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Description and Holding Information
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Senate. Comm. on Banks and Banking. Act to enable banks to become banking associations, 1865
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Forty-fourth Legislature. Senate. No. 5. The Committee on Banks and Banking submitted: An Act enabling the banks of this state to become banking
associations under the laws of the United States, 1865. Any bank incorporated in Maine could become a banking association as above. Two thirds of
the stockholders of the bank had to vote yes. Anyone who voted no could surrender his/her stock and receive fair market value for it. The bank would
surrender its state charter and post bond for the amount of its currency still circulating. As the currency was returned in exchange for the currency
issued by the federal Comptroller of the Currency, the old currency would be destroyed. The amount of the bond would gradually go down as the
currency was returned. Any and all of the bank's liabilities would remain and all its assets would automatically belong to the new association. Digitized
from a microfilm copy of title originally held by the Maine Historical Society Library, the Maine State Library, and the Library of Congress).
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Title:
An act to enable the banks of this state to become banking associations under the laws of the United States.
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OCLC Number:
1429592128
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Available Volumes
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| Name | Fiche Count | Online | Paper Backup |
| Vol. 1 | | Yes | No |
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