 | 1912 - 1268 páginas
...applicable." Said subdivision 5 of section 25 of the banking law, so far as material, provided as follows : "No such corporation shall make any loan or discount...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith ;, and stock purchased or acquired shall, within six months... | |
 | United States - 1889 - 90 páginas
...he may call for. 15 Statutes at Large, 826.] 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... | |
 | Abraham Clark Freeman - 1889 - 1018 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 six (6) months from the time of its purchase, be sold or disposed of at public or private sale." This is... | |
 | Abraham Clark Freeman - 1889 - 1012 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...faith; and stock so purchased or acquired shall, within BIX (6) months from the time of its purchase, be sold or disposed of at public or private sale." This... | |
 | Irving Browne - 1889 - 824 páginas
...Xenia v. Stewart. its own capital stock, nor be the purchaser or holder of any such.shares, unless Bucb security or purchase shall be necessary to prevent...acquired shall, within six months from the time of the purchase, be sold or disposed of at public or private sale, or in default thereof a receiver may... | |
 | United States - 1889 - 120 páginas
...such security or purchase shall be necessary to preis waii , sea. vent joss Upon a debf. previoas]y contracted in good faith ; and stock so purchased...the time of its purchase, be sold or disposed of at puhьо^ф'»Ипи»м?;! lie or private sale ; or, in default thereof, a receiver may be stick."... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 páginas
...corporation shall be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a...contracted in good faith ; and stock so purchased shall, within six months from the time of its, purchase, be sold or disposed of at public or private... | |
 | United States - 1891 - 332 páginas
...he may call for. 15 Statutes at Large, 826.] 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... | |
 | South Dakota - 1891 - 392 páginas
...PROHIBITED.] No association shall make any loans or discounts on the security of the shares of its own stock, nor be the purchaser or holder of any such...stock so purchased or acquired shall within six months be sold or disposed of at public or private sale. § 20. ASSETS AND LIABILITIES — RESERVE.] Each... | |
 | Claudius Buchanan Patten - 1908 - 648 páginas
...Act is as follows: "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." When shares are taken under the contingency last named the Bank Act demands that they be sold within... | |
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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... 
