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Show GLEAN CONDUCT IN BUSINESS Tenth Legislature Passed Group of H Six Laws at Last Session YVhlch IH Are Valuable to the H State i: H Tho monthly letter on "frado and ' 'H Finance" by tho National Copper H Dank of Salt Lake gives a rcvlow or ',H some ot tho legislation which past 'H tho Tenth Legislature, dealing w.th H bifslncss problems which aro of Inter- H to H Early' In tho session there was H pnsscd ono group of six laws, all deal- H lng Intelligently with featuro or bust- I'iI Hess practice Ono of them const!- iH tutes a much needed protection. 'H against tho fraudulent operations ot H so-called collection agencies, usually .H operating from distant hcadquartors, H which havo In tho past often otftaln- H cd ndvanco foes for work thoy novor ' iH Intended to do, or which, under au- H thorlty from tho owner of an account H have mado collections, given valid re- H celpts, and then failed to make over H tho proceeds. With Irresponsible con- rH corns no satisfactory remedy was to jH ho had, but the now law requires that H all agencies give n bond of $5000 to H the Secretary of tho Stato, out ot H which any person Injured by an act H ot the agency can recover his losses. H Tho second law decrees that in iH cases ot bankruptcies and assign- H ments the landlord's lien may not boa J entered as a valid claim except to the extent or six months rental. In H the past tho landlord's lien for unpaid rentals has had priority over all oth- B cr claims except purchase money mortgages, wago Hens nnd taxes, and to an unlimited extent. In conso- jH tiuenro thoro was otten collusion bo- H tween tho landlord and tho merchant, with the result that mercantile crod- H Itors would find a largo accumulation H of unpaid rent taking prcccdondeorex. - - H their own claims nnd perhaps com- H plctcly absorbing tho debtor's nsscts. H The present law cuts oft tho oppor- . H tunlty for this particular sort ot H With similar Intent tho wngo lien H law was passed, stating that no wago H lien can ho filed ngalnst n bankrupt H or assigned concern for n sum great- H cr than $400, nnd In no enso for a H Bum that would exceed tho claimant's H earnings for flvo months. Any such H clnlms on tho part or a manager, part- H nor or officer will bo automntlcnlly H suspended by tho bankruptcy or as- -H slgnmcnt. H It wns also enacted that a bust- H ncss cannot 'bo conducted under an H nssumed name or partnership stylo H except after filing with tho clerk ot fl tho county nn affidavit sotting forth M this nnmo and tho location of tho JM principal placo of business,, together U with the full names nnd addresses M of tho persons owning or conducting M the business, M Anothor of tho group was a law H which makes tho drawing ot a check H knowing that balances or credits in H the hands of tho draweo aro not But- H flclent for payment, a mlsdemennor, H and tljo mere act ot drawing It prima H facto evidence of Intent tV defraud. H Tho now law Is moro drrtstlcMIian M the old ono, which utterly failed to jH protect tho public against tho man 'H who opens a small' bank account moro ;H ly to guard himself ngalnst logai at- H tacit, and then proceeds to give worth H less checks right and left. JH A, law alrcndyoni the, books regard- .bH lng tho mnklng of falso statements jH ot financial worth was amended and H Continued on pago olght 'H CLEAN CONDUCT IN BU8INES8 (Continued from page one) made more stringent. It provides that any person who makos a false statement, state-ment, or causes It to bo made, or uses It after tho making, shall be subject to fine or imprisonment or both. Tbo whole group Is a highly valuable valu-able bne, making strongly for the clean conduct ot business within this stato. |