 | 1981 - 360 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... | |
 | 1993 - 392 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... | |
 | 1977 - 970 páginas
...7.6030 Purchase of own shares or loan secured by own shares. (a) Law— 12 VJS.C. 83. No association shall make any loan or discount on the security of...In good faith; and stock so purchased or acquired •hall, within 6 months from the time of It* purchase, be sold or disposed of at public or private... | |
 | 1927 - 1624 páginas
...reason. Revised Statutes, § 5201, USC title 12,. § 83, provides: "No [national banking] association shall make any loan or discount on the security of...upon a debt previously contracted in good faith," etc. Appellant insists that the closing sentence of Exhibit F compels the bank to look to its own stock,... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1963 - 548 páginas
...available for the redemption of their circulation. SEC. 35, And be it further enacted, That no association shall make any loan or discount on the security of...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1963 - 716 páginas
...available for the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on the security of...be sold or disposed of at public or private sale, m default of which a receiver may be appointed to close up the business of the association, according... | |
 | United States. Office of the Comptroller of the Currency - 1966 - 478 páginas
...Reserve Act. Purchase of Own Shares; Loan Secured by Own Shares 12 USC 83 (RS 5201).— 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... | |
 | Ross M. Robertson - 1968 - 286 páginas
...available for the redemption of their circulation. Sec. 35. And be it further enacted, That no association shall make any loan or discount on the security of...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according... | |
 | Philippines. Supreme Court - 1924 - 1112 páginas
...On the contrary, section 120 of the Corporation Act provides that "no bank organized under this Act 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 bank in accordance... | |
 | Minnesota. Supreme Court - 1888 - 614 páginas
...a new section was added to the prior banking law, designated section 48, which is : "No association shall make any loan or discount on the security of...; and stock so purchased or acquired shall, within sis (6) months from the time of its purchase, be sold or disposed of at public or private sale." This... | |
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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... 
