|
|
Description and Holding Information
|
|
|
1838, General banking law of New York [Maine doc.]
|
|
Thirty-sixth Legislature. House. No. 5. General banking law of New York, passed April 18, 1838, with later amendments, printed for the use of the
Maine Legislature. A few points: the State Comptroller printed the bills used by banks in the state and registered bill numbers and denominations, etc.
A bank had to "buy" the bills from the state; no bank could issue bills on its own. There was a system of bank examiners and banks had to make
detailed reports. If a bank wanted to close, it had to recapture at least 90% of the bills it had issued. No bank could accept or circulate foreign
money. Each bank had to have an agent in either New York City or Albany, but banks could share agents. Receivers for failed banks answered to the court
and the bank examiners. (Digitized from a microfilm copy of title originally held by the Library of Congress).
|
|
|
Title:
General banking law of New York.
|
|
|
OCLC Number:
1417093697
|
|
|
|
|
|
Available Volumes
|
|
| Name | Fiche Count | Online | Paper Backup |
| Vol. 1 | | Yes | No |
|
|
|