 | United States. Office of the Comptroller of the Currency - 1919 - 156 páginas
...loan act." 88. LOANS ON OR PURCHASE or THEIR OWN STOCK FORBIDDEN. (Sec. 5201, USRS) No association shall make any loan or discount on the security of...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 of the association,... | |
 | 1919 - 316 páginas
...purchased. 6. Shall not 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...good faith, and stock so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its... | |
 | 1919 - 832 páginas
...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...security or purchase shall be necessary to prevent lose upon a debt previously contracted in good faith, and such stock shall within six montha from the... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1920 - 792 páginas
...discount on the security of the shares of its own capital stock, nor be the purchaser or holder of such shares, unless such security or purchase shall...so purchased or acquired shall, within six months after its purchase, be sold or disposed of at public or private sale. SECTION 34. The total liabilities... | |
 | Harold Glenn Moulton - 1921 - 826 páginas
...borrowed. (National Bank Act, as amended June 22, 1906.) c) On security of own stock: No association shall make any loan or discount on the security of...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. (National Bank Act,... | |
 | Massachusetts - 1921 - 1310 páginas
...personal property upon such terms as may be agreed upon. SECTION 33. No such corporation shall make a loan or discount on the security of the shares of...own capital stock, nor be the purchaser or holder of such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously... | |
 | Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - 1922 - 980 páginas
...own stock by a national bank is prohibited. The act, so far as applicable, follows : "No association shall make any loan or discount on the security of...purchaser or holder of any such shares, unless such I<rwa State & Savings Bank v. City Nat. Bank. security or purchase shall be necessary to prevent loss... | |
 | Massachusetts - 1922 - 1076 páginas
...to read as follows: — Section 89. No such Trust oomcorporation shall directly or indirectly make a loan or discount on the security of the shares of...own capital stock, nor be the purchaser or holder of such shares, unless such etc' security or purchase shall be necessary to prevent loss upon a debt previously... | |
 | James Dysart Magee - 1923 - 794 páginas
...purchased. 6. Shall not 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...good faith, and stock so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its... | |
 | 1910 - 1050 páginas
...of Its funds In the stock of any other bank or corporation, nor make any loans or discounts on tlie security of the shares of its own capital stock, nor...upon a debt previously contracted in good faith." That the charter of a private corporation having a capital stock, such as the bank in question, constitutes... | |
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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... 
