 | Massachusetts - 1899 - 1192 pages
...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...so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale. SECT. 17. The total... | |
 | Massachusetts - Massachusetts - 1894 - 760 pages
...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...and stock so purchased or acquired shall, within six mouths from the time of its purchase, be sold or disposed of at public or private sale. SECT. 17. The... | |
 | Massachusetts - Massachusetts - 1894 - 304 pages
...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...debt previously contracted in good faith ; and stock xxiv APPENDIX. so purchased shall, within six months from the time of its purchase, be sold or disposed... | |
 | United States. Congress. House - United States - 1863 - 1180 pages
...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...so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale, in default of which... | |
 | Commerce - 1864 - 496 pages
...stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted...so purchased or acquired shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which... | |
 | Charles Tennant - Banks and banking - 1866 - 894 pages
...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...contracted in good faith ; and stock so purchased or required to be sold or disposed of, at public or private sale, within six months from the time of its... | |
 | United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...capital stock, and prohibit also every bank from purchasing or holding any such shares, unless such security or purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith. Surely an implication is inadmissible which contradicts either the letter or the spirit of the act.... | |
 | James M. Hiatt - United States - 1868 - 426 pages
...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...so purchased or acquired, shall, within six months from the time of its purchase, be sold or disposed of at public or private sale, in default of which... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...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...and stock so purchased or acquired shall, within six mouths from the time of its purchase, be sold or disposed of at public or private sale, in default... | |
 | William Adams Richardson - History - 1873 - 192 pages
...own capital stock, 14 nor be the purchaser or holder shares, except m of any such srmres, unless such security or purchase shall be necessary to prevent...so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale, in default of which... | |
| |
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... 
