OFFICE OF THE AYTORNEY GENERAL OF TEXAS
AUSTIN
Honorable 01 1.
oounty Auditor
mleoor oounty
oorpw ohri8t1,
we a43knouledge
reoe
r8que6ting our opion 86’to
of the bank a6 reserve for o
.’quest read6 a6 r0li0v68
w0ren00 to the
bank oapttalt
wwi-y bank, vhethar Of lraue or do orit,..baaakor,
broker, daalor In arohango, or rtoekjob fl
8% .rhll at
tha tin4flxodby thlrchapter forUrtimg.pommal
property, make out aml itulnirhthe armor of taxes
a 6vorn 6tatsPrent6hovlng~
Roaoreble 0. j. Wilde, Pa&e 2
'1. I? a national bunk, the presideat or some
other offioer of 8uoh bank shall furnish to the as-
sessor of the oounty in vhioh ruoh bank Is looated a
list of the aams of all the shareholdersot th8 stook,
together vith the number and amount of the shares of
saoh stookholder of rtook In said bank1 and the share-
holders of the rtook In national banks shall reader to
the tax assessor of the oouut in vhioh raid bank is
looatsd the nuder of theirJlar.8 aad the true and
tFil1value thereof. All sharer of rtook in national
baakr not renderedto the assessor pf taxes in the ooun-
ty vhero ruoh bank Is looetad vithln the the presorib-
06 by lav for listing prsporty ter taxes shall bo aaaw-
o d b y th a ls#osser agaInatthe ovaor or ovnersthonoi
as unmadered property IS lssessed~ but the tax roll
shall shov the asm of ths ovnor or ovners thsrrof as
per rtstament fumishod by the president or other of-
fleers or said bank.
'2. Xatlcmal bank8 shall render all other bonds and
rtook of every kind, exoept Waited Btate8 beads, and all
share8 oS.oapital rtooks or ,Jolnt#took or rtosks or
other oompanlo8 or oorporatloashsld as an investueat
or in q~vaf representingassots, together pith all
other persoaal property beloqing or pertaining to said
baak, 4xo4pgtsuoh personal
exempted favm taxation by
“3, .,Natioaai baaks &all ~.requirod to rend00 all
of thslr ma1 estate as othss nal ertato 18 rendawd~
and all tha sr8onal property sf raid natioaal baaks~bore-
la taxed shbP1 k valued ati othsr~ personal propert is
valued.
'4.:.All OtheP badiS;.b8nk~+# .brokers;'ordmlO~8
OP rtoolcjo~bsss,6li&iwnds~ t&sir lwt in
.,
or in transit or
l amunt et billi reoelmble, dleoouuted or
due, laolud-
ing aooount8 rooelvable, lntersst aoorued but not due,
aad interest due and unpaid.
Honorable 0. S. Wilde, Page 3
a%lOlltItOf
thS itSIS
the flrst and ssooad of thS last tvo subdl-
riSiOll8 Sbi11 bS doduoted the amount of money on
dSpo8it.
"(4) - ProMt Of bad8 and StOOkS Of OYS kind,
e%oopt United 8kt.8 bonds,~Ud 811 ShSW8 of asp 1 tal
stooks Or joint StOOkS Of OthSl’ Oonppnil?8 Ol’ OOrpOl’S-
ticbaahold 88 an inVsStrSl%tOr in urj vS~ nprSsSnting
assots.
OP b~lnos~~~ lnoludlng.both personal prop-
lr ty’a nd
real @St&S, 8hSll bs 1iStsd 88 other pOP80~1
propert and real estate.”
Tao first three subd~r1~1oa~of sala ha& 7165 apply
only to national banks. Subdlvi8loa 4 appllss to “all motherb~nks~*
Art;olS 7166, mxas, Revised Olvll Statutes~,1925, pro-
vides for the MnditiOa Of Ma1 OUtstO ovned by thS biWk8, and for
thS aaauor of 88808~Ollt O? rt3alestate or the bank and o? the
ShSZ'OS Of stoak ovaed by it8 StOOkhOldSl’S in thS ?O~OVing hlg~S~0:
*xvory bmkiqg aorperetloa,atatS 0~ aatianal,
do* ?W~.88 in thi8 8t8tO ShsU, ill th8 Oitr OF
town *.*bLob it ls looated, mndo* fts anal Sstato
to.tbA t&g assessor at the tire an&in ths manor r~-
qrriwa af.indi~m8ii. At the time.of aaw ruoh
rendition tit0pnsidoat or some othm 0fri04r of said
bank shall ?llS with said assessor a sv~m statcrPsnt
8aop* th~11~bS~and~80~0f w 8har~8 S? 88ia
baa, th+aamo aria W8168aOO etlaoh 8hbmh0i&dr, aa
the aumboa aad aaount of sharrs ovasd by him, XYOFy
sharoho~der of said bank aball, in th. Oltr 1ovtama
vhororatabank ie.looaf~ed, roadoa'at tlwlp aetiqal
rSluo,to the ta* assas~or all SbmSs owaml by h3m.l.a
suoh .baaklaad la ease of hi8 failure so to 60 j, thb
as8ebsor ~b~l~Ss8e8s moh -naSmd sh~n8 88 othSr
UXkPSnd~~d’pMpO~t~, .%4h 8hsrO ilk 8UOh ksk Sb= b0
taxed ealyfoP.th4 di?fOl'OBOS bOtYOOn it8 8otMl Ocrsh
value and thy ppaportionato per shre at uhioh
amouut
it8P O81
lStatO i8 ‘m t8XOS duo UpOl!l th*
S8SO884d;
shares of bank- ooz-porationa shall be a lien themon,
and no banking oorporatlon shall pay say U&l&end to
--~. -,---- .. ..---L_~_
h-_,,
Bonorablo 0. 3. Wide, Pa@ 4
say shanholdervha i8 lade?aultlntho paymentor
kxO8 dU0 dllhi8 ShSPSSJ XtOF ShSll q bSIi* OOI’-
pontion ponait the transfer upoa its books of any
shah, the ovnor of vhioh Is in default in the pay-
mat of his kx68 upon tho 86I66. Not- herein oh811
be so oonstruod as to+ax national or Statr~baakr, or
ths shareholders thsreof, at a greator rate than is
l880880d against 0th~ moaeyod oapital in the hmU
Of iadiYidU818.'
The phi-88~%osor~~ for oontiageaalesalndfaatos &at
thebaalthas sat rpartrodse@ogatod& part ef Its oamod sur-
That ibnd, by vhatovorname it may bs oallsd, la a part
of the 'bank'8 arsonsl pr0p.r~. AS suoh it 18 neither 888o86-
able aor taxa?Po to the bank. Art1010 n66, supra; city of
Marshall 10~ State Beak of warsball, 60 0. A, 508,~127 s..Y. 1083.
On the other band, as personal property, It Is a papt of the as-
8ot8 of the beaL and is me of the faotors to be talceainto ooa-
slderat~on by the board of egualix8tlon ln SIxLag the value of
the 8tOok SOP t6X putpo668.
Trusting thathhe above fully 6~8vefr8your laqulry,vo
are
FolmP N0b4rts
~SSi8ts46
,._--.
ATTORiEY GliRAL OS ZECtiS
COMMITTEL
Untitled Texas Attorney General Opinion
Combined Opinion