 | Massachusetts - 1899 - 1192 pages
...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,...and stock 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... | |
 | Massachusetts - Massachusetts - 1894 - 760 pages
...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,...be sold or disposed of at public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm or corporation, other than... | |
 | United States. Congress. House - United States - 1863 - 1180 pages
...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,...and stock 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... | |
 | Commerce - 1864 - 496 pages
...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,...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
...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,...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
...security of the shares of its own capital stock, and prohibit also every bank from purchasing or holding any such shares, unless such security or purchase...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
...and by virtue of. this act. SEC. 35. That no association shall make any loan or discount on • . • the security of the shares of its own capital stock,...stock 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... | |
 | James M. Hiatt - United States - 1868 - 438 pages
...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...stock 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... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...stock n°'<0 ta tracted in good faith ;(c) and stock so purchased or acquired shall, within six months ]m k kxoyo o o o `Uk ` n o o o o o o ochi j k n n n|` ome m o nMoNo oPoQo l a a a 7 o=o-o Px. to close up the business of the association, according to the provisions of this act. 37. No association... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...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,...sale, in default of which a receiver may be appointed to close up the business of the association, according to the provisions of this act. SEC. 36. And... | |
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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... 
