Banking Laws, 1909 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Banking Laws, 1909

Sec. 31. It shall be unlawful for two or more banks transacting a banking business in the same'city, town or village in this State to have or use the same name, or names so nearly alike as to cause confusion in transacting business, and in all cases where such similarity of names now exists. Or may hereafter exist, complaint may be made to the State Banking Board, and if, in the judgment of said board, such a similarity does exist, and does create confusion in conducting the business of either or both of said banks, then the board may require the junior bank in time of organization to so change or modify its name as to prevent such confusion, and the change of name so made shall be approved by said Banking Board.

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