 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 1927 - 280 páginas
...1916; 39 Statute Laws 754. 7 13 Statute Laws no; c. 106, sec. 35. 8 Nor be the holder or purchaser of any such shares unless such security or purchase...loss upon a debt previously contracted in good faith; such stock to be disposed of within six months. 9 Sec. 27. capital. Not included, however, within this... | |
 | United States. Congress. House. Committee on Banking and Currency - 1930 - 1066 páginas
...of its funds in the stock of any other trust company or corporation, nor make any loans or discounts on the security of the shares of its own capital stock, nor be the purchaser or holder of any shares unless such security or purcliase shall be necessary to prevent loss upon a debt previously... | |
 | United States Congress. House. Banking and Currency Committee - 1930 - 1150 páginas
...of its funds in the stock of any other trust company or corporation, nor make any loans or discounts on the security of the shares of its own capital stock, nor be the purchaser or holder of any shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1932 - 576 páginas
...or controlled by such affiliate, or (3) be the purchaser or holder of the stock of such affiliate, unless such security or purchase shall be necessary...upon a debt previously contracted in good faith ; and any stock so purchased or acquired shall be sold or disposed of at public or private sale within two... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1933 - 614 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... | |
 | 1978 - 1268 páginas
...§ 7.6030 Purchase of own shares or loan secured by own shares. (a) Law— 12 USC 83. No association shall make any loan or discount on the security of...faith; and stock so purchased or acquired shall, within 6 months from the time of its purchase, be sold or disposed of at public or private sale; or, in default... | |
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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... 
