Book Description

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ...916. Revocation of authority. 917. Cancellation of certificate 9ia Penalty. 919. Return of deposit 920. Service of process. 921. Withdrawal of company as surety. 922. Suit upon bond of company. 928. Collection of judgment against. 924. Agents. 925. Rights of persons guaran teed. 926. Revocation of authority. 927. Charged with public use. 901. Incorporation authorized--Corporations may be created to act as trustee, assignee, executor, administrator, guardian or receiver when designated by any person, corporation or court so to do, and to do a general fiduciary and depository business; to act as surety and guarantor of the fidelity of employes, trustees, executors, administrators, guardians or others appointed to or assuming the performance of any trust, public or private, under appointment by any court or tribunal, or under contract between private individuals or corporations; also on any bond or bonds that may be required to be filed in any judicial proceeding; to act as executor and testamentary guardian when designated as such by decedents; or to act as administrator or guardian when appointed by any court having jurisdiction. R. S. 642, sub. 37. 902. Method of incorporation.--Incorporation of companies of this character must be under the terms of article 643 et seq., R. S. (Ch. 3, Title I, hereof). 903. Authority to make bonds, etc--When any executor's, administrator's or guardian's bond or any bond required to be filed in any judicial proceeding may be signed as surety by any guaranty and fidelity corporation organized under section 37 of article 642, Revised Statutes, and if such corporation shall be deemed and considered by the officer charged by law with the duty of accepting and approving such bond as...