Excerpt from Digest of Legal Opinions of Thomas B. Paton: General Counsel of the American Bankers Association; 1908-1921 For the past thirteen years there have been submitted to the General Counsel by members of the American Bankers Association many letters of inquiry requesting legal advice upon a given statement of facts. These questions, arising in the actual experience of banks, have been answered and advice has been given in the form of an opinion based, in most cases, upon legal authority. Inasmuch as so many opinions have accumulated, it was thought advisable, in the interest of all members, that a digest of them be made and published. In view of the fact that a large number of the situations dealt with are of importance to the business world, it is intended that its use as a reference book be extended not only to members of the American Bankers Association but also to lawyers and business men. An attempt has been made in each case to write in concise form a statement of facts, followed by the opinion, together with such legal authorities as could be found. For the variety of subjects treated and their practical bearing upon banking operations, the bankers are solely responsible, as it is they who have voluntarily submitted questions on the problems confronting them in every day business. It would then seem to follow that the book has the advantage of containing a selection of subjects confined to those matters only which have been troubling bankers most and which have already proved of sufficient interest to cause them to request legal advice. It is, of course, understood that the opinion of a lawyer, even though based on decisions of the courts of last resort or, in the absence of legal precedent, reasoned out upon sound legal principles, still remains an opinion. At most the reader can choose to use it and to depend upon it as a possible guide and source of information, and for these objects this book is published. Where an opinion is rendered on a subject upon which no case had ever been decided, the writer has cited legal authorities that are analogous to and in support of the principle involved. It is important, therefore, for the reader to note that those citations which are not directly in point are useful as supporting authority and collateral reading. The name of the state which follows each digest indicates the state from which the inquiry came, and where the abbreviation "JI." appears, it signifies that the full text of the same has been published in the "Association Journal." Each opinion, unless it clearly appears to the contrary, can be regarded in most cases as applicable to inquiries from all of the states in addition to the state from which the inquiry came. This volume has been preceded by and includes the smaller 1919-1920 edition, bearing the same title, containing a digest of the published opinions. It contains, in addition thereto, a digest of all of the opinions which heretofore have never been published in the "Association Journal" and which are in the large majority. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Delve into the legal opinions of one of the American banking industry's leading general counsels with this comprehensive digest. Featuring an index for easy reference, this book is an essential resource for anyone in the banking or legal professions. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.