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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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Banking Laws: An Official Manual Containing All State Laws of General Nature ...

West Virginia - 1917 - 174 páginas
...examination, and report. (Code 1916, c. 54.) § 8. Loans by bank on or purchase of its own stock. — No bank shall make any loan or discount on the security of...upon a debt previously contracted in good faith; and all stock purchased or acquired in such manner shall, within six months from the time of purchase,...
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Session Laws of the State of Washington

Washington (State) - 1917 - 952 páginas
...Own capital corporation shall make any loan or discount on the security 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 ninety days from the time of its...
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A Treatise on Trust Company Law

John Harold Sears - 1917 - 616 páginas
...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...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...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volumen86

Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1918 - 848 páginas
...section of our Banking Act above quoted. The provision in the Federal Act is as follows: "No association shall make any loan or discount on the security of...security or purchase shall be necessary to prevent Joss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within...
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The Pacific Reporter, Volumen169

1918 - 1330 páginas
...is as follows: "Xo association shall make any loan or discount on the security of the shares of it» own capital stock, nor be the purchaser or holder...purchase shall be necessary to prevent loss upon a debt prcviouly contracted in good faith; and stock so purchased or ucquired shall, within six months from...
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Instructions of the Comptroller of the Currency Relative to the Organization ...

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,...
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Banking Laws of the State of Missouri: Revision 1919

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...
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Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Volumen3

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...
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Annual Report of the Commissioner of Banks, Parte1

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...
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The Financial Organization of Society

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,...
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