 | 1884 - 1126 páginas
...security of the shares of its own capital stock, and prohibit, also, every bank from purchasing or holding any such shares, unless such security or purchase...loss upon a debt previously contracted in good faith. Surely an implication is inadmissible which contradicts either the letter or the spirit of the act.... | |
 | 1918 - 1212 páginas
...is not provided, he shall be deemed guilty of a misdemeanor. National Banking Act declares that no association shall make any loan or discount on the security of the shares of its own capital stock, or be the purchaser or holder of any such shares, unless such security or purohnse shall be necessary... | |
 | Virginia. Supreme Court of Appeals - 1885 - 770 páginas
...1864 (section 5,201 US Rev. Stat.), under which act the said bank was organ ized, provides : " That no association shall make any loan or discount on the...stock, nor be the purchaser or holder of any such stock, unless such security or purchase shall he necessary to prevent loss on a debt previously contracted... | |
 | Michigan - 1887
...stockholders. No bank shall be the holder or purchaser of any portion of its capital stock unless such purchase shall be 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... | |
 | 1912 - 1268 páginas
...5 of section 25 of the banking law, so far as material, provided as follows : "No such corporation shall make any loan or discount on the security of...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith ;, and stock purchased or acquired shall, within six months... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 páginas
...corporation shall be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a...contracted in good faith ; and stock so purchased shall, within six months from the time of its, purchase, be sold or disposed of at public or private... | |
 | Irving Browne - 1889 - 824 páginas
...Britton. part of the capital stock of the association actually paid in." Section 5201 provides that no association shall make any loan or discount on the security of the shares of its own capital stock, nnless such security shall be necessary to prevent loss on a previously contracted debt. If the counts... | |
 | Michigan. Legislature - 1889 - 730 páginas
...the holder в»1»* not to or purchaser of any portion of its capital stock unless such pur- ' chase shall be 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... | |
 | Claudius Buchanan Patten - 1908 - 648 páginas
...Act is as follows: "No bank shall loan or discount on the security of shares in its own capital stock unless such security or purchase shall be necessary...upon a debt previously contracted in good faith." When shares are taken under the contingency last named the Bank Act demands that they be sold within... | |
 | New York (State). Court of Appeals - 1891 - 660 páginas
...upon the evidence. The United States Bank act (USR S., § 5201), prohibits a national bank from making any loan or discount on the security of the shares of its own capital stock, and from pufchasing or holding any of such shares, unless it becomes necessary to prevent loss upon... | |
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... 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 in good... 
