North Carolina Corporation Code, Annotated: Containing the Statutes Affecting Private Corporations as Amended by the Extra Session of the General Assembly of 1921, and the Construction of These Statutes by the Courts Prior to January L, 1922, Together with Various Corporate Forms

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Harrision Company, 1922 - 1021 sider
 

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Manner of Organization
291
Establishment of Conveniences in Rural Communities
302
Subchapter One Insurance Department
314
Mutual Insurance Companies 349
315
General Regulations for Insurance
323
Deposit of Securities
330
General Domestic Companies
337
Guaranty Fund for Domestic Companies
346
Assessment Companies
355
Bond and Investment CompaniesBlue Sky Law
358
Fidelity Insurance Companies
363
Promoting and Holding Companies
365
Rate Making Companies
367
Real Estate Title Insurance Companies
370
Foreign Insurance Companies
371
Regulation of Life Insurance Companies
375
Fraternal Orders
377
Fraternal Benefit Societies
380
General Provisions for Societies
398
CHAPTER TWELVE MUNICIPAL CORPORATIONS Subchapter One Organization 400402 Subchapter Two Municipal Finance
399
General Provisions
402
Budget and Appropriations
403
Temporary Loans
406
Permanent Financing
408
Restrictions Upon the Exercise of Municipal Powers
423
CHAPTER THIRTEEN TAXATION Subchapter One Taxation in General
427
Taxation of Corporations by the State
429
Administration of Tax Laws
430
Annual Tax on Continued Existence Schedule C Reve nue Act
431
Short Title and Definitions
441
Imposition of Tax
443
Determination of Income
447
Returns
454
Collection and Enforcement of Tax
457
Penalties
461
Revision and Appeal
463
Administration
464
Miscellaneous Provisions
466
Private Corporations
468
Public Service Corporations other than Railroads
476
Railroads
487
SUGGESTIONS AND FORMS
503
Page
889
Charter of Tobacco Growers Cooperative Association
895
Table of Cases
905
Table of Comparative Sections
917
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Side 314 - ... but the person pledging such stock shall be considered as holding the same, and shall be liable as a stockholder accordingly, and the estates and funds in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Side 210 - To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith.
Side 148 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Side 200 - The indorsement must be an indorsement of the entire instrument. An indorsement, which purports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the instrument to two or more indorsees severally, does not operate as a negotiation of the instrument. But where the instrument has been paid in part, it may be indorsed as to the residue.
Side 455 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Side 457 - Any amount paid out for new buildings or for permanent Improvements or betterments made to increase the value of any property or estate...
Side 151 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Side 235 - The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken the drawer and indorsers are discharged from liability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto.
Side 454 - Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the Income.
Side 233 - The acceptance of a bill is the signification by the drawee of his assent to the order of the drawer. The acceptance must be in writing and signed by the drawee. It must not express that the drawee will perform his promise by any other means than the payment of money.

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