To Prohibit Banks from Voting Their Own Stock and Provide for Cumulative Voting: Hearings Before ... , 90-2 on H.R. 13884 ... , July 16 and 17, 19681968 - 202 pages |
Common terms and phrases
American Bankers Association authority average Bank & Trust bank examiners bank holding bank offices bank voting bank's Banking Advisory Board Banking Code banking facilities banking laws banking system banks in Ohio banks operating beneficiary bill board of directors branch banks branch offices cent Chairman PATMAN chartered Cleveland Trust CODE ANN committee competition Comptroller Corporation Code counties court cumulative voting Cuyahoga County Deposit Insurance Corporation disposable personal income Division of Banks dual banking election of directors FDIC Federal Deposit Insurance Federal Reserve System fiduciary capacity interest legislation loan-to-deposit ratio loans million National Bank National Bank Act number of banks Ohio banks Pennsylvania percent permitted prohibition provide for cumulative proxy RANDALL right to straight settlor shareholders square miles STAT state-chartered banks statewide branching stock held stockholder straight or cumulative Superintendent of Banks tion total assets trust company trust department trust instrument unit banks voting rights Whalen York
Popular passages
Page 17 - Many forms of conduct permissible in a workaday world for those acting at arm's length, are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the morals of the market place. Not honesty alone, but the punctilio of an honor the most sensitive, is then the standard of behavior.
Page 192 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death (1) the possession or enjoyment of, or the right to the income from, the property, or (2) the right, either alone or in conjunction with any person, to designate the persons who shall possess or enjoy the property or the income therefrom; except in case of a bona fide sale for an adequate and full consideration in money or money's...
Page 46 - ... every stockholder shall have the right to vote in person or by proxy the number of shares owned by him for as many persons as there are directors to be elected, or to cumulate...
Page 6 - March 9, 1933, as amended; (2) in the election of directors, shares of its own stock held by a national bank as sole trustee, whether registered in its own name as such trustee or in the name of its nominee, shall not be voted by the registered owner unless under the terms of the trust the manner in which such shares shall be voted may be determined by a donor or beneficiary of the trust and unless such donor or beneficiary actually directs how such shares shall be voted...
Page 16 - The trustee is under a duty to the beneficiary to administer the trust solely in the interest of the beneficiary.
Page 13 - But in statutes levying taxes the literal meaning of the words employed is most important for such statutes are not to be extended by Implication beyond the clear import of the language used.
Page 46 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them, on the same principle, among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner...
Page 45 - ... nor shares held by another corporation if a majority of the shares entitled to vote for the election of directors of such other corporation is held by the corporation, shall be voted at any meeting or counted in determining the total number of outstanding shares at any given time.
Page 191 - ... a power to control the investment of the trust funds either by directing investments or reinvestments, or by vetoing proposed investments or reinvestments...
Page 44 - ... the name of its nominee, shall not be voted by the registered owner unless under the terms of the trust the manner in which such shares shall be voted may be determined by a donor or beneficiary of the trust and unless such donor or beneficiary actually directs how such shares shall be voted, (3) shares of its own stock held by a national bank and one or more persons as trustees may be voted by such other person or persons...