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... The Northwestern Reporter - Page 2971894Full view - About this book
| Massachusetts - Massachusetts - 1894 - 760 pages
...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 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... | |
| United States. Congress. House - United States - 1863 - 1180 pages
...redemption of their circulation. "ЙЕС. 35. And be it further enac/i'd, That 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... | |
| Commerce - 1864 - 496 pages
...the redemption of their circulation. Sec. 86. And he it further enacted, That 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 he necessary... | |
| Charles Tennant - Banks and banking - 1866 - 894 pages
...return 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 of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary... | |
| United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on the 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... | |
| James M. Hiatt - United States - 1868 - 438 pages
...issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on the security 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... | |
| Frederick Charles Brightly - Law - 1869 - 680 pages
...the national banking law, approved June 3d 1864.(6) VI. GENERAL PROVISIONS. 36. No association shall ciation shall fail to redeem its circulating notes as afor 3 June ISM -;?',. its own capital stock, nor be the purchaser or holder of any such shares, unless... | |
| John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...the redemption of their circulation. SEC. 35. And be it further enacted, That 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... | |
| Law - 1884 - 550 pages
...writ of error. FIELD, J. Section 5,201 of the Revised Statutes declares that " 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... | |
| 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... | |
| |