Best online payday loans Maine

A building and loan association may be compelled to accept such a sum in satisfaction of a mortgage giren by one of its members and held by It, as accords with the representations in reference to its by-laws made by its sec- retary at the time of making a loan.

A borrower has no right to a deduction on account of best online payday loans Maine premium paid, except in case of a voluntary payment of his debt before maturity. The sharcs held by any member, being a berfexempt" houscholder, of any association incorporated under the pro- from levy, etc. And best online payday loans Maine such corporation shall be subject to all the provisions and require- ments of said act one hundred eighty-two, as amended by said act seventy-nine. Said foreign corporations best online payday loans Maine shall file with Foreign corpo- the secretary of state of this state, a copy of its act of in- JSpyS? Secretary of state shall authorize by certificate under seal.

To file state- ment which shall comply exactly with section 18. When secre- tary of state may cause ex- amination to be made. Upon compliance with the preceding sec- tions of this act by any foreign corporation, and the Minnesota small dollar loans secretary of state being satisfied that it is doing a lawful business, he shall authorize such foreign corporation to do business in this state by certificate under his seal. Unless the provisions of this act are bad credit personal loans Michigan fully complied with, no building and loan associa- tion, either foreign or domestic, shall be permitted to do busi- ness in this state, and all contracts made by them while in de- fault shall be absolutely void. Every foreign corporation organized under the laws of any state best online payday loans Maine or of any government foreign to the gov- ernment of the United States, authoHzed to transact business in this state, annually shall file with the secretary of state of this state, a statement which shall comply exactly with the requirements relative to Michigan building and loan associa- tions, as provided in section eighteen of this act. If it appears from any statement filed with the secretary of state under the provisions of this act that the corporation filing such statement, whether a foreign corpora- tion or one organized under the laws of this state, is doing an illegal or unsafe business, the secretary of state shall make, or cause to be made, an examination into the affairs of such cor- poration. Or when upon petition of fifty of the shareholders, setting forth that such petitoners believe said corporation to be conducting its business contrary to law, or that its affairs are in an unsound condition, or that they believe any of its statements are not correct, then said secretary of state, shall make or cause to be made an examination into the affairs of such corporation. Such examination shall be full and com- plete, and in making the same the examiner may put any offi- cer of such corporation, or any other person, under oath, to answer truthfully any questions that may be asked him, touch- ing the affairs and business of best online payday loans Maine such corporation and all the books, papers and records of such corporation, and all securi- ties held by it shall be subject to his inspection. Any willful false swearing in any examination shall be deemed perjury. The secretary of state or the deputy employed by him, shall be entitled to five dollars per day for each day occupied in making such examination, and necessary expenses, to be paid by such corporation. Should the secretary of state, or the deputy appointed by him, find any corporation organized under this act conducting its business in whole or in part contrary to law or failing to comply with the law, he shall so notify the board BUILDING AND LOAN LAWS. Upon failure to file such report it shall be the duty of the secretary of state to notify the president, secretary and treasurer of such corpora- tion of such failure, and if such report is not filed within thirty days from the date of such notices then it shall be the duty of the secretary of state to examine such corporation, as pro vided in section twenty-three of this act. Every officer, clerk or agent of any corpora- Penalty best online payday loans Maine for tion organized under this act, who embezzles, abstracts or tio? Service of process against any foreign cor- poration doing business under the provisions of this act may be had upon such foreign corporation by serving with process against such foreign corporation upon the secretary of state, who shall immediately forward a copy of the process served by him by mail, prepaid, directed to the secretary of such cor- poration at the last known postoffice address of such foreign corporation, and for each copy of the process the secretary of state shall be paid two dollars by the moving party of the suit, and the same taxed as costs against such foreign corporation. The secretary of state shall annually com- pile the reports of such associations required to be filed in his office and publish the same in his annual report to the governor. Every corporation doing business under the provisions of this act shall pay to the secretary of state for the use of the state- the sum of five dollars for receiving and filing each annual report required under the several sections of this act.