A Treatise on the Law and Procedure of Receivers, With Forms, Vol. 2

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Excerpt from A Treatise on the Law and Procedure of Receivers, With Forms, Vol. 2: Being a Greatly Enlarged, Newly Classified, and Entirely Re-WrittenBanking institutions occupy such a fiduciary character toward the public that corporations performing such functions are the subject of public concern and their activities are circumscribed by statutory regulations. Corporations, which hold or deal with the money of the general public, owe such deep responsibilities to their patrons that both the federal and state governments have enacted laws tending to protect such institutions from hasty or ill-advised litigation which would likely result in their premature dissolution. On the other hand, the laws regarding banking institutions generally provide a system of legal or administrative procedure under which an institution which is insolvent or is being im properly conducted may be given an opportunity to rehabilitate itself or remove the cause for criticism in its management before being subjected to the more drastic necessity of being judicially dissolved.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.