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" No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted... "
Public Documents of Massachusetts - Página lii
por Massachusetts - 1893
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volumen1

United States. Congress. House - 1863 - 1178 páginas
...for the redemption of their circulation. "ЙЕС. 35. And be it further enac/i'd, That no association shall make any loan or discount on the security of...from the time of its purchase, be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business...
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The Merchants' Magazine and Commercial Review, Volumen51

1864 - 496 páginas
...stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted...shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which a receiver may he appointed to...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 páginas
...the amount due to them available for the redemption of this circulation. Sec. 35. No Association to make any loan or discount on the security of the shares...contracted in good faith ; and stock so purchased or required to be sold or disposed of, at public or private sale, within six months from the time of its...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 páginas
...bills issued by any association existing under and by virtue of. this act. SEC. 35. That no association shall make any loan or discount on • . • the security...from the time of its purchase, be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 páginas
...make any loan or discount on the security of the shares of its own capital stock, nor be the purehaser or holder of any such shares, unless such security...from the time of its purchase, be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business...
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An Analytical Digest of the Laws of the United States, Volumen2

Frederick Charles Brightly - 1869 - 680 páginas
...be necessary to prevent loss upon a debt previously con- stock n°'<0 ta tracted in good faith ;(c) 2k2g m mImfogoL o~` b ` n nio l l lPkXoYoZovowo]o l l l*m+m]m k kxoyo o o o `Uk ` n o o o o o o ochi j k n n n| at public or private sale, in default of which a receiver may be appointed to close up the business...
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Albany Law Journal, Volumen28

1884 - 550 páginas
...court on writ of error. FIELD, J. Section 5,201 of the Revised Statutes declares that " no association shall make any loan or discount on the security of...from the time of its purchase, be sold or disposed of at public or private sale, or in default thereof a receiver may be appointed to close up the business...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 páginas
...available for the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on the security of...and stock so purchased or acquired shall, within six mouths from the time of its purchase, be sold or disposed of at public or private sale, in default...
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 páginas
...the^owiT of its own capital stock, 14 nor be the purchaser or holder shares, except m of any such srmres, unless such security or purchase shall be necessary...from the time of its purchase, be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business...
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 208 páginas
...purchaser or holder shares, except in of any such shares, unless such security or purchase shall oertam be necessary to prevent loss upon a debt previously...from the time of its purchase, be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business...
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