,~~i:ct.hILMlsmmente must be for the eQU&l
e Ultlfllor and &re adm.lDla\cred ID \Ile
~~1':'J g:t~~•to;;,~e?;.011':f.b~en~~:: !J'°~e~~~':°:ia~~~d.;
ncecl not he mentioned In the notice. Objectlona &o tbr oon~""" :-r
or relevancy ol the te-stlmony need nol be noted. bai Clall be On& ~
when I\ la ollered a\ \Ile \rial.
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far a•,., rnah!• t:Mr \0 f'arrr ,10 nr 1ran.•u· \ ln~l1,f'llllr,A 110 b•r n •D •c-aouot..
'4• ron,,•n ar,J ,,. <' •uU•t"tNJ •Ith . \.0 1ur -.i.,: 1.. eu ....... 1. \O t>nf.irc,e Of
r1 1f•• •r-.l araJtu\ bf'r ,,, .i,..-nr e·.i it•b :u -'.r .· rrit.1 a.• may , .. rt-b,,..., . .
fur or a,a1r19\ 11 .. , . abJ 0 1•1 ,..,~ or t... aYN1 •' t.• or SD ""''u11r . •U.a. or
b•"•
•Uh,HJ\
h•t btU'••n•1 •~ . n, ,Plflfld u
a
" " ' , ... . e■ tA\e &D4
S\.Art)
p,r••r1.&J ,,,.,p,••tr c.nnol ,,. t.alt.rn hf an,- 1 u ~ of••• for U'I~ •1~b\l
~.C~i~\i;~. ':-!J;...~
:!t:;;_ :~:\~1:",n,~i~:~~,'
. . . be ~,
h~'"h : ~ • ~ J ~ ~ r
OD for .... drb\a .
,-■1
H~,'::J-.~·.,,~"~!:f)c,,:9111~, ~.::r a.,';
ttn~~::'i1_a::~~~
.,. uu pur<"h,. . m,,nr>·
1 b• "lf:i raun form nf , ...,1 r-e\.a\'" ..,.._,_.u,ft1 ..
• J..-,..1 ,.t tr11•\ •11b pow..- of . . k' ID tbf' Cnuttt u, ... n , 1, Caul\ ID U1•
, .. yment of lllr• dr : ,1
~ : • la at pu•,11<"' a\t,U, ,D . u,.., , n t • r r. ,y or Dl<l,.
dar• · i,u', i lc Dotl(llfl. u n , a.f r .... 1•r,,,·t1lrd tn \hf' ln1tNmf'11,
1'be
tr-l.l•l...,., • ·· 111- ... ,l.....-d \0 lh,. purrh._.,,,
1 ·hrrr ta no r,..Jr- r:• 1, uon trum
Mir un i .,... \hr llu11H of \h• 1trt1\ LA the pur ... haw-r . In •hlrh C"&N tbe
drl.t.nr ma)' , ... 1,..,.m lh onr yr•r ll. at th,. ._1r. hr C"1Vf' W<, aur fur \he
twt,yrnc-nt of lntr,,...t \0 aC'C ruitt .
t'Y1 ,1rrH'TI of tlr 1 1t wC"·u r N.1 by mor-1-
i::-;
1, . ~ : ' ~ : •, ~~\~
o1rb~n,11~~1•;~~r
1.~'':
drf'ld of tr ·1 t1 un lr • \hrrf> ,.,. ft"l'n,..I •• C"O-lr\UI\H a
1J 1... ,ur1 ~•rporatlon or tn ,1!\l,1ua , <1tllrn nr lbl• ~•n.atr, an<1 Ulc ,-SUc-Dl
1r11•t""' mu.el ,,. a p,'1J v.• : 1. •,1tT tn an A("tlun ti , forr-,,,__.
, · r,attrl ll1Ur\(Al'N . , ~ 111\ &llcl ,..r,rp\ •• rN"tWN°Q \bf' Ltf\"lel _.._
f:,',~11:r
~'.~~•_\~o!:'
; ,~;n
t, , atN" 1n any
~7.::-~;;~,~: ..~l;f' t!:'~}~ ~~~- :::,:~'"anrJ1~,.:~,~:~~ ~cf' \N~U~l;'':r":":
n,.
.,,,,r,-•n~
m.in1a1' .. r t11 lb" . .
n 1,u1n,-r a• , •
or ,.....1 f'llllat•. or \ l n l \hr 11101\4'-·• or a ('upf \hf'lr,,f IM' ntrd lb \h• offl""" of lh• '1"'Nlf\ler of
~~=,~ · ~,h~~
,r~ !; ::..,
':! ~~: :~:!.•~,r':i,.
0 ~~,: 1
a r!~~;~n~J•:~I~
t::
l""l""HY la a'I\UAtr-d
t' \ f'fY IUC°h Ulntt.,-a,P ""°&M"9 \0 be \&lkJ afl«
I.be ea.vlr&Uoo ol nwe ,,.,._ hom tbe nunc 1.JoC tbe Mmf' .
u,aa
~ ••• , •• bl• lnetnun•n••·
Th• (if't1ll"r&l AH~tnhlY ot
SI.ale
hu r.Mllr ' NJ \ht' 111• of n,.cutlaM• tn"\ru· ··"nu li> thf' PAMA•,. of ·· A•
,.1--.th• \.Cl lhf'I nf'-C' ••Ua' •lf' tn•l'1.J ~T r · ~· - t.o rr\·1... "n i t l"0'1tt')' lb•
an
law r.i•ocvrnln« ,b,. aame. aDtl IO
:',.
0
,.,a 1 •11•11
a
la•
unU1.,nn With tbat
,!~.~~,.~~~~r :'u\'!: ~~,~~~.,.1;!•~~ ~b~b:.:\~~~n,\~i,~.:dif~=
0
l••r A..-on&UOD .
A111,.ll<"AD
uo~ .
JI OC"Came
eftN"tlYe la MLaour1 Ju ■•
, •.
An '"•lnJfflf'fll of Wr1''"r Mnlal"'"r • p o lo cto auy ar\ or t,u•\nHII . tr1rju,11nr th• C"'t",n,· rr"1j~ ot rr"l Nl&ta, &111
a~rn\ or att ,1rnf'T t ,, r a11,,thrr , •hrn aclcru 1••,..,1, .... ! In \bf' 1A•11r form
&II rr,Jutr,...1 fnr 11('f'(11r. n~y t,~ rTa4l lD f'\'lJtn~ wUboQI furtbor pru,or
Of \ta C"l.f"l' \t\\Oft .
Pro"••• I.aw. • ~ Atlmtni.traUoll of !'.a1a1 . . .1
Prot. . ,.
Nf'Collahwt IDIUllrlll~Dte.)
PoWM . , 4Uern•,- .
,s.e
n-::~';.,,·•t; .~~~~n°:, «-~•!~~:,;':~ri:~~ ~k~~~~~~ed,\~~~~
snu•\ hr nlf"d ar111 t ,on,1 tn dout,leo \hf' valttf" nf lhf' pr , ,prrt)' r1v,-n
1a
C't"IU,tn ,~ac(" ■I ,t, frn1!a11t "11\Y 1rt.a1ll p1•'1•r"1'1.\ , 1n oC th• l l t1l p rrt7 1,y ~Y1nr
a t.onJ ln 1tnu"1c tu Yalue .
tt plalJ;tllT fall In bl• •ull. t1f'Crn,1aal
rN'O\•f'n Ju,1cmf'nl &&'•Intl plaintiff ant.I U.e •unU• oa ~ • l.14.)cd for
\bf' v11tue of the propeny •nd llamuM.
1 ·.uea.
St.ale and onuntJ ta•• &N' ueuallr PAIJ In ~OYNDhe,
~~t,~t:t~~~:h.
!~,~~~-~J:,!~:~:,r.• ';~:;;1~1.:, .r•~\;~\' ;?:~!.':~:'~~=
JMr art° a
1.&lH'I\
tf'<A I
from thf' n,,,
of Junf'
llt"U
thr
f""'tAte
,.J ar
of tbe
prrccJlnlf )'f"&r .
Prl\uqueut at"l~ and c-,,,11uq· \..aJ.('9 art" et1 : lri..· \.t.'td hJ
IUI\.
M11uldl'"' l,aJ.("A lllC fl•> 11 t ,lr an-orol 1tur to th(" Jllu\ l•lona of I.be
<"h.'\rtf'r8 or l' <" nNal 111.•·" !>)" lo\ t,h'h thr> n 1A)" lw r1• v rrnN2
lo aome
~•r9~~r"~tr~~~\~~c~\t~11'~~ll~~\~~~~ :~tt~·,.!!.1 ~11l;1~~-u~~ ~.~ft~~1~~l t~C:~
'~~~t\l~~
:!~t1~,";;~'tl:l,~f"nf1 ~~~,:~yi.,:;1,.!N'"i'{~'11lt~;;:~.::,\l: ,:
1:t~ oa• ~~sr.;
a ..,,f" for city uaira un1trr \bf' i,ro,·11\ona ot \ht p1u11cular t"bartn.
"aaee.
W1:.
O\' f"f
•S<le <laml5bm~ou; ~aemouo .... >
~~r.
~!~:,.,. ~~•t,'J
thf'
l\l't"
~:~"l::t':.''i«-!~'°;t''r~~:-,.) ,'ft~t~I~!
'!11~J•f'~~~\a~::
of f"il('ht,rrni )' f'&nl' mA)' h~JU('A\b his PN'1111Q&\ e1\..llte.
\\ 11rnrn nC ("h·htN"ll )' '"""' nr II.Ct' AnJ ut1w11,r,J . mAntt"l.l or unm11n\ed •
nu,y ,\rvlJMo \hrlr rr11I f'at.Atf" l\t11I l1('tJUNlh tbf'lr pt."r.•nl\.l propt'MJ
A
• ·lll mun h~ In wnunc . •htn"4J hy \he tr.'ltJ\tor or ■om~ l)t."r.oo t,y bla
dlrr1· llon In h\<1 prrt1t•nl""f', 11.n,I mull\. ht> att,·"lt('(1 117 \w o or mnrf' <"'OrDl)f'\cnt w\t1u·ur" 1111 ,"', tlt.l n ...- \hrlr nAmee \.o tht' •111 ID lhf' prt"-M'noir
i\~r"
:::v~~~i~;~;,r(" or 1:h"t-'t~:~r'1~~~~ 1f1 \~~~r ~ 1
4
,\~1~;
~f
1
~~
1
ot
J~r;~~ri
di9:
him ,tftrr ri11 ,Jrath. thf" w\11 shnll hr 1t("r11 : ("t( I rc\·okt'd .
Thr wlll of &A
onmn,rlt"c:1 woni .,11 l• r ~\1,W r t.1 ti>,· hrr llUl>!'r• p1 ,ot m1' t r11'1't" .
1t a cblld
or <"h:l ,!r'('n. or thr dr 1H"t"t Hl11uu ot 11ud1 C'hl l {t or ct.1 : u,r:-n , In <"&le ot
tht'lr drath. art' n,>\ n11. m l'"d nr vr,,vldrd Cur In the •lll. tht" t""t..&tor U
Jt"1"mr,1 to h&\' <' illetl ln t C"l t &te u
to IUC"h C'hlltl or chllilrtu or tbt"lr
dl"!'N'n 1tante.
\\ ' l\\1 n 111"'t ht> 11rt11('nt('11 tor 11roh&te \0 th" vrot .. te,
0 11tr\ oC tht Munty In wh 1 <'h " "·" lhf' pln,rf'
a tic wlt
tht \.f"1H.&~r
\\' 111" m11y hf' c·outf"1'\e.:I wtthlo two''""" Ah.er thf' p,nt,&\f' thl'."rN>f bJ'
prtlth)n to \hf' c1rcult ('(Hin of \hf:" C'01mty ,
RrAI f!at..'t.t, In \h\!1 !",U\te
may hf' tlf'<Vl&ed l1y lu\ •Ill uttuted and pm"TN't ft.('("l(>r•tlnr tn thr 111••
of thl• !'it.ate .
l't'n,onl\l "'1Ate may t~ beoqu~ath,.,..1 •~"•Una IO Ule
lawa of tbe '"''"' or cou.nlry Ill Wblall lbe wUI tb&ll t,e made.
or
Digitized by
~~
or
Google
1368
BANKING AND COMMERC IAL LAWS-MO NTANA
Banb ot dlamDD~ and depoalt, tnoorporaled 'llllder • - or ..__
for not leu tll&D U0.000. all paid ID ClUll, ID.aJ' do b....a- "'autllorlud b:, state auditor, oenlllcate ot auditor to be ~
E.acb d l - four &Im• Ill town or OOUDtJ' where localed.Bank
111&7 deal la 1Nll
own a, INst ten ala&nlll of tlae banlr.'111tOell.
proper trauactloll or ha b....._
eaate only u la 1 1 ~ IO UloDlreO\on
mun declan _,____.
or Ill reallalllC upon aeoartst•.
ai..
iame mau repon
dlvtdend out or ne, •l'D.IIIP, &114 a, s \Ill
auditor of . _ . and Uablllt.lee. &1111 publlala o - . Stomllold9
&II-.. on.
Uable tor balllal' debla to extenl ot lllodl laeld bJ"8'ook.
,..._
Uablll\Y oontlllu• u mo11tba after a traufer or ~b:aDOldal.
to oomplY wltll requirement. for mt:, daya torre1,
•
TIie total llablllty ot any ponon, llrm. oorporatton. or -mpur
~ lltiea
any snob banJr. tor money tiom,wed 1lllall al DO Ume -~....,
d
tlll8
;
~
perm&HDI
and
Oll,J>lllll
ln
paSd
or
per cent
to dlaooDDt of bllla or e&ollanle dra'lfll upon eDlllac vuu. - o i merolal paper owned by peno11 lllll'O\tallllS - ·
Eaall ncla bank mun keep OD. lland fuDda equl IO IO pel' .
_
lta Immediate UablllUN baU aull &1111 baU balallON d - triNa
ballk. One bUDdred dollan IO llvo b1111dred dolJam . . . . . - fir
La--~
maldq new loam wblle _ , . . below.:!:..r .::r"'-llnualal Ollalllflaa .,
tor elate examlller, who vtllta &1111
balla yearly. BaD.11.1 ollarired oena111 roee tor Slaw remtrsr ...._,
dolDc • bMk
Any emplo:,ee. ollloer,= r, ot &DY baDllIla
to II.ia IIDowlDC or
bWIID- wlao noe&v•
la UDlale or 1Uolven1, ..OU' o« Illar,
that snob balllr:ID.c lnatltu
and la llablo to lmprlaonment for one to twenty pean.
BaD.11.1 ma:, be dlalolved bp dlalrlo& oour& upon Tol-t&IF . . . . .
tlon. or when deolared lllaolVIIIIII bp ltale eiramlDM'. 8&Tlllc- .......
not 1 - lllaD 1100.000 oorpora\1011 may be ol'ftlllSed with
than $1100,000 oapllal iltvtded ln.lO lllar'1II ot '100 ..._ •100.eoo•
a S--1
be 1111>Nr1bed Ill aull before ~ r bmlllea Mar do e&W
•
depoell and lou bualD-. Stooldloldon ll&blll1y IO W
Ill other banlts.
Forelcn banldllr oorponr.llou l,llaF enabllab braacll bulb la M
iDealal lan.
State upon oom11r.lfan oe with oerw.lD of
torpd or ralllld. ..,._ . . .
Rani!: la not !able for payment
paid 10 ~
olalm II made wlilalD one year after olleolr la rotunuld
ale retalll1As llllt
oondltlonal
or
Oontraotll
11011.)
(Soellon
tor.
- to boll& Mo
In vendor mut be llled wttll ooDDI:, clerk or an void
purchaaen, mor&P1111e or attachlDr andl&on prtor io 81111c.
,..
Oon·Hyanoe■• 'ntle to propertJ' or ~ ltlnd (uoeps a , . 1ir
llbUlt:, not ooupled With an llltere■tl, llloludlne a l'lal GI _..,,_
..
breacli of oondltlon 111bNcl~ and propel'\J' Ill the id..-. Deed I O . . , , , _ . ~ ...,.. •
ot another, may be &rand
.
.
.
.
aa1.
n
1
executorw and t.,._, - • tena.110:,
Ude ...,. •
deolared a JolDt ten.,= tn &be deed. Tbe fee llml'141
J' llmlted to a 1- Ihle Ill Ille deed. 0.a cram. 1IDleu u
aaDta Ulal Ille llftlltor .... mad• DO PrevloW deed IO ~ o-.r . .
eon. and Ulat Uae prmilaa are bee from I l l _ . , _ bF Ille . . . . ,
- r d ..__,.
or any one olalmlDc Wider lalDa are Im~ Imm - Ill ot
UY' lllwa_ra_
A iDarr1ed womaa JolDIDr Wllh lair ll'll&balUI
lao_qlil .....
u
Ille
\beroby
la bo1llld
real P E by
deollnraouowt
lier. 'lutrwli- deo&bls ..a .....,,
It duly
, be reaorded, &1111 nm reaord lmpana - may. It aolmow
Ibo world. (See Aelmowledcm eata.)
e&OIIIII . _ .
O.rporattoaa are formed Wider t.11• l'eDeral 11at111e. &Soaa
m1 111'
mrpora
lllr, lliluranoe and railroad oorporaUou. an4Stookbolden
Ila'" •
protll, whlob an, pvemed by apeola1 lawa.
....,
d
proS7,
by
or
peno11
1D.
vote
may
1laare,
eaola
tor
vote
-.. a
late vocee Ill dlreotor election. Aniol• ot 111,0Npo..... ._,•
llled Wla eountv wlaere prlllelnal omoe loealed, and OOPJ'bom
llarw IO . . . _
nate: may bold on"ly 11_.-y real -t.e:
mue bY-lawe:_ ~UQ&:a
dlreoton, who may be empowered to eloCllr
llabWq UDUled 10
IIIOOlt laoed for money or properq;
portion. dlreoton uen\ln.r to -tlon ot debts bOoDd
_.. , . _ . •
oaptlal ■tooll: or maltlJur dlvldenda oat or •PIia! stoei: booli:a:
...
aeverall7 liable t.lloretor; IIOeklloldar may u:amlDe
uauter or power of attorney lo eeU. and deUvery or__.__ ,.._
title. between ~ and aplut oredlton; lllaJ" be ~ •
boolts of oorporatlon. Every domenlo 90l'POlatloil. llavtac a - ■tooll: must Ille rePOrt ID oounq olork'1 ollloe. wtlllla ~ 4qs,._
December ll■t or eaob pear, llio"11ar amo1111, or aapllal ...._ ~ Ill oull. &1111 amount palcl_ Ill prollSIJ', amoa, ot ~ .,._
PNll&d•'and nam• and addreae■ or dlreoton,
Ille .,.-Iii
eral ID&ll&C\U' and --.i.arv: dlreoton n811eo\baa to to
Die;
and aeverally llable for debte ~ durlnr taDure defallll
....may exonerate lllmeelf by ll1lnr Wlllllii ten daJ'a after
m ...._.
Pl'llldanl
uked
be
d&J'I
twenty
tile
llloWlllc tllat dlll'lu
dlrecton to Ille, and Illa& defaull .. DOI due to JIii D.--'-Fon,lp oorponr.tloua, uoeps luulUIOII oompaalea aa4 _o-~1111111,_. ._
wbi ~
OlbenrlN provlcled tor, may do bmlll- after IWDcC1011F
_. ..._.
of 81&'8 anil Ill ODUDt:, wbeN llltemd IO do ~
aowtac
.
~
and
prealdalt
ot
aad verUled 1&a1emeDs
..
oapltal ltoOII, UIOWI.I paid bl mone:, or JIJ'1111811iJ', . . . . . . . . . . . .,.
o« 1lalll1IUa;.. 1
ooulal, and lllelr aotual oull ftlue. uut &mo1111&
.....
o«
_.....,.
tor
,
_
or
apPObl&men,
and
be l1led
oo_,
a,
or4tmll•lst e &114 l!OGelltanoe of same. U oapltal ln.creued
oenlllate tlllll'tlof wltla ~ o r n a t e uad oCIU\7 o1an. ..,. ..,_
to do eo torfella rlrb& IO do bulla- Ill Bw.&e. »- w1tada - Wre ftrllled - - - , - mca:tl-■t -.
after Aprtl 111, tllo repon
001111tv clerk'■ omoe. and oopy with - t a r : , ot . .1:e. o.a ... •
crw,ter rl&'bt.a or privtlen■ t.h&ll dome■Uo ~ralloll&.
Fond~ corporations ISolllC buai- Ill tlall aia• an -.de . . . .
to \Ito Jurladlc\lon of tlae oouri. or lbla Slate Ute - - u ...._.
and their nock la made auaclaable Ill 11118 Stata. c,.
1
'°
o:M
SYNOPSIS OP
THE LAWS OF MONTA NA
RELATING TO
BANKING AND COMMERC IAL USAGES
Prepared and Revleed by' W&LLINOTON D.
Attorney at Law, Helena.
RASJ:.11(,
•
Aelmowledsm en&a of lmtrumonia may be taken tn tllla State.
t. Before 111preme ooun Jutloe. dlautoc Jud111. Juiloe of tile peace,
clerk of any conrt or record. county cl..-11:, notary public, or U. S. Comtlle
mlM!ooer. 2. Ouiaide Montana In tbe UDlk>d lltat.ell. Before
Juatlce, Judie or cl..-11: ot any court of record of tile United lltat.ell or
ot&:it:m~ b:U~~::,o ~
~~~~
coniaclmowledgm enta. 3. Outside Unlk>d States before mlnlater.
agent ot
mlllllOD81' or charllll d'affalree, consul, vtce-conaul or consularappointed
commlallon..record,
of
court
the United States, a Judge or
t,y IOVel'DCll' or notary public. In all cum acknowledgm ent mmt be
taken wttbln Jurladlctlon of offlc..- taking.
::.!',
~=~~:~;r
~~~~~II~~-~~.;~. ~lio: :; beiore
.:a'=
«- or.~-
&1111 qualltJ' of omoen penonallF appeared . . . . . . . . lmOWD
to __ (or ]lroved on oatla of ...... IO be tbe •peno11 wlloae 11&1114 la
nmar1bed to tlae Wltlalll lutl"Glllelll, and aolmowledpd- to me 111&1
Ill
... (Or t.laeY) - l e d ille _ _.. Same tor man1edvice pnaldlnt
or
cue of corpora'ion aame to star, Ihm "pl'elldeat
•
t.bat
n
o
i
'
~
\be
or
)
~
(or NC:N&ar>" or uallltallt
ta wllbln lmlrument and aclmowledpd IO me t.bat IUCII -.,orattoa
la
• - • t.be aame," and ln cue or attorney Ill fact, "wlloee -
"'to~~~ C:..tt:f L18~~.................-.-.-:
=~~J:.s
1.laereto u prtndD&I. and hi• own name u attoniey-tn-ta ct." Out.aide
lia
of county mut be accompanied by cerWlcate of COW1ty cl..-k.
No\toe IO
A ~ t l o n er Bata&e la had Ill dlatrtat ao1111S.tour
mo11dla
..Utom ~ b e d tour weea. aatma DOI p-led Ill
atw Am aolloe, It enate Sl0,000 or 1 - or '8D mo11dla U ovs
110,000, are b&rred.
I. Survlvtlls llua'balld or
~ ot admlnl.nrailo n cranted to:
F&llls or mocller. ,.
wife or ~ ' appolll&ee. z. Olllld. a.
..
Brotller. I. m.w; - •. Grandohlld. 7. Nu, or ltlD wllo IDllart
pen_o11 ~
I. P11bllo admhalnralOr . t. Creditor. 10. Any entUled,
oourl
equally
and
mmpeteDt. W1len aeveral olalm ,tsbl
appotni., preterrtq mal1e to temalea &1111 w1lole blood 10 llall blood.
Aflldavl&a ~ be l&kea or oallla admllllnered before &D.Y. Sudldal
Ill '1111 Sate:
om.r, alerll or &117 oourl, oount:, olerll or DOIAl'Y publlo
ID &D.Y otla_., llale before a oolll!lllalloner appobl\ed 1" tile IOftnll)r,
• ..i:
IIOIU7 P11)1UO. or Sudie or ol«k of &117 oourt ot reoord llavlnc
vtaeIll • '4lrellll ooatr:r before an ambaaador, mlnlnm', oonril,
oouuL or m111111ar acal ot tile UDlted Slata, or S'lldle or a murt ar
..a.
•
llavlllc
reaord
ooa117,
Wilen taken IMfore a Sadee Ill an:, oilier llale or t o ~
or Uio tactse
Ille uJnaoe of Ille oour1, alnlawre and olllalal allanollll'
..i.
lie
'IUlder
oourl,
ndl
of
olerlt
Ille
bF
oer&ttled
be
m'll&I
Allena - d DeDINaa !lave NIDe 11s11, u DIU.U 10 aoq'llln, and dllpoN or mlDIIIC propenp uad real eaaw IA oonneosto11 Iller.
wtlla.
Arbitration. Any oontrovef'IJ' exoept over Utle to real pro~
lo llaat ell'OOI
may be submitted to arbitration by a written acreement
made an
ftleil In oourt and may be made an order of aoun. Wilenan:,
cime
order or oouri la lrrevoaable; otherwise It la revocablebeat IJ)eCltlaallJ'
Ollllllo&
arbitrate
to
acreemen\
An
before award.
enforced.
about
Arreal. Defendant Ill a Olvtl action may be arn.ted wlumdefraud
to leave tile State or OODoeal hll P?OPert:r. wttll llltent toID.Jury,
or
wt1tul
fraud.
when,
oreditors, and Ill oertalll other actton
wtltul Vlolatlon of duty, or wronctuI oonvemon ot money or proper1F
penalty.
or
tine
for
or
tlduclar:,.
a
or
omoer
public
a
by
Aaalpments . Voluntary uslpmenta ror benent of credlton
lmparttal,
allowed It wttllout conditional prefen,noe. not -reelve,
not
without rwervallon for fraudulent benellt of uslpor. and do,,e
nor exem]I~
conler p0wer upon -1cnee lo delay execution or tho trusi.
him from llabutt:, for neclll'!DOII or mlaoondue&. :r. under partial
,upervtslon or t.be dlautct ooun.
Attachment s. Writ of may be laad at t.he time of lssu1nc aun:imons or any time t.bereafter ID. actlolll upon unsecured oontracta
orir:1expre.ss or Implied for direct payment of moue:,; or It oont'-0'8
without plaln•
nall:, se,·ured when eecurttY bu become worthless
tlff'a fault. fa Issued U[)()D &ffldaVlt OD behalf of plalntlll'. after nJIDC
111 amount
bond ln double amount of clalm1 It under U.000; It over.real
or peror clnlm; bond never to exceed ~10,000. An:, propen:,.held
by third
o,mal, or d~ht due rrom or money or personal property
p~r~on, ln<.:11..u..llnr lUd\{mcnts. may be attached.
banks except
-i.!'~~~o 11pec1a1 prov1a1ona regardlnr national United
Statee.
_., '>e ~ iriranlr'1 under lawa ol tbla St.ate or the
district
Jo•ted ~dv~::: ~i'~:b•tock In county. town, cltY or
ere. rep.rdlesa of re•ldence ol etock-
'°
~=
'°
:,~1:c,~~:1'
Dlltrlot. courta ban ortrtnal J'IU18dlaUo■ la .._ _.
Oourt■•
,.,.
eqult:, wheTe over no lllvolved: laave probate and a:tmlMl
~
dlollon. City poUoe oouna ot petty orimlllal J1U'lldleUoa..
or IINOII limited to uoo. petty oitmlllal - ; O&llBO& ~ Ihle 1e... •_
trom J..sc.
nor que■tlona of aon■t.ltutlonallty, Appeal■ lie p
trio& and from dlnrlot to supreme ooun. S a - . ~ . . . . , .
-!::ia~rlslDal Jurladlatton la awbcallaa w
l;'!~f0:,~111
":~•,gifrt
oraee.
None.
II a ...,, •
DepollUona of resldeu.t may be 1&11:on. wlleD wttlMa
or resldee out ot tlae coun_lY.1 or la about ._ ._..,. . - ..~
...-:
~
or
at.lead;
to
11111rm
too
la
probably continue abeent. or
II to be uaed on a moilon, or when Wlma■ la Oll1J' oae --.o . . _..
11118 .~
be
oumo,
preeenoe
hll
and
11111 a material fact.
Eumlllatlon may be upon onr.1 question, or bl' ACT--■-. _.
of non-realdea& WUJIID UIIIMd awritten lllterroplOrie a. lD • ..,
Sud19 may tuue oomm1181011 upon he ...,._. -doe. u Dania
~ e upon person, lo any Judrw. or J'U\1oe or OOIIDCW ■cr. :ir •
-bo-dni
lllllllater,
a
to
dlrected
be
may
of United Statee,
vloe-oonsul or consular - t or tile Ulllled Sta.tee In na ~
of or to aucb person u ma:, be arr-1 upon. 8ir.aalaaa.a
realdeu.ta unless otllenrlae arreed, mun be bF Writ.ta l a t a ~
DNoenl. lnteetalel' real and ~11&1 Pl'ONnY ftbJN& .. _.
ment of debi■• d - d a u to11o... : U Widow-or Rff1911ir • . . . ,
and one ohlld, baU lo NOil· It widow or 111ffl'fllla b.......,.., .....,
or than 011e cbUd or one claiic! and lawflal • - or ..,. . . .
child. one-third to buband or Wife and ~ tou..a
._...
and luue per atlrpes; It no cbUd Uvllls, two-tlllrda 1o
D&YII or
IDtere■t,
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ot ,t ..4,t aud
\ • tu •111
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f,of n,rl.i
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.... ,., ,,.. ,... '" IH•ot•· h.- rl•1-•I ,.,..11u• ..... . '""' r-.--nr•1•1
h7 n111,, arti.l.a,u lo au 1nomth• from tr•..-ua.ry a:. IVlJ
Ch.att•4 rnonp~ mu11 be '1ulr aC"kno••""t..,.t. and be &.«!OfflP&bltld
h1 .-n.,;.-,u .., 11, • ., ..... ,. 111,• -..11,.-• 1• 1u••l• 111 ,., .... 1 fa 1h •n,l ,, .. 1 1c,
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:~.1:::/; •~·:,:.:;. ~
1'~~•;.:•J-:,!,':~
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;~.:,:;.t ~•~,1~,~1-=m~1•n\•~::11 ~l~~•~•~••~I~~.:; -~~~~ r~',h'ra.!!:•u ul
n1:~•, 1•,:_-
11,.-,u,H) " ' ,lrl•t
1;: ~:.,.,~"\.' ~~\•l~~~;·vt
n, 1 r•1•••t111« 1•11 )r.at'W •tut -.itl) da1•
I,.. l"f"-
IWO
Muu be PAJ•hl• tn mon.,. a,ut mt11\
"'•••Uaa..N ln•&nanMnte.
euol.&:a &A uoc-.,1, 1.t111n•; ,,r11mlw to l'-A)' a 1urn t'W"rtAtn no ,SC"m•nrt or
aL a n1ro.1 or Jr'.ow:n•t,j,- ful•Jre Ut11f" m 111t he ""'\ ,r,le to or,Jc-r or
IO,,....,.,, . may t~ lo l111\.Al!111ro\a aoi..l runt.AID 1•~1,\lll••D tti.t OD any
d•fa1,,;,1 thf' •hni~ 1t.•..H tx,0:1:e Jue, •IUl Pl<hanc.- Ql"'41 or nirn-01
,,_,,. lutr,,..\ ar,•I att.,rt.r)· If,_,,.. for C'u,l""'\l,,n rr..aJ at.1th1,r1t, • i e
of roJ~\rr.-l• an,t t•111,!.--.1.,0 r.,f 1u,!r~f'fll it It n.a 11 ··1 ,,n.n·iae \0
ri~ ~~~t!!~:',9,~7e ~~\::c~t::•: :,t~~,=~~l~~•l:.r~~: ~r~.)'~:!·~~:
r,
~~:--~.~l~.,,~;;a:rOf\~llU:Ol~ri:,~o: (~•:;:;U:~:ri:
l),A)lli1r Uh ,tr11...ao,I. Ill.A)' t,-. {"4)& 1uf" &.o IW11 or mof(' ,._,.-rN }olntiF,
or ,,nr or tnoft' of ..r,·rr.-1 pr,a)r.,... at•f'IH.,. or fath..lfl" of c,•n•i,:f"r&tl,,a a
tJrfrn.,. .-c•1n•t oDet out a lwl trr tn 11ue c.,ur,,.- an,I ,~r\l&I f.t.l11Jf"f' a
~:;•: n·0~~:.t;~~.::••
:;!~ piAt.\'~",; ~~1~'~:
t!:,a;.
1
0 ' 1~~~::. W&~n•~~~11,1
i~rfrl~~:';.t' 01~•ii1•1::- d~
ttnc-•r~ th.Al on duo ,,,.....,..ntm"'n' lt 1haU bt• h11n ,rN or that be •Ul
1,-...r lhf< •:ih1Uut to boi.:n ur arir tul...,..IUf'nt .-1. L,r.rr •4o n.ar be
~;~i~n~la '!:1~:' :~ ~~~7t,,~.~~:1.■0 ::~)~~ 1 l/}~; 1 ~~·~~~l~:!:~
:':'~~~:;-l'-~~ttrr~nt,,...1
1,u,111,• tl.ay. l •\ll tt (la)"ar.tr oa 11r rnaod
~~;~~n~i"\~ \'~';~~:.~ •t~;i:.~J u:!t~~~~-~~ ·. J~!~• ~
01,a•I
uQ Drll
lJit"
1t b aol ~ r y to th.a~ oae pr1mar11r ti.able ll
&uf.~~;:nl"Ot
J111)·1\ 1 dc- &I 11 1...-M•I fllAt.~ alilllt)· a111i ■ l,1!!1tn~ lo ,._y It t.LNt" &I
m,,11H\tJ l• l"IIJ'1:,a!,·111 to a trn,J,r. U n"t on •1rm.t.ri.J It mu ■ t. h~ prti...-nt,-.J ,1:1 ,tar II fa .. • ,1tJr. If uo ,1 .. 11.ar,11 tt1~ •11Lth a rf"ll1oo,natilr tlnie
aftrr H• la,11f". «-1,·rpt & hlll nf f'l1 r.,r,('C UlU,ll be pte9Clltc-.J WlLhlD
n-..,,n,t•lr \ln>e af~n llA I.at\ Df"'C'o1ll'ill\l ,0
rra11,1•i'•·nt or 111•l4't..al. ,lo Dt'I aff.-.c1 ot1ctA&1 IAIU'1t,\ l trrat1 •I••
mr11t In hA11,II of ln111wrnl boMrr lo Jue Ai•1•w1 • hC.H)1IIU,1oal i,rom, .. la •r1llh( 1G aNWtpt a bUJ
.\N"C"pta 11 ,y
bf-f, .. .,. ur •f:,r <tra,..11 l• i: .. , .. t la. ra,or of all 111h,1 t..akf' It 111 .. 10 fal\ll
1 h,. hol•lf't mar 1.SN":lof" a f:•1!tllnNI •~t•t.au~ and
thrr.,..,( for \ •IUf"
tfr.,I thr 11 111 U dhhnnnr.-..J lf bf" t.all.N QU.allr~Nl &(""fy\ltAOC'118 dr-.WII'
and f'U lor..-r-w fir.> •lh, l.111,tf""I. urur.. thf'J cun...-ot Ui.-r.- to.
Pn,t-t. of fororlC"ft hl: 1• naar ~ fn.alJe by Qutl\ry puhll<" orb,- an,~;'W"l-t.Ah1r n-•1•1rnt ,1t tbt" r•tacv- In 11~nre of t•o or rnore er""11!,le
Wltll __ ,... hlll of f"l.d111n.-.. · " ~ no\ 01w~t4"' \0 aatcu fuoda lD b&Dlll
of 11f11•rf" 111111 hr t. hvl :1111lJJt" Uhl,.... hr l("("t' ptA .
\f•,•l t"4! Ut11-ot1,!!t1"1 ,Al rmmlee ta WT1Un• lie
l'rn111t•,,,ry ~,,tr
pay
00
tlC"111"n1I
or al n,f'tl.l or dr1..-11•d11at,,f' um,,.• ltJm N-rt.AID tn
fllODf'Y to 011lrt or hr•rf"r . a111t whrrf" tlt••n lo m.alllrr·, 0•11 Uhler 18
DOI ()1111\(Jlrlf' Unlll f'll ·lolf--J l,y blm: rt.ar ~ lr1 ln•l.All11i..-ut•
A I hN· k l!I & f.lll or t'll"h'\ntf' Oil & h11,:.• tMYlllde nil Jrlllllll•I: fflllt\
~ (lfMrlltrt.1 Wlll,ltl rr-A•••f\\lolfl tllllt' •.'tf'r 1... 1,e a1uJ tr ,1t:1h11n11r~
n11tlrt1 11111•1 '""' l"lH•n or •1~•rr ll t.JL•d;"'~"I to Ui,. "llrnt ,,t loN
cau11,-tl ti~· ,Sr-la)·. ,1,..,.. l\1)1 orw-T11tr t.d .-,,liU at1J' 11.art or c1ra•er·1
If
f1111•l• In l11111k f\llt1 h.-.n\,, ,. not I~!,;,- Utl: MU tt l\l"N"pt• or C"«"r11~rl .
bol,lf"r ha• chrck. rrn1:).....j thr drawf'r anti C'n•l11r...-r11 are 1..1\,,·hArfed.
l hr fll,.....,..hL n,...,.,,tl11,{.Jf1 1l1t1tfllflH nl ~ - of ~HhlAfiA ron~UllllC' of
lt11 pro\·ltlloo• du no\
1911 aN·tlno, wr11t Into f,tri'(' M11r,·h 7. lit)),
apply t.o h1111r11111f"nt• n1Atle (Hivr lhr-r-rtu. Thl' arl .. , m11torrlA '.i 'J
1ucc~, \bo pruvrt~t, of ■ l>'t.:L&I
C'l1Antt11 Uu• lAw Ill thl• :,,tAt4" .,.
el.AllliHAtl••O ID &II}" Jout,tf11I CA._.,
Thia lftw I,. IIN\tly It not qult4" ldC'DUcal Wltb \hal aow Ill foroe la
'°
New \ ork, 111111111•. •n•I othn at&tf"II
1 hf" pl11lntlrt In an Af"tlOft \ft f'N"ftYf"r twt......1MI o f ~
R•pltt\ In.
aonal 1u,,prrty hJJ\)' r-...,1lc-\ y thf' u•n«- at tb~ \1111" of t"1111uc- ■ummona
or flt 11n ►• L1111" hd11rt, 11u~•rr, ui,on m.al.:lnC' Amdavu, 1howlt11' tha\ \he
pl11lntlrT 11 thr "" urr or thr '-'h1p,rrty or rntltkd to t}(.llLl'lt·uJ11n Ul~re-of;
tll.\l lL la •tnonl(fttl\y ,lrlA\o"I, &h•l bu no~ b(-rn t&kt'U for a tat.
auM,mrnt or flnl" p11n1u"nt to a tt.l\tutc or arlU<-.1 un1IN an aU.aC"brnf'D\
or l\ll rtrl"\111,,n """l111t lt1f' pl11lntllT . or U 90 M"lMMJ tl1J1t It la r1cmpt;
A d,-111And Cor Lhe
&nil Al'41 llAtln(' th,· t\1.: tUAI \J\IUl' of \bf' r,rop('rty.
dr\l\·rr)· of the pr11t,rrt)· 11hould be tnJoNN.l upon thC" ftm,!A\·lt and u
uo,h-rt.,1..lnr ln 11,,u!ilc the: \'&1Jf" ot the tH11,l("rty mu1t he rtvrQ.
Th(" ,1drud.'\n, tuu l\\'\J dll)'l ln ..._hlch to f'I.C'1"pt to 1,lftlntltf·11 rur,-tlc-a.
or hi- 1:\:\)' rc,,ul•r thr rrturn or tt".c propt'rtf ti)· r1, In..: l\U un,1rrtAt.:lnC
Jr ttu<"'b u11Jc-nl\klnit LI n .. t ich'-,.n
In r1,,,Jt•\(' thr \"n.lur or tl1(" tnnvrri,·.
:,tit~~
:i~,n~'t';.l:• truIU Uu, rl'.;tlc\·J Uie prup,c.ny 111~, ~ UUnOl.1 o\·tz
T11.1••·
All
ktn,l ■
ol prnpertf,• UN'lll puhllc proi,~ny and property
t~~ ~~;:;!~~'/~~ ~~~b
•
, ~ •~ ,,..... n·nt , .. ·r annum
0
Araln•t • •hrr1!T ,,r r.tbrf off'l-"'r for ~ t - of
..,.l1Jr11 .. n. t•o ,,_,...
ct•II i,,1.,in,r arala•t niu~.: , , • ._nty f1.1r \lo l a\J c1n of or ~tnao,. &t•to1l
ornr-r, f 1r 111.-n,> or ,1r,1,wt1y \.aarn u t\ich. ao,I ac111nst ra1 111 .. d fur
1 It.•< a 111 ,INI ur lnJq••··•J. on, J"&r \0 J.-(""11,\C'f l\.odi: ••· l fur tlr.;r. ' Jl.ll""QI
...,.....n,n,t. •n•I an1.,n1 .-,a1u1t a a.Jun1r al\ar ,w.)9<"1t.oa of c:w.atm bf'
...,,u.1lr ~,1nn:1•J,1nrr11 •It n,,,ri~ht
St.a, . . . Coll . . .
All ~ n,,t ltW<l'°lrA ' Tl .rt.tlo..,.J,. t,ve YHN.
1 Na auniac •l---oue ul ,.hlrot.1&.AL from lb .. "'t&tC-..
~::,.i;~•,:~~~ l~~i~•r1t1~tl~,-r:~I (~; '~~;:h:,-: 1~:\';~~ "!~\~
be •••~ ' &Ir.-
1
1
J•
Jlr,~_. ur 1,..,411,1\
a C'l,,lltract..
uttier
,n
11'
~t~~l~l~ua,~l~;~r:l~i
io:<"it)("tZ:xnr;:~c P~\\~;:~i~1~c
au c-1c-nu1,1n lr, IC"<tl on fill ■ u{'b u are 11r1t111turnt atur thC'." ltlth 1lAY
The
or ~o,·rmr,..r. aftrr whkh a p('nAlty of to 1•rr C'f'n\ l■ atSt11..··d.
)!:.
~~:
~~d
1
1 , 1: i:trc-!t"~h':!:'~~c=~:f)'~n~~~~i'l
1
1
~•;~
'!!"tc~·
niott th!\n '""«-nt)'--('ltht '1ays aftr1 the: nru rn1hllnHlnn flA}('I oft.he
n-111 t"lt.ft.t(" •• IJtlltlO. 'IUl1}r-rt to l'T't1f'm11t!lon Within thlrtf .... l l monthl
Th"' L)HN'h,ue munt)" drl\~ lokrt•·-'lt l\l I ~ r cc-nt
from 1latr of Ml(".
~'1 :n~r,i.~~,~~t~f
,:~~~
~~~S1~r~~~u!i~
~,~.~tlr~1~ ~la~::
t~~r;;~:is
~~r~ihl~:'~';,Jh;f
TA tea are &AH'._~
ootlN" t-0 lhr o,rnflr or ,,{'('11p11nt or th" prop,.rty.
to th~ J\ArtY In •h,1•c name th~ pro(ltrtf 1tanl1s or ~ r d on tb~ Orw\
i1on1II\)' lo ~1ar~h or l"AC'h 1·«-ar. An tnbrrtu.noe tas of •~ for ~,•pr,
llt)O wnrth of pru1w-r1y rnuat be p&1d by an)·oof:'. DOl a blood ~1&tlno.
lnbe-rtt!nc 111,b rroprtt)•; t\nd blood n-l"-tl1101 11.n,t &durtf"d cblldr~D
r;~~:o
' : ! , o ~ . f~r'~~~:.o~ropeny laber1U'd.
Digitized by
·si.atee UllUel'
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BANKING AND COMMERCIAL LAWS-NEBRASKA
1370
Redr,:s'1oD lll&F be made before deed bJ' payme111 of cues, 10 per
CUit
ty, &O oe11ta for publlcaUoD, aDd latereai at 1 per ceut per
m~~loD to &DDIII tu deed must be brousbt ID two J'e&l'I after date
of lalWloe, ts-Joa UI09J
WIiia. Effl7 penoD over etlblND J'e&l'I at ace and or .,und mind
may dlllpoee of all bla estate, real aDd penolUll, by Will. All Willa.
excepl DIUIOUp&\IVO, mut be ID wrl\lDc. And all Willa. ez08PI DUDeupat.1Ye ud boloenlpble, mut be euauled and au.tad u -tolloh:
1. wan be nbecrtbed by the ieaw.tor hlmaelf, or .,De one ID bla
p-oe and by bla dlreoiloD, muat 111becr1be bl8 DaJDe thereto. Z.
The - i o r ' • 81CDA'11nl mun be made ID the p-oe of t.be aheS\IDs
w t t • - or aclmowtedsed to baYe I>- made bJ' 111m or bY hie au\llortir. a. The testator mun declare to the atteltlnc wftD- tbal
\lie tuirumsl te hie will. c. There muet be uro attenlnc w t u who muet 111111 t.be wW at t.be testator's request. ID hie p-oe. An
boloeraPblc Will .. ODe CD~ wrltteD by t.be \eetator hlmNlf and
■ubJecl to DO form. Tbe estate beQlleat.bed by a DIIDCIIPl,\IYe wtll
muet uot exceed $1,000 ID value, mun be proved by two wttDmun bave been made ID actual coutemplaUon, fear, or per11 or deat.b,
and muet be proved wltblD till moatba after statl:Dc \be teetamelltarJ
worde u l - tbe eubstaaoe thereof was reduced to wrlttnr within
tblrt7 da)'I after they were apokea. A will executed acoorcUnr to
law of tbe State where the testator waa tbeD domiciled may be P"":
bated ID tble State.
a llell upon real ..sate. aaa. punaaat or lllllleClueDt to nClb. 111&)' ~
cbaae aucb real estate. but aball dlaDoN of eame wit.bbl lea ~ - f1D
time ot acqull'IDI ttUe. Tbeee provlalou do Doi apply IO raJlJMde mr
to real estate upon which buDdlnp are ereclecl and malDl&bled Ill
maautactul'IDI purpoeee, nor to t.bat within the oorporale limn. al
cltlea &Dd toWDI. Allens Wbo declare their IDteDUOII
become C!IIIRII
of tile UDlted States tblrtJ' 4aya before an elect.Ion. OODformablJ' w Ula
laws of tlle Untied Sta\Cll on nbJect of uaturalllalloa. are el«:IOII.
eame u oltlSGI.
ArbltnUon. lnatead of aubmlttlnr a OODlroY--,, to • - , i ,
p&r\les may..,.. ID wrlt!Dr artlltraton. 'I'll- deolaloa. &her .....
matloD by t1te ooun, •ball etaDd u a Juclrment.
4rrelu. Amin and tmprleoDIDOII\ ID ch1I acu- tor ,..,. 1ft
abollabed.
..aalpmen\8, <See E:a:emptloaa. AalalowledCJDaala.> £ - ,
ualpmea& tor bellellt of oredltol'I aball be macle io \be abertir ot \IN
oounty, and aball lDolude all propeny of tlle Ullnlor, aoep, 81ICII u
may be exempt. AellCDIDeDta abal1 be executed and &CllaaowledM
tlle eame u a cleed to real es1.ate. aact wltblD ureaty-fov boan efw
'°
'°
Ir
:!i~'l::O ~!:&:~.l~=•dl~J.~4:tfi:'~~~ ~
rertater of deed& omoe. and wttblD lblnJ' day& " allaU be _ , . . . Ill
auy other OOUDtJ' where propeny OODYeyed be ettuled. A . . . . .
may Ille and pro.-e a olallll &Dd OODOWTeDI tberewtUI, ~ PIUW8 •
eeparate remedy aratmi the aatraora for \be oolleoUoa or aadl dala
Ociaveyaaoee, preferenoee, p&J'IIIODII, pied~ or lnUlfen of pn,panJ
made bf an lmolYeDt debtor ID ooutempla\loD or ■-ob blNI....,,
wttblD llllr\J' claJ"S prtor to mall:lllr .........menl. are Told,
t.bal lhe -lrllor may P&J' or eeoure elem or eer-nuata' ......, exoeed!Dr 1100 to ADJ' oDe ~ - . and may pay or ..,. ._.
created within Dine moatba prior to lllel time aacl may - - UJ
debt contracted llmaltaueoualy wttll. Ute CIVIDC or nob -,tey.
4tt.acbments. Tbe plalDUrt a, the oommaa_, of aa aCIIA
may have an attachment acawt tbe defendant'• p~n7. w1lea 8t
amount le due. by IIIIDC an afllc1avlt ebowtur ADJ' of U10 toUow1al
rrounde: 1. That the defendant le a foi:elcD oorporallo1a or ielldeut or the State. z. Hu abeoonded wltll ta_, to debud
creclltora. a. Hae ltifl the country or bl• realdenoe io • - " ' Ille ...
Tice ot eammou. c. So ooaceala hlmeelf lbal a nmmom be eerved upon blm. r.. la abou\ to remove hta propeny. OI' a pan
lbereot. out ot tbe JurlecllctloD of tbe ooun with tlle llilal\ lo ddi-■I
ble creclltora. •. la aboUI IO OODvert ble proper\7, or • pan ~
IDto money for t.be pu.,,._ of placlllr I\ beyond \lie , _ _ ol llllt
oredltora. 7. Hae property or rlcbte ID ac&loll wllklll be - ' " ·
1. Hu aalned, remo1'ed, or dleJIC)led or. or le aboa, IO 4 - - ., llllt
p_ropenr,, or a pan \hereof. wttb ID-t
defraud Illa Ol'eiltion. •·
Fraudu uUy contracted the debt.or lncum,cl tbe obUCa\loa ror wlli$
ealt le broucbt. The affldavl\ muet tur\ber abow tbe aawre ol Dola1>
tUra claim, that It la Jua1 and tbc amout wbldl am.a, bellrftt
plallltlff olllbt to recover. No undertall:lllr le requln,4 ~ w
defaadaat bi a forelrD oorporatloa. or le a DOD-rslden, ot \be s in an other plalnitrr muai rtve an undel'\alrlnc ID do•bla Ill
amount of bla claim. If property cannot be aeleecl b7 \be olllleff ti
may be reaobed by ramtehmea, p ~ .
BanldDS, ADJ'. corporatlOD, paruierablp, or IDcllndaal me, aot a baaklDtt bualneea by l\n\ obtalDIDr permlelk>D h'OID ~ - ·
baDll:IDr board. which baa npe"leloD aacl OODUOI ot all ....__
ID&tl\Utlou ID the State. uu1 aball appolD\ e&am1- wboN . .ti
1, 1a
oaretuny IDvea\lrate t.be arratra or eaob bull a, lean •
J'MI', SavlDCI baall:e aball bave a, 1-1 IU,000 O&Pl\al and o111r
baDll:a abal1 have a o■J>ltal u follows: ID oommUDlllei ba-vtnc lauwtaate up to 1,100. $101 000; o1'er 11&00 &Del ap IO z.ooo. 111.. ..
1>e1w- 2.000 and a.oou. uo.ooo: beur- a,ooo Uld • , ~ u ...... .
between r.,ooo and 10,000, $101000: more \llaa 10,000. lt.u.000. S..
oapttal abal1 be ID money bull fanll\ale. aacl \lie baa .,...._ ..,
rrouad OD wblcb lltuai'ed. Which rroud eball be aaa-Jnbend, bU
ID DO aball the b&Dk ballc11D« and rroud. IOCe\ller Wllh funalQn
and 11:lturee. e:i:oeecl ID value one-third or Clle paid-op capital. &1111 wi
turDlture and 11:i:turee alone aball not e:loeed ID value to per «al ti
lbe pald-ufanc:fltal. Before oommactar I>.-- Ille MIik _ .
make a cle
atatemeut of lbe pros,oeed ba.llJlea IO \be ~
board, wblcb, after approval, abaD llne a ollarter. 2......, beak • •
make a& lean quarterly detailed reporta uder oa\11, llboWIIIC 1k
amout loaned UP<>D boade and monaaree. amoun, loalled •iaoa bWe of e:i:cbun. ovenlratta. and ot.ber MCUrltlea. W1UI Ge a - '
marll:ei value thereof, t.be amout or reclllooUDte Uld ol oo-=~
paper paat due, the amoua\ 1Dveated ID real esta&e. &1-'- I l l e . of caah OD band and OD depoelt ID baau or lrUlt oomJ)&llla. . .~ i . aames and tbe amount deJ)Ollled ID each. and Clle amo11D1 ot aD _.,.
ueeta, torether with auch other IDformetloD u the baaklDc boanl - ,
require. A eummar, of such repon mun be put>Uabed la loall
aewapaper and proof or nc:11 publloaUoD UUIIDllnecl to Ute taaaa.&
board, &Del such board may o■II for ~ repona al &AJ' Um■. ,.._
ure to make reporta eatalla a penalty of UO for eaob ~ • , . . _ _ , .
ud t.boee mall:1111 falle atatemeata ta Rell repona or ID U. lloNII al
tbe bull may be puDlehed u teloue. 1' le 1111:ewtee • ~ for a .._
to reoe1.-e moaeya or perm!\ eame io be -a•ed OD deDOall . . _ -■
bank le 111m1vs1: to loan to an officer or -ploye or i . flDIPOllwlt.bou, the a1>pro.-a1 of a maJorl\J' of the dtrecton: le OUWF u . ADJ' note or oblJP\IOD or &lie panaerablp, - l i e r l b - ' . e r ~
al, where ncb . par\Del'lblp or IDdlYldaal do a baaldM baallNa; •
DenDlt ebarebolclen. where tbe bull: 18 a oorporat.ton. lo ~ •
ilebted ID a sum e:i:oeedtnr DO per _ , or the paid-up e&llllal . . _ .
b&DII. Every etooll:llolder .. llable tor debll . - - - . dUIM ownenblp of etocll:. tor an amou, equal to Clle pald-:&.oe
. . i - al ta1
aba,- beld. and all eba,- or ■-ll arw a-■d ID tlle
...,_ •
bank ta localed, whether tlle ownera ~-r reelde 111«'9 M - . _,
1.a&et are a lien upon the atoolr. No MYIDP baDk aball ~ •
poette e:i:oeedlor ten Umee lta paid-Gp eapl\al &ad - - ~ .a
ruaranty ruad 11 provided by • - e a u on an at.ate b&ab __,
upon the &verage dally clopoodbl. BUlll: _,. loan
t.o _..,. ttmM amount ot .-apltal tot.ocll: and llUT'Plua. AD - l e ~ ID of ovw 25,000 mUAt 11:eep a ,-ve ot 20 per een,.
BW• or Escban... (See Nolee aacl Billa or Excllaac9.>
Chattel Mortp.... Bvery chattel moncace, If_, •
Pl ...
by an Immediate deliver, of the rooda &Del lie rouo. . bJ" - _....,
and ooatlaaed cb&Dre ot ~ o • thereof. le abealaleQ' nld .,
acalDat credltora of tlle monNQr_ and u acatDII nlleeq-' ,...
cbuera aad monaaa- ID IOOd lalUI, -.Dita nob moftSaA •a..,
lbereof. be tiled ID \he OOU\F clarll'• om., WIMn \lie • - n a l l &
aacl If be be • DOD-relldeat, \lleD ID \lie alerll'• otlloe . . . w1lere Ibo IDOncared proper&)' be llwaleCI. &loll ~'48 . . . . . .
Deed not be actmowlednd 1lDIW II _.,.., llo":Cl
aooda _ . Ill
tile family by tbe bu1bend aacl wife. or 91\her, la
tell II lit
alraecl aad aoknowlednd bF be\11 buallancl &Del ..V.. .a. • ..a
estate ooD1'eJ'-. Verbal mo...._ are lood ~ 1M
It 1a a leloUJ' to ,ramrer or dlapae or ..-11&1 pnpeny wtthou, proourtar \lie oouea, cit I.II• - ~ or te OU\ of tbo OOUD\J with IDten\
clefra1MS ... mon&a19e oC - •
OlaJme. (See Aooollllta. AclmlalllraUOD oC Bnalaa.)
Oommwc,lal TraYelere, (See
Oen..Uenal l a l - A ale er lelN et . , . _ . . ~ .. _..
&Dd tt\le thereto ffll&IDed ID . . ••clor 1111\11 Ille piJ.t . . . . . . ..
run,- paid, or -dlttoD ooatplled wt~. ~ ,....._ Ille . . . . . . e t •
ese..-
'°
SYNOPSIS OF
THE LAWS OF NEBRASKA
'°
RELATnJOTO
BANKING AND COMMERCIAL USAGES
Revl.aed bJ' .llONTOOMY.RT, HALL "' YOONG, Attorney■ at Law, Omaha.
(See
Card ID Attorney•• Llat.)
4olmewledpneou <See Deedal may be made ID \Ille State
llefore a DOlarJ, clerk of ADY oourt. Jua\loe of the peace, 001111\y alerll:,
r.ieter of deeda. -\arJ of elate. llllder -1. If \be offloer baYe - ·
U aoll:Dowledrment \aka ID !lDY other state or tenllOrF, It mun be ID
-,,c1aaoe wt\11 \be laws of illle State or of \be elate or lenttorJ
wbere tall:ea. aacl muet be before-• ooun of record or olerll: or ol!loer
ulclbls-1 Ulereof. or a oommlaloller of cleeda apl)Olated by Sbe
..-.or ol 1111a Slale tor 111&1 PlllP080, or aotarF publlo. or Jua\loe o r ~
It Ille omoer have DO eeal, \Ilea tbe ackaowledrmeat mua& have
aHeobed dlerelO a oenl4o■le of the clerk of a ooun ot ,-rd, or ot.ber
pn>jlOI' ~ omoer or t.be dls\rtci or elate where tall:ea. und• \lie
. . i or Illa odlo■; abowtDr tbat the penoa talduc t.be aokllowledrmal
wu. at Clio data \hereof. nob oftloer u be te tbereln rep-led to be:
lllel be le well acqualDted with the llandwrl\lDc of 111ob officer; tbal be
belle•• Ille Mid .._..,ure of tbe offloer to be ceautDe. uu1 t.bal tbe
deed or ot.ber lutrumeu\ le ackaowledftd ID .-rd&Doe wt1h \lie lawe
ol nob ela&e. dletrlol. or tarrttor,. l f acl<Dowlodrmeal \all:en ID a
forelCD OOlllllrJ, It may be aclalowledsed before any aotarr public.
mlllleter pleulpoteDtlerJ, es.traordluar, or ,-ldeat. cbal'I'• d'alralrel.
--laloDar, oo-erclal ...., or OODIUI of the UDlted S1.ates. In
executlllr aokDOWledrment. uotartea publlO - - write ID the date
wlulll lbelr -mlello• e:i:plree or elee Mid date muet be lmprtDlecl OD
'°""
=
Sllelr-18,
4cUona. Mual be bn,Upl by real part)' ID IDta-t. esoepl u to
~ . ww,w,e, etc. Howenr, uslgu- ot cbOl'ell tu act-IOU
ror p ~ or collection m&y eue on any l'lalm -1gnecl ID
bu\ eucb aat~- muai llln aecurt\y ror coete. Non-Nllldst
stve eecurtty fOC' coeta.
Admtnletntton ot Bet.awe. (See Deoedata.) County oourta
have excluat.-e JurtedlctloD over estates. AdmlnlltraUoa le rranted
10 widow or De&\ of 11:tu, or both. or eome one Mlccted by tbem; but If
IIUUltable, or tr \bey fall for tblrtJ' daya after deat.b of a party to a ~
tor lettera. eame m&y be teauecl IO a creditor, or to eome one Ml
by tbe Judce. E:i:ccutol'I and admlDletratora muat rtve boa • u
required by the court. and moat. within three moatba after apDCIIDiment. make rep0n ot all propertJ' beloa11Dr to 4---4. Ged'eral
~~c:i~•~
::::.i:s.a::J•1r=:ot
~::!i~:i1:~t:~~oem!° \:rt~d
polnt<ed. who llball mAll:e report Wlthrn two - R . Por,,onalry la d'f:.
- 4 of under dtrecUou of the county ooun, but to aell real estate,
lloeuae muat be obtained from tbe dletrtct coon. Debt■ of decedaal
are a lien upon all real estate.
41114aYlta. <See Depoeltlone.) Afflclavlta may be made befoN
uyone autl\ort&ed to take dep01ltlona. ud muet be aubaertbe<I ta
pre..,oc., or tbe omcer and aworu to before blm, and tbl1 fact mlll\ be
Ila tell In tbe affl,11\ \'It. If ID&de out or Stale 110d \be officer baa DO aeal,
amctavlt mu,, ha,·e &ti.Ached thereto a cenltlcete of clerk ot a ooun
rectUDc authority or 1ucb officer.
~ ~;•· "-on-resident alleu and forel(l'O oorporatloaa may Doi own
1..
Nobl'lUII<&. but lbo widows and beln, of IUCb alleue
,. , &A
P or to March 141. l~~o. have ten ye.an, to dlepose of
,. ~ : r '.':,~ :ho aoqutn,<l their owne~hlp prior to t.bal
eat \Q \be Si&t o D{lnr their Ure. tr not IIO dlol)Olled of, Ille
•
e.
uwc,·er. DOD•f'el'ldeot aHeas may acquire
r,
J:te,In
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BANKING AND COMMERCIAL LAWS-NEVADA
1372
IDNl'l'en&a, (See Aelpm•w.>
lntena&. Lecal rate la 7 per Oll!l~d ooa~ rate 10 per - ' Judcmen'8 draw aame rate u 1peo111ed to tbe tmuumen, oo whlob
J114lcmeat ob'61Ded. otbenrt.e 7 per oeat. A coatnot la DOI a'l'olded
by UllJ'J', but to ecttoo thenloa all paymen'8 are deduoied from \lie
prtJlct"'-1 and plal.DUII - • e n 0DIJ' tbe balance. WltbOllt lDserwt and
pay■ all ooaw
.luqme.n&a. (See Act.lou. Appeala, Exemptlou, Es-tlou.
raier-i.> Thoee -•end ID dlatilct. oourt are lieu upon real eatate
or debior from 6m day of term at wblcb rendered. escepi Uaoae by
ooat.moo and \lloae rendered et tbe aame term et wblch act.too commeoced are Uena ollly from date or readltloo. TnllamJR:,•cor Judcmnl
ID ooua\J' and ju\loe couna becom6 Uena from date of
ID the ollloe
of the clerk of the dlatrlot court. .Jud1111en'8 may be made a Uen upoa
laDdl ID other C011Dtlea by 6llDc traoacrtp'8 to the omoe of the clerll
of the dlltrlot court ID nch couatlel. A Judcment become■ dorman,
ID five J'e&n and Ueo upon real eatate ti lea\ If u-tlo• aot laued
wtthlD that t.lme. After dormancy may be revived by cenato pro,
oeed1uL Dormant Judcmeo1a C&DDO\ be revtved uaJe. aottoa io
revive be oolllJIIOllced wtthlD tea yeera. Ja Jud1111eo1a by ooare.loo
oeuae of action mut be 1'8ted to the Judcment or ID a wriWIC llled u a
pleadlnc. Defldeucy Judgment.a may be recove«d In mongege roreclOIIUl'e cus. tr tbe deftdeocy be auch tbet It may be recovered at law.
.larWJcUon, <See .A.cu- .Judcmea'8.>
.luaUeea of Uae • - • <See Courw. .Jud1111eota. Aotlou.)
Uoeme. <See Iuuruaoe A1911111.1 Commercial uavelen are aot
required
talle out a Uceoae. Tbere la e provtaloa to the code
requtrtnc all peddlera and comllllalloo merob&Dta io take out a Uoeue.
U&n1, (See .Judcmeota.) Materlal men and laborera and ClbeDlcie are eatlUed io hem upon the bulldlDc or lmprovemeaw for
materiel fW1llebed and labor pedormed. by lll1Dc to Ula omoe of the
redAel' or d-11 an 1---..s 11atemea1 o r _ , duly vertlled by
amda•II of ~J', lhowtoc alDOIID, due. aeiure of the oootnot
'°
:U~!'°:iti~roO:.~~
:f a'::e ~=t::!t~:V:oeag:
been ielleD In paymen, or the
copi. mut be attached. All
&OOOIUI\,
or111Dal coatracior mut Ille auch 1'8temeo, wttblD four mootba from
the t.lme or turotahloc auch mater1al or pedormtac tbe labor; a n~
contractor wtUIID 1IUJ' daJ'I. LleD das. beck IO commenoemen, of
work or labor and la valid for ,wo yeera from dese of llltoc. All
meobanlce" Uena oo Ula aame prem1- are of equal pr1or11J' ead pro,
rate to the prooeeda of ale of property. If ■old under foreclOIUJ'9 Ulereof.
UmUaUon-. .Acllooa brouldlt \0 recover rea1 property or fo....
oloee monca,ea thereon mut tie colllllleDced wtiblil tea yeen after
oauae or aotloa accrues. Actloaa for rordble eDUJ' and d-alloo.
Ubel. elaader. aaaul, and bettel'J', mellotou p-Uoa. fa1N tmprtaoameni. and ~ eatoroe ~ t i • or fodeltura. mui be commeaoed wttbla one year. AoUou for tl'IIIJIUI io real properiy, taldae,
detalDtDC or IDJurlDC ~Dal property, upoa OODuaotl DOI ID wrtUU
upoa the llabUIIJ' created by 1'8tute th-•• forfeiture or PeDalCJ' for
toJurtee to rwbca ao, arlllDC out of ooatraot. tor relief oo the crouad
et fraud. ana all other eolloaa aot apecll!cally limited by 1'8tute,
mut be commenced wtthlD tour yeera. Act.loaa upoa a a-1&1\J',
acr-eot. coairaet. to wrttlas, _promtaory not.ea. eco.. and roreira
JQdcmeoll. mqat be OOIIUllellON wltllla~
ll·e eera. Aotlou upoa
odlolal boocb or es-\ON, admlDlltratora,
taaa, lhertaa. or other
omoen. and upoa 11&\Qiory bond.a. muat
oommen-S wt\bla tea
,...... U partlel uader dllebWtJ', oauae of action doea ao, o o rua until noh dtaebWIJ' removed. Aotlou for damelW for oaUIDC
death mut be broull, wtiblo one year.
Limited Pannenblp. (See Panuenblpa.) An.tclel t ~
mut be In wrtitoc. aolloowledled by the pan.tea and reoorded to t.he
ollloe of the C011aiy clerk or every ~•CF where partoeNbl=hall have
a plaoe of bllllD-. Tbe 1peo1&1 partner ti aot liable
ood \be
amoua, contributed io the partoenblp fuada. bu\ hal ooth c to do
With the manacemeat or oooduot or \lie bullo-: otherwtae la liable
u paeral pert.Der. Speolal panoer'• aame lhall aot appear ID ibe
firm.
Married Women <aee Deceda'8, Evldeooe. EumpUou, Mar-rtace> may contract. harnJD, Nil. and ooavey their aeparate properiy
to t.be aame maaaer u may a man1ed man. and retato owneNblp
ead coouot of their own proper\J' aotwtthltandlllc the maman.
May 111e and be aued. oarry oa \rade or bllllaeel • U umamed, ud
eanatDc■ or &DJ' married woman ere her IIOle and aeparate property.
Mensa.... <Bee AcdoDI. AouowtedlUlealll. eouna. Dewar,
. Umlalloaa. Chattel Monca,e■.) Mortcacor, reprdl- of eUpuleeloa
ooatelaed to moncece <and ID Ille ebleaoe or ll)eala1 ecreemeni. wbloll
m- be to a aeparaie WrltlDC>. re\elU 1-1 title and rtcht ot i,oaeealoa
ol property. la ot OIIICDmai or moncace ti la aeter io record
Ille . eaatpmeat. If note MOUred bJ' monnn 1a oecodable Ullcamea, Deed ao, be -rded. Rel- ma7r tie DJ' aepara\e IDIUWDeol
o r ~ lbe moncace -rda to reci-r o deed"• omoe. aad It mortca.,.._ &her moncace fully paid, oecteota or retu■- for aevea daJ'I to
GJIOll&rs'9 no11 moncace, he la llable io a peaal\J' or 1100 ead aU ao..a
~ naered by Ille other pony.
Moncac- can ollly be foreololecl bJ' mi. and after foreolOIUJ'9 lull oolDIDelleed DO eotloD lie
lllelD\ellleG a, aaw upoa ,be debi. uDI- authorized by tile cour, aud
It eoUoo be flM oom-ced et law, oanoot torecloae \be monnn
ualll Judcmea, obtelaed and u.eouUoo retumed thereon 11D1&tlded.
Aher d - or roreclonre ot moncace obtatoed, deteodao, may etey
'1lnlaer prooeedlDp for DIDe moow by llllDI a requee, for l\eJ' to
\Ile omoe or the olerll: of Ille court wtthlD uraiy ciay1 after l1IOb
~ eoiered.
Such l\eJ' tleQIIITal•t to redempUoa period allowed
to olller siaiea, and owner may redeem at &DJ' time before ooaflrml,.
tlOD of aale. Deecla &NI bel4
be moncac- Wbell loteoded ODIJ' u
-.t\J', and mua, be toreololed u moncacea.
Nesellal»le ID1t.rumen&a. <See Note■.)
Netee an4 BW1. All ootea. bond■, or btua of uohance. esoep\
baall: ebeoke and to1trumen1a payable OD demand. are payable a,
llmee fixed tbereln. Without craoe: are ao, aecotlable ual- drawn
paJ'eble io a penoa. bearer. order. or uelCDI, It date of meturt\J' tall
OD Saturday or Sunday. or a holiday, are payable OD the oes, bllllaeel
day. PartJ' purcbuto1 aecottable paper before maturity, Without
noUce. talle 111trne free from equltlee betw-ortclDal parttea. Uniform
aecotlable loauumea, law la ID toroe.
Partnenblp Caee lJmlted Partoerablpa) mu■\ adop, and Ilsa
arttdee of panneBblp acreemeat abowtnc llnn ll&Dle. nature and plaoe
of bueloeas. name aod residence of eeob member, and Ille eame In the
omoe of tbe county olerll of the countY where bullneu la located.
Netrlect or refusal to comply wtth thll requtremeo, entalla penal\J',
hut doe, not c!Trct le,ralltJ' of blllloea trauaacted. Panoenblp may
sue 110d l>c •uNI lo the llrm name. 110d I\ II not oeceaary to ae, fon.h
lo tbc plM<ll1111;. or prove at the trial. the oamee of tbe penooa com•
pootnr the firm . hut lo eucb event platoua must rtve aecurt\y for COiia.
Plea41ns■•
<See Acttoaa.>
~,:r of Attorney to convey real estate mun be executed and
le-ed same u deeds and ma)• be recorded.
'""· Reirulat.ed by oode wbtcb II pal\erued after Ohio.
"'· (S~e Courta D e Of"de t ) Co
rl•dlcllon ol all· prohl\t.e
ten. uoty ooun baa exclusive
'°
IPn_...,. No&ee. (See No-.)
Preer er Clalma. (See Decede11111, -'-uaia.> a - ,..._ rt
e'lldeooe IOVWD u ID olvtl eoUooa.
IPn&uC. (See Note■.)
Beple'fln, Party JD&F ~•er poaeelloa of Nl-1 ~
wtthlD four t::9.e11'9r oauae of eolloo eoerued b,- 1ll1IIS Pl!II._ UI
&mdavlt lit
• acea, or eitomey, ctvtac a ~ al -■
property, 1'8t1Dc the factl oon.oected Willa \be o ~ aad Qlll llr
la enUtled io the Immediate poaealoa. etc.. of \be p,vpuv. It 11
then aelsed by the omoer and duly appralled. and ~-cweialP-flDs
bOUN thereatler plal.Dtla mui ctve bond ID double u.. ~ .......
OODdlUooed that he Wll1 duty P - t e the aotloll . .~..,. all and clam&,- tile\ may be awarded acetaa, blm, a n d - . Ille PNPlf'~~ value io the defeodalll la J.SC-1 . . a
::i::u•t,
a..enae. (See Tua.)
Salee, (See CoodlUoaal SaleU Men:haal aeimo\ NII la NR
Without 110tloe io oredltora.
8\alaw ef Uml&aUe- (See Llmla..._)
= ~ <~ ! : ~ u . .Judsmeaia. Moncac-.>
8WDID0DI, (See Aotlou, Aitechmalll, Divorce. Sen1aJ
Tasee. Tasea oa reel proper\J' are a Ilea ua- ~ 0 - - . t a
of J'-.:1 or le'l'J'. Tu• OD penoilal p ~ are a U.. . . . . . Ina
NoTember 11t of year of levy. Tu deed may ....,. after ,_.
from date of ale oeM:Uloete. Jahertl&DGII leS nna tram 1 ..., upward. Por ell real eatate IUel dellaqu- .... ,-ar - ..
OOUD'F ID&F ■ell tile proper\J' by eolloD ID ooun.
Tnut Cempanlee ere authorUed to act u e&-con. ..._...
traton. -iver. aceeia. eto.
Tnut Deeda are aeldom uaed and are a.tad u W tca.Ja.
WUb, <See Decedent■.) Every peraoa of tan ace aad --,
mllld may dtapoee of bla propeny by Will, whlell mui be _... .,
Ille tellator. or uader ht■ u p ~ dlreoUoD. bJ' aome one ID blla ~
and wbacrlbed to bla p-oe and ID \lie p,_oe ot eecb oca.. •
bla recau•i. by two or more oomf)etell, wtui-. Nuncupauw ...
are valid when proved by the oath ot three Wlta- p , _ . as QI
maklDI thereof. and w1leo the to1taior at the dme &eked t.a. .....
io bear Wlta- that IUch wu bla wt1l. or words of llke elleel. lfo . .
lhall be eaootuaJ to pea Utle to an:v property uDlea probated.. l"Dfflll
wtlll duly proved and ellowect ID any lf&te or foreln - " 7 . . , iii
probated tia tht,- State ID &DJ' OOUDtJ' Whereto Ille i.lator -.a .....
real or penooal property, oa wblcb the wtll lhall c,peraie.
W i t _ , <See l!!vldaoe.)
'°
'°
' 1
~,!i
SYNOPSIS OP
THE LAWS OF NEV ADA
RELATING TO
BANKING AND CONIIERCIAL USAGBS
Prepared &Dd Rev1Nd by .Joo- L. VAJt n-----. ~ Oouuelor a, Lew,~ <Bee Oard la•.....- Ui1LJ
AolmewleCIIDOD&a, B...,.--.., ...._ • ..._.ooze=
CODTeYIDlr or alfectlDS ..a ala\e, ue0 be sctmnrt I ~ •
and cei,J1led u follon: U Wit.Ida \Illa 8 - S. ~ lie a _ , . •
derll: ot a coari ba'l'IDC a ..a. DOCarJ' pahllC. _ , , ,_,.._ •
Jaatlce ot &be peace. Il wt\boat \Illa 8\etie. Md Wt1111D __,. t'_,.
Stat.ea. bJ' a Judie or derk ola 8tMe. UDlted 8t.e&ee. ar ......._,. _ .
bavln& e -1. • comm!...,... ol ct... for \Illa 8lale. er -,
public or Justice ol the peace la bla COUDIY. A .,_._._ _ . . .
wblch la euacbed to a deed to be ,-,dad oa, ol Illa ~ - have e cerWlcate ot a clerk or a C01ln ol _... ol 1111111 _ . , . • •
bla lllsDelure and oflldal ~
- U oa1akle of lbe trailed , . _
t.be admowledgmst can be bad bef«e • Judp er ~ e,t a havlaa e ~,or a a - , . ~ o r a m m ~ r • 1 - , • ~
al the UDlu,a 8tata. t.be 0Stillcate ol Illa
1Mtns __,. ~
edgmeot aba1l be anaaed to or -Soned on tbe
be under hand ead -1 acep, In ol Juaeae. of \be pa,c,e . aball be under the hand of wch J1JIIUce ol Ute pace aDd _ . . _ co
abon eiatect. The party a-tloa and ~ SM ment mat be known or proved bJ' 0Mb ol " ' ' - to N 1M ...party. and the eertlftcate muat IAlcll t'acl. aad ..., . .
be or 1be aclmowlednd tba& he or abe - t e l l Iba - - .
1 9'llllr
and ToluoterllJ' ead lor Iba a n d ~ Illa• X . . . Id
Conveyance by a matrled ls acSDowledled la.,. and form u that or a man and hu Illa .._. • ., .,.. unmarried. The form ot ec!mowledsmml by an ......,._. IMI ..
IUblt&DllaUJ' U follon:
a-u..... ... _,
Digitized by
Google
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BANKING AND COMMERC IAL LAWS-NE VADA
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p.,ra t lnn.1. ~' '-"""Pt lh~;,,Jur~D ourp..,ralh>Gli mu.t ou1u11l7 Wl\b ourpora,lk>D la-. o( \bl• :OU.le.
AMlnntl U1..d IA JU.llt'e CODrl D'IAJ' be ari-lt'd to 111►
.- . . . . ,..
.
Wr-t on11ru. Wbr,.,. tr1.Al It hJl,I ltr h 0 Vo an•t (',,n prnl"l-.·d no tanhrr
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app<'&INI to \be wp~u>e .,.. .. n.
J>mvlaloD IA ma'1e br I&• ror lbe 8PtU,m,nt nf di.
-'r1>1Crallen.
~:!~~ :f ,~-~~~,~~ . ~;r:::~ll d~~~~~ t~~a ~:_w~~ nJ1;~,;.!!!,'~
aeuoo .
A. rrau,1ulrnt or ah~1n,Unf t1rhtnr. nr onr whn rnn.....-Ala
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adN"ted hy th•
l-:i""Jl'- u
Aa•tcnnu•nta •n• ln-.oh••u· y.
Dfttl••nAl 1.._r&.nJ.t1t, ·y act ot 111.>A . thfl follo"IO~ lt•l11lc- rNtprrllh«
ln .. t l\rut •ld1tn1• m,_,. '"" 1l l •dLar~r1l f1111n
a,-. 1,u 111 rnt. .. lD f, ., ,.._..
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A.rrNt~
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lh• "IJL'l"''t ,rl 1' 1f' ,/, ; .,, .,
l,o l."'"f.-.,11\..uB .
\\"'11 of at\A('htnrnt rnay hf' 1..uf"d wttb 1ummo11a.
Attarhm•nt .
Jn an anl " n upon
•t any ttmr art .. r-•ant on ar?l d ,t,\lt a 11 ,l hond
t~7 ~::~n•;~~~~
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