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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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Lawyers' Reports Annotated, Libro 14

1892 - 932 páginas
...Rutherford was in violation of the National Banking Act, which provides that no banking association "shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt...
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Reports of Cases, Volumen130

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Hiram Edward Sickels - 1892 - 842 páginas
...Rutherford was in violation of the National Banking Act, which provides that no banking association " shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 páginas
...RESTRICTIONS WITH REGARD TO A BANK'S ACQUIRING AND HOLDING ITS OWN STOCK. SEC. 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...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volumen56

Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - 1916 - 884 páginas
...shall not invest any of its funds in the stock of any other bank or corporation, 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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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 páginas
...own capital stock, nor be the purchaser or holder of anysuch shares, unless such security or purcha*? shall be necessary to prevent loss upon a debt previously...good faith; and stock so purchased or acquired shall be sold within six months from the time of its purchase. But no such purchase or sale shall relieve...
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Reports of Cases Adjudged in the Court of Appeals of the District ..., Volumen18

District of Columbia. Court of Appeals - 1902 - 670 páginas
...making any loan or discount on the security of the shares of its own capital stock, and from becoming the purchaser or holder of any such shares, unless...loss upon a debt previously contracted in good faith. 3. An affidavit of defense in an action by a national bank upon a promissory note, is insufficient...
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The Compiled Statutes of the State of Nebraska, 1881: With Amendments 1882 ...

Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1895 - 1512 páginas
...18.] 634 SEC. 19. [Shares — Purchased or as security.] No corporation conducting a banking business, 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; or in default...
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Public Documents of Massachusetts, Volumen6

Massachusetts - 1895 - 1136 páginas
...receive transfers of real and personal property upon such terms as may be agreed upon. SECT. 1(3. Xo such corporation shall make any loan or discount on...stock, nor be the purchaser or holder of any such aliares, uiile.sa such security or purchase shall be necessary to prevent loss upon a debt previously...
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 páginas
...corporation conducting a banking business shall make any loan or discount on the security of the shares.of its own capital stock, nor be the purchaser or holder...security or purchase shall be necessary to prevent the loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall...
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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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