Banking
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In our eReader you can find the full English version of the book. Read Banking Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Banking
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The principles involved here are the same as in the case of capital requirements. The only important difference between capital and sur- plus is that surplus may be paid out in dividends at the will of the directors unless the law fixes a mini- mum amount which must be kept in the business. It is a general principle of law that capital must not be reduced by dividend payments.
3. Stock notes. — One of the hardest struggles in the development of sound banking has been the fight to make stockhold...ers actually pay cash for their shares. In the national banking system, at least 50 per cent of the capital must be paid in cash before ' the bank can begin business, and the remainder must 166 BANKING be paid in monthly instalments of not less than ten per cent each. This is almost the same as requiring that all the stock be paid for in the beginning. Some of the state laws are more lenient. A high capital requirement is sometimes made with the provision that only a small amount need be paid in.
What to read after Banking?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Hamilton Institute (U.S.) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The principles involved here are the same as in the case of capital requirements. The only important difference between capital and sur- plus is that surplus may be paid out in dividends at the will of the directors unless the law fixes a mini- mum amount which must be kept in the business. It is a general principle of law that capital must not be reduced by dividend payments.
3. Stock notes. — One of the hardest struggles in the development of sound banking has been the fight to make stockhold...ers actually pay cash for their shares. In the national banking system, at least 50 per cent of the capital must be paid in cash before ' the bank can begin business, and the remainder must 166 BANKING be paid in monthly instalments of not less than ten per cent each. This is almost the same as requiring that all the stock be paid for in the beginning. Some of the state laws are more lenient. A high capital requirement is sometimes made with the provision that only a small amount need be paid in.
What to read after Banking?
You can find similar books in the "Read Also" column, or choose other free books by Alexander Hamilton Institute (U.S.) to read onlineMoreLess
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