Untitled Texas Attorney General Opinion ( 1943 )

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287
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OFFICE OF THE AlTORNEY GENERAL OF TEXAS
AUSTIN
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8
A. s. Rutnon, J?., pb# 3
lallor&blo
lrtiolo 514, R. 0. 8., a8 Mended, protldenr
WfJkn Md Bank and uunt Oupmion 0rut.d
unduth in
Tit& sh a ll
g no JJl~we h ?ulltatr
SW #a tranMotion
nwh ali6heJ Mf aoquire
in tha anfotooun ~4 oollootiom of debta and
liBbluti~8&letot&r, shiohlmdn .oroQulrti
ooqwatiolp nh8llk allmtod br it
8 aster itn ua”““‘“:~t-~
not ho&d l g r ep o ?f~
r w l la m& u
tt sh a llp r o o wr l owtlflraa
oaMi88ioau th8t it, intuutn or-
-7 w - t0P.d SO& thOJ’OOfJ ir rhlah We&t
thotiwfw th e
lkr~bnutuhdfram~u~
to I*u88th aOa r ir r iwn r
nh8ll duo o t
la luo h
on~tffinato, not to oxmod aa lAdit%olPrlfir*
urn, but in 150wont till l Bak 01 m aa4
L r uto b p a uoywnlwh r ea ea l a tofw a p wlo d
~B@W thur t- fOU8J pO?id~d 6hat w - b%l
88b8 0f ~981 48tak t0 0fri+u8, de00ta8 w
8t6okholder8 of rwh aon& ma Bank and uuot oom-
puqnballb8Mdoc?aa~appaatheroewntof~
njoritr o f luoh 8tookh0lder8.'
regudlun ofrhethu lm4 hnldinviolat1anoJthis
Artiolalnoltatr to the dkte, It 18 plala thnt lan4 held br
l b a lk
inriolrltiao o fth ellrihr but mar. libuel pFo+i8ioM
of Chmptu k of TLtla 32, Rr 0. 1.. In lubjeot to foefeitura
b rlppjlw%ateoneheat proaodl8f@. ka&iao OS thin llabilitf
to forf*ltwo,Md for otbrr boa8oan
,-mw--t
hen &mad It judioiowthntUl had illo@ly holdbo wittoa
art the booksof the bud.
ponnlbllity thatthe Und uy k forieltod to the Mata mar,
it 18 trIJ0, result in 168 a4 l8ennod at 8 1m.r rmaa thaa
15 tho bnnk pwrorwd 8 title soed lrutthe ro?ld,aaduf
deerme the utent to uU0b tb a o&O?8 into the v*lw of
.