96 Banks

• Author: Ralph Hone
• Pages: #3

CHAPTER 96.

BANKS.

ARRANGEMENT OF SECTIONS.

SECTION.

1. SHORT TITLE.

2. INTERPRETATION.

3. APPLICATION OF ACT.

4. CERTIFIED COPIES OF ACTS, CHARTERS OR CERTIFICATES OF INCORPORATION TO BE RECORDED.

5. TRUSTS.

6. BANKS MAY HOLD REAL.PROPERTY.

7. DIVIDENDS To BE PAID OUT OF PROFITS ONLY.

8. YEARLY STATEMENTS TO BE PUBLISHED.

9. GOVERNOR MAY CALL FOR FURTHER INFORMATION.

10. FAILURE TO COMPLY WITH THE REQUIREMENTS OF SECTIONS 8 AND 9.

11. INJUNCTION TO RESTRAIN PERSONS, COMPANIES, ETC., ACTING CONTRARY TO THIS ACT.

12. SERVICE OF PROCESS.

13. NOTICES.

14. BYELAWS.

15. SUSPENSION OF SPECIE PAYMENTS FOR 60 DAYS.

16. RECOVERY OF PENALTIES.

17. DEPOSITS TO CREDIT OF DECEASED PERSONS, How DEALT WITH.

    CHAPTER 96.

    BANKS.

    AN ACT RELATING TO BANKS AND BANKING.

    [23rd August 1909.] 1. This Act may be cited as The Banks Act.

2. In this Act, unless the context otherwise requires'bank' means any bank to which this Act applies, and includes-a branch or agency of any bank;

   'bank note' extends and applies to all bills or notes for the payment of money to bearer on demand, issued by any bank under this Act;

   'cashier' includes the cashier of any branch or agency of a bank;

   'court' means the Supreme Court;

   'manager' includes the manager of any branch or agency of a bank;

   'Registrar' means the Registrar General;

   ''Registry' means the Registry of Records.

3. The provisions of this Act shall apply to every bank carrying on the business of bankers in the Colony.

4. -(1) Every bank commencing to carry on business in the Colony after the coming into operation of this Act, shall, within three days after commencing to carry on such business, cause to be filed in the Registry a copy of the Act, charter or certificate of incorporation of such bank.

   (2) Every such bank shall, in like manner, cause to be filed in the Registry copies of any further Act, charter or certificate of incorporation of such bank within three months from the date when such Act, charter or certificate of incorporation shall come into operation.

   (3) The correctness of all copies filed under this N 4 of 1909.

   10 of 1944.

   43 of 1964.

   Short title.

   Interpretation.

   Application of Act.

   Certified copies of Acts, charters or certificates of incorporation to be recorded.

   section shall be authenticated in such manner as the Governor may from time to time direct, and every such copy so filed shall be open to the inspection of all persons desiring to peruse the same without payment of any fee.

5. A bank shall not be bound to see to the Trusts. execution of any trust, whether expressed, implied or constructive, to which any share of its stock is subject.

   Banks may 6. A bank may...