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Collier on Bankruptcy, 7th ed. 1909,

$7.50 Cumming & Webster's New York Tax Law, 5th ed. 1909, 5.00 Eaton & Gilbert on Commercial Paper,

6.30 Eaton & Greene's Annotated Negotiable Instruments Law, 1.50 Ellis Case Law of Banks and Banking, 2 vols.,

10.00 Frost on New York Corporations, 1909,

6.30 McElroy on the Transfer Tax Law, 2nd ed. 1909, . 6.00 Paine's Banking Laws, 6th ed. State and National, 1909, 6.00

D

For sale by all Law Booksellers

or the Publishers, MATTHEW BENDER & CO.,

Albany, N. Y.

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TOGETHER WITH THE ACTS AFFECTING MONEYED CORPORATIONS GENER-
ALLY, INCLUDING THE STOCK CORPORATION LAW, THE GENERAL
CORPORATION LAW, THE NEGOTIABLE INSTRUMENTS
LAW, AND THOSE PARTS OF THE TAX LAW
AND OF THE PENAL LAW APPLICABLE

THERETO; UNDER THE

CONSOLIDATED LAWS OF 1909

ALSO THE

NATIONAL BANK ACT AS AMENDED, AND COGNATE UNITED STATES STATUTES

ANNOTATED

BY

WILLIS S. PAINE, LL. D.

Author of "Paine's Building and Loan Associations," "Summary of Failed savings Banks," etc

SIXTH EDITION

IMB

ALBANY, N. Y.
MATTHEW BENDER & COMPANY

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PREFACE TO SIXTH EDITION.

In 1909 the “ Consolidated Laws” were enacted by the New York Legislature and the “ Banking Law” became Chapter II. thereof. There have been substantial changes from the previous Banking Law which formed part of the “General Laws," and considerable matter previously contained in other statutes was made part of this newlyarranged "Banking Law.” The changes in the transposition and rearrangement of the various parts of the law, affecting banks and banking, have resulted in a new series of section numbers. The statutory regulations affecting Co-operative Savings and Loan Associations and Building and Lot Associations, formerly contained in section 1 to 6 inclusive, chapter 600, Laws of 1906, now repealed, are to be found in sections 240 to 245 inclusive. Chapter 326 of the Laws of 1895, treating of personal loan associations, is contained in a new article numbered 10. The provisions of the criminal law that affect banking and banking corporations formerly contained in the "Penal Code” are now to be found in the newlytermed “ Penal Law” forming part of the Consolidated Laws. The Governor signed the General Construction Law, formerly termed the Statutory Construction Law, to accompany the Consolidated Laws. This provides that legal precedents established by decisions on the original laws should not be disturbed by the consolidation of those statutes.

It would seem that an unnecessary variation was made by the revisers in changing the numbering of the sections because the law, as it stood, provided for the incorporation of new sections without disturbing the then existing numbers.

In view of the revision made by the author in the year 1882 and the subsequent compilation made by the revisers appointed in pursuance of chapter 289 of the Laws of 1889, there is reason to believe that a third revision of the Banking Law was not needed.

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