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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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Acts of the General Assembly of the State of New Jersey

New Jersey - 1899 - 658 páginas
...high misdemeanor, and punished accordingly. BANK MAY NOT LOAN ON OR PURCHASE ITS SHARES. 15. 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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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 páginas
...thesecurity Loan on, or purof the shares of its own capital stock, nor be the purchaser JtoVk prohibi or holder of any such shares unless such security...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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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 páginas
...shall not invest any of its funds in the stock of any other bank or incorporation, nor make any loans or discount on the security of the shares of its own...purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously contracted in good...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 páginas
...shall not in-vest any of its funds in the stock of any other bank or incorporation, nor make any loans or discount on the security of the shares of its own...purchaser or holder of any such shares, unless such secur-ities or purchase shall be necessary to prevent loss upon a debt previously contracted in good...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 páginas
...shall not be considered as money borrowed. SEC. 5201. PURCHASE OF ITS OWN STOCK.— 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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Combined Kansas Reports

Kansas - 1900 - 1108 páginas
...invest any of its funds in the stock of any other bank or corporation, nor make any loans or discounts on the security of the shares of its own capital stock,...be sold or disposed of at public or private sale. After the expiration of six months any such stock shall not be considered as a part of the assets of...
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General Laws of New York: Containing All Amendments to the Close ..., Volumen3

New York (State) - 1900 - 862 páginas
...without the consent and approval of a majority of the board of directors or trustees thereof. Eve1y person violating this provision shall, for each offense,...holder of any such shares, unless such security or purchaser shall be necessary to prevent loss upon a debt previously contracted in good faith ; and...
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A History of Banking in the United States

John Jay Knox - 1900 - 994 páginas
...less than four report* during each year. No bank shall make any loan or discount on the security or on the shares of its own capital stock, nor be the purchaser...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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Reports of Cases Decided in the Court of Appeals of the State of ..., Volumen162

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Hiram Edward Sickels - 1900 - 756 páginas
...as to national banking associations, whereby it was provided, in section 35, " that no association shall make any loan or discount on the security of the shares of its own capital stock, nor be purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent...
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The Pacific Reporter, Volumen63

1901 - 1170 páginas
...invest any of its funds in the stock of any other bank or corporation, nor make any loans or discounts on the security of the shares of its own capital stock,...to prevent loss upon a debt previously contracted iu good failli: and stock so purchased or acquired shall, within six months of the time of its purchase,...
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