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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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Public Documents of Massachusetts, Volumen6

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...
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Reports of Cases in the Supreme Court of Nebraska, Volumen106

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...
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Acts and Resolves Passed by the General Court of Massachusetts

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...
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Materials for the Study of Banking

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...
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Corporation Laws of the State of Oklahoma Including Laws Relative to Oil and ...

Oklahoma - 1925 - 358 páginas
[ Lo sentimos, el contenido de esta página está restringido. ]
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The Federal Reporter, Volumen175

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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The Federal Reporter, Volumen24

1885 - 964 páginas
...notice. 1 Pars. Bills & Notes, 559, 560. Section 5201, Rev. St., reads as follows: "No association shall make any loan or discount on the security of...such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith, and stock so purchased...
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Paton's Digest: A Digest of Legal Opinions of Thomas B. Paton ..., Volumen2

Thomas Bugard Paton - 1926 - 1408 páginas
...paid. The National Bank Act (Rev. Stat. 5201; Сотр. Stat. § !>762) provides that "No association shall make any loan or discount on the security of...such shares unless such security or purchase shall i* necessary to prevent loss upon a debt previously contracted in good faith"; with a further provision...
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The Central Law Journal, Volumen6

1878 - 542 páginas
...the par value, In addition to the amount invested in such shares. * * * SEC. 5,301. No association shall make any loan or discount on the security of...six months from the time of its purchase, be sold er disposed of at public or private sale, or in default thereof a receiver may be appointed to close...
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Problems in Banking, Money and Credit

John Martin Chapman, Ray Bert Westerfield - 1927 - 798 páginas
...which you may be able to do. 190. Loans by a National Bank Secured by Its Own Stock No association shall make any loan or discount on the security of...purchased or acquired shall, within six months from time of its purchase, be sold or disposed of at public or private sale ; or in default thereof, a receiver...
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