 | Ohio - Session laws - 1851 - 196 pages
...capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock; and stock so purchased shall in no case be held by the company so purchasing, for a longer period of... | |
 | Michigan - 1857 - 1012 pages
...,/.,'. , , nor hold its own stock of any other incorporated company, unless such purchase •tock. shall be necessary to. prevent loss upon a debt previously...such debt, independent of any lien upon such stock; and stock so purchased shall in no case be held by the bank so purchasing, for a longer period of time... | |
 | Michigan, Thomas McIntyre Cooley - Law - 1857 - 998 pages
...stock of any other incorporated company, unless such purchase or other Capital ,,,, ч ii • ^T shall be necessary to prevent loss upon a debt previously...insure the payment of such debt, independent of any Hen upon such stock; and stock so purchased shall in no case be held by the bank so purchasing, for... | |
 | Michigan - 1857 - 686 pages
...™P'"i"^k chase shall be necessary to prevent lost upon a debt previously contract- othercapitai •ed in good faith, on security which at the time was deemed adequate tostock' insure the payment of such debt, independent of any lien upon such stock ; and stock so purchased... | |
 | Massachusetts - Massachusetts - 1894 - 304 pages
...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... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1860 - 994 pages
...of the capi•apiui stock of ta' stoc'c °f any other incorporated bank, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeitures of stock for the non-payment of installments due thereon, as provided in... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1861 - 956 pages
...assecuntr chase shall be necessary to prevent loss upon a debt previously luii i ju. • i stock of banks, contracted in good faith on security which at the...payment of such debt independent of any lien upon which stock, or in case of forfeitures of stock for the non-payment-of instalments due thereon as provided... | |
 | 1863 - 512 pages
...capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeiture of stock for the non-payment of instalments due thereon ; and stock so purchased... | |
 | William B. Dana - Commerce - 1863 - 508 pages
...capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeiture of stock for the non-payment of instalments due thereon ; and stock so purchased... | |
 | United States - Law - 1863 - 324 pages
...st™¿ Ôf'mbèf así sary to prevent loss upon a debt previously contracted in good »«cuiion, unless, faith, on security which, at the time, was deemed...such debt, independent of any lien upon such stock ; or in case of forfeiture of stock' for the non-payment of instalments due thereon, and stock so purchased... | |
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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... 
