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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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United States Reports: Cases Adjudged in the Supreme Court at ..., Volumen160

United States. Supreme Court - 1896 - 762 páginas
[ Lo sentimos, el contenido de esta página está restringido. ]
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Reports of Cases Heard and Determined in the Appellate Division ..., Volumen29

New York (State). Supreme Court. Appellate Division - 1898 - 740 páginas
...of the earlier act ; it also contained a provision that no association organized thereunder should make any loan or discount on the security of the shares...such shares unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith. (13 U. S. Stat. at Large,...
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Laws of the State of Utah

Utah - 1927 - 232 páginas
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How to Do Business as Business is Done in Great Commercial Centers

Seymour Eaton - 1896 - 328 páginas
...Important Provision. "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." The Name "Bank." In some of the states the title Bank can be lawfully used by any one; in other states,...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1897 - 344 páginas
...up capital. make s ioans° SECTION 25. No bank shall make any loan or disit"stoc r k s ° f coun t on the security of the shares of its own capital stock,...shall, within six months from the time of its purchase or acquirement, be sold or disposed of at public or private sale, and in default thereof a receiver...
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Statutory Revision of the Laws of New York Affecting Banks, Banking and ...

Andrew Hamilton - 1898 - 460 páginas
...which he shall have made. 4. No officer, director, clerk or agent of any bank or savings bank shall 17 borrow from the corporation with which he is officially...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith; and stock purchased or acquired shall, within six months...
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The New York Supplement, Volumen51

1898 - 1258 páginas
...36 of the earlier act. It also contained a provision that no association organized thereunder should make any loan or discount on the security of the shares...to prevent loss upon a debt previously contracted iu good faith. 13 Rtat 110, § 35. We have here, then, an express inhibition against doing the very...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1899 - 760 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...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 Statement of...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volumen174

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1899 - 868 páginas
...referred to as indicating the policy of this legislation. It is in the following terms : " 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." This...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 páginas
...high misdemeanor, and punished accordingly. 15. Bank may not loan on or purchase its shares. No bank shall make any loan or discount on the security of...upon a debt previously contracted in good faith; and the stock so purchased or acquired shall within one year from the time of its purchase be sold or disposed...
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