 | 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... | |
 | 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... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...in, section fifty of the national banking law, approved June 3d 1864.(6) VI. GENERAL PROVISIONS. 36. No association shall make any loan or discount on the security of the shares of 3 June ISM -;?',. its own capital stock, nor be the purchaser or holder of any such shares, unless... | |
 | Law - 1871 - 874 pages
...board of directors to make bylaws, but declares they must not be inconsistent with its provisions. loan or discount on the security of the shares of its own capital stock, nor he the purchaser or holder of any such shares unless to prevent loss on a debt previously contracted... | |
 | 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... | |
 | William Adams Richardson - History - 1873 - 208 pages
...PURCHASING AND LOANING ON SHAKES. SEC. 35. And be it further enacted, That no association Banks not to loan shall make any loan or discount on the security of the shares hold thefown' of its own capital stock,' 4 nor be the purchaser or holder shares, except in of any... | |
 | William Adams Richardson - History - 1873 - 192 pages
...PURCHASING AND LOANING ON SHARES. SEC. 35. And be it further enacted, That no association Banks not to loan shall make any loan or discount on the security of the shares Łoid the^owiT of its own capital stock, 14 nor be the purchaser or holder shares, except m of any... | |
 | 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... | |
 | Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - Law reports, digests, etc - 1878 - 632 pages
...Merchants Bank v. Manne Bank, 3 Gill., 97. Section 36 of the act of congress of June 3, 1864, provides that no association shall make any loan or discount on...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock 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... 
