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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... "
The Revised Statutes, Codes and General Laws of the State of New York ... - Página 186
por New York (State) - 1896
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 páginas
...person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of...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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Laws of the United States Relating to Loans and the Currency, Since 1860

United States - 1878 - 308 páginas
...4ottomake loans, . &c., on tiie se. shall make any loan or discount on the security ot the own stock. shares of its own capital stock, nor be the purchaser...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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Albany Law Journal, Volumen17

1878 - 560 páginas
...shares. * * * 9 5201. No association shall make any loan or discount on the security of the shares of ita own capital stock, nor be the purchaser or holder...be sold or disposed of at public or private sale, or iu default thereof a receiver may be appointed to close up the business of the association, according...
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Reports of Cases in the Supreme Court of Nebraska, Volumen7

Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - 1878 - 632 páginas
...Bank, 3 Gill., 97. Section 36 of the act of congress of June 3, 1864, provides that no association shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within...
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Reports of Cases Determined in the Circuit Court of the United States for ...

United States. Circuit Court (1st Circuit), William Henry Clifford - 1878 - 732 páginas
...the act to make any loan or discount on the security of the shares of its own capital stock, or to be the purchaser or holder of any such shares, unless...loss, upon a debt previously contracted in good faith. 13 Stat. at Large, 110. Just such a provision is contained in ,the banking law of the State of Connecticut,...
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National Bank Cases: Containing All Decisions of Both the Federal and State ...

Isaac Grant Thompson - 1878 - 1018 páginas
...the National Banking Act of 1804, the thirty-fifth section of which provided: " That no associations shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser nor holder of any such, shares, unless such security or purchase shall be necessary to prevent loss...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse - 1879 - 724 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...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volumen2

Irving Browne - 1880 - 638 páginas
...Marine Bank, 3 Gill, 97. Section 36 of the act of Congress of June 3, 1864, provides that no association shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith ; and stock so purchased or acquired shall,...
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Supreme Court Reporter, Volumen16

United States. Supreme Court - 1896 - 1244 páginas
...by section 5201 of the Revised Statutes of the United States, which is as follows: "No association shall make any loan or discount on the security of...be sold or disposed of at public or private sale; or, In default thereof, Z я receiver may be appointed to close up the • business of the-assoc-int...
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A Treatise on the Law of Collateral Securities: As Applied to Negotiable ...

William Colebrooke - 1883 - 734 páginas
...S. Rev. Stats. 1878, §5201 , provides that " no association shall make any loan or discount on tLe security of the shares of its own capital stock, nor...be sold or disposed of at public or private sale, or in default thereof a receiver may be appointed to close up the bvsiness of the association." The...
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