 | New Mexico - 1897 - 1186 páginas
...any portion of its own stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith on security which at the time was deemed adequate to insure the payment of such debt, independent of... | |
 | 1897 - 1236 páginas
...justify such a contract under the statute, it was incumbent npon the defendant to prove that it was necessary to prevent loss upon a debt previously contracted in good faith, and no evidence was given upon that question. The significant and the important and 77 Mew York State Reporter.... | |
 | 1898 - 1258 páginas
...36 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...to prevent loss upon a debt previously contracted iu good faith. 13 Rtat 110, § 35. We have here, then, an express inhibition against doing the very... | |
 | Charles Burke Elliott - 1898 - 342 páginas
...capital stock or of the capital stock of any . other incorporated company, unless such purchase should be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed adequate to insure the payment of such debt, independent... | |
 | United States. Supreme Court - 1899 - 868 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...upon a debt previously contracted in good faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed... | |
 | United States Congress. House. Banking and Currency Committee - 1930 - 1152 páginas
...invest any of its funds in the stock of any other bank or corporation, nor make loans or discounts on the security of the shares of its own capital stock,...loss upon a debt previously contracted in good faith; stocks so purchased or acquired shall, within six months of the time of its purchase, be sold or disposed... | |
 | United States. Congress. House. Committee on Banking and Currency - 1930 - 1066 páginas
...invest any of its funds in the stock of any other bank or corporation, nor make loans or discounts on the security of the shares of its own capital stock,...loss upon a debt previously contracted in good faith; stocks so purchased or acquired shall, within six months of the time of ita purchase, be sold or disposed... | |
 | 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 - 616 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...upon a debt previously contracted in good faith ; and stock so purchased or acquired s>hall, within six months from the time of its purchase, be sold or... | |
 | United States. Federal Trade Commission - 1934 - 938 páginas
...any part of its capital stock, or be the holder or purchaser of any part thereof, unless such lien or purchase shall be necessary to prevent loss upon a debt previously contracted ; and stock so purchased shall in no case be held by the corporation for a longer time than 1 year... | |
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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... 
