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" No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital. "
Modern Banking Methods and Practical Bank Bookkeeping - Page 9
by Albert Reed Barrett - 1908 - 325 pages
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Laws of the State of Indiana, Passed at the ... Session of the General Assembly

Indiana - Law - 1921 - 1060 pages
...they may deem expedient. But neither the corporation nor any member thereof, shall, during the time it shall continue its banking operations, withdraw or permit to be withdrawn any portion of its capital, either in the form of dividends or otherwise. And if actual losses shall...
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The Merchants' Magazine and Commercial Review, Volume 48

William B. Dana - Commerce - 1863 - 510 pages
...SBC. 44. And be it further enacted, That no association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividends, loans to stockholders for a longer time than six months, or'in any other manner,...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863 - 1180 pages
..."SEC. 38. And be и further enacted, That no association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividends or otherwise, any portion of its capital. And if losses shall at any time have been...
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The Merchants' Magazine and Commercial Review, Volume 48

1863 - 512 pages
...other manner, any portion of its capit'd. And if losses shall at any time have been sustained by uny such association equal to or exceeding its undivided profits then on hand, no dividend sh.>ll be made ; and no dividend shall ever be made by any association, while it shall continue its...
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The Merchants' Magazine and Commercial Review, Volume 51

Commerce - 1864 - 496 pages
...form of dividends, or otherwise, any portion of its capital. And if losses shall at any time have heen sustained by any such association, equal to or exceeding...undivided profits then on hand, no dividend shall he made ; and no dividend shall ever he made by any association, while it shall continue its hanking...
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The American Annual Cyclopædia and Register of Important Events ...

Encyclopedias and dictionaries - 1864 - 878 pages
...SEC. 44. And bt it further enacted, That no association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividend!, loans to stockholders for a longer time than six months, or in any other manner,...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 438 pages
...increase its capital stock. SBC. 38. That no association or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in forms of dividends or otherwise, any portion of its capital. And if losses shall at any time have been...
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Appletons' Annual Cyclopaedia and Register of Important Events: Embracing ...

Encyclopedias and dictionaries - 1869 - 944 pages
...SEC. 41. And be it further enact«!, That no audition, or any member thereof, sha!!, during HI<MIU:C it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of divider Ч loans to stockholders for a longer time than six mont! «. or in any other manner,...
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An Analytical Digest of the Laws of the United States

Frederick Charles Brightly - Law - 1869 - 680 pages
...default. Limitation of state taxation. 39. No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividends or otherwise, any portion of its capital. And if losses shall at any time have been...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...SEC. 38. And be it further enacted, That no association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividends or otherwise, any portion of its capital. And if losses shall at any time have been...
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