 | Massachusetts - Massachusetts - 1893 - 1064 pages
...of real and personal property upon such terms as may be agreed upon. SECT. 1(>. No such corporation shall make any loan or discount on the security of...from the time of its purchase, be sold or disposed of ut public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm... | |
 | Massachusetts - Massachusetts - 1894 - 760 pages
...of real and personal property upon such terms as may be agreed upon. SECT. 16. No such corporation shall make any loan or discount on the security of...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... | |
 | Commerce - 1864 - 496 pages
...due them; available for the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on...such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased... | |
 | Charles Tennant - Banks and banking - 1866 - 894 pages
...the amount due to them available for the redemption of this circulation. Sec. 35. No Association to make any loan or discount on the security of the shares...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
...thirty-sixth section abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on...security of the shares of its own capital stock, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to... | |
 | James M. Hiatt - United States - 1868 - 438 pages
...all notes or bills issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on...of the shares of its own capital stock, nor be the purehaser or holder of any such shares, unless such security or purchase shall be necessary to prevent... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...due them available for the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on...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... | |
 | United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - District courts - 1873 - 610 pages
...inconsistent with its provisions. The 35th section declares that no association shall make any loans, or discount on the security of the shares of its own...the purchaser or holder of any such shares, unless to prevent loss on a debt previously contracted in good faith. The counsel for the plaintiff, in the... | |
 | Isaac Grant Thompson - Law reports, digests, etc - 1875 - 840 pages
...features of the act. The 35th section declares: "That no association shall make any loan or discounts on the security of the shares of its own capital stock,...security or purchase shall be necessary to prevent loss npOD any debt previously contracted in good faith, and stocks so purchased or acquired shall, 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... 
