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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... "
Practical Information Concerning the Public Debt of the United States: With ... - Página 123
por William Adams Richardson - 1873 - 208 páginas
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Report of Senate Revision Committee, Appointed Under Senate Resolution No. 91

Kansas. Legislature. Senate. Revision Committee - 1890 - 248 páginas
...purchaser or holder of any 3 such shares, unless such security or purchase shall be necessary to pre4 vent loss upon a debt previously contracted in good faith, and stock so 5 purchased or acquired shall, within six months, be sold or disposed of at 6 public or private sale....
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Session Laws

South Dakota - 1891 - 392 páginas
...own 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...stock so purchased or acquired shall within six months be sold or disposed of at public or private sale. § 20. ASSETS AND LIABILITIES — RESERVE.] Each...
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Annual Report of the Commissioner of the Banking Department of the ..., Volumen2

Michigan. Banking Division - 1891 - 178 páginas
...sank not to noia any portion of its capital stock unless such purchase shall be capltal 8tock' etc. necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock...
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Reports of Cases Heard and Determined in the Court of Appeals of ..., Volumen1

New York (State). Court of Appeals - 1891 - 660 páginas
...shares of its own capital stock, and from pufchasing or holding any of such shares, unless it becomes necessary to prevent loss upon a debt previously contracted in good faith. The capital of the bank was $100,000, divided into one thousand shares of 8100 each. Lee entered the...
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Reports of Cases Decided in the Court of Appeals of the State of ..., Volumen130

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Samuel Hand, Edward Jordan Dimock, Hiram Edward Sickels, Edmund Hamilton Smith, Louis J. Rezzemini, Edwin Augustus Bedell, Alvah S. Newcomb, James Newton Fiero - 1892 - 844 páginas
...own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." (IT. SRS § 5201.) Assuming this to be true the defendants cannot take advantage of it, because the...
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Lawyers' Reports Annotated, Libro 14

1892 - 936 páginas
...its own capital stock, nor be the purchaser of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." US Rev. Stat. Ц 5201. Assuming this to be true, the defendants cannot lake advantage of it, because...
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Miscellaneous Reports. Cases Decided in the Courts of Record of ..., Volumen41

New York (State). Courts, Francis Blaine Delehanty (Reporter), Austin B. Griffin (Reporter), Robert George Scherer (Reporter), Edward Jordan Dimock (Reporter), Joseph Albert Lawson (Reporter), Charles Cook Lester (Reporter), William Van Rensselaer Erving (Reporter), Louis J. Rezzemini (Reporter) - 1903 - 752 páginas
...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...be sold or disposed of at public or private sale. Every person or corporation violating the provisions of this subdivision shall forfeit to the people...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 páginas
...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...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volumen56

Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - 1916 - 884 páginas
...stock, nor be the purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously...within six months from the time of its purchase, be so'.d or disposed of at public or private sale, and after the expiration of six months any such stock...
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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 páginas
...capital stock, nor be the purchaser or holder of anysuch shares, unless such security or purcha*? shall be necessary to prevent loss upon a debt previously...good faith; and stock so purchased or acquired shall be sold within six months from the time of its purchase. But no such purchase or sale shall relieve...
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