 | William B. Dana - Commerce - 1863 - 508 pages
...portion of its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed adequate to insure the payment of such debt, independent... | |
 | Commerce - 1864 - 496 pages
...stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted...shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which a receiver may he appointed to... | |
 | 1864 - 878 pages
...portion of its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed adequate to insure the payment of such debt, independent... | |
 | Robert John Walker - Finance - 1864 - 406 pages
...its capital stock, or forbidden. of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith, or security which, at the time, was deemed adequate to insure the payment of such debt, independent... | |
 | Charles Tennant - Banks and banking - 1866 - 894 pages
...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...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, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt pro. viously contracted in good faith." The new act in terms repealed the old act. It provided, however,... | |
 | Encyclopedias and dictionaries - 1869 - 944 pages
...portion of its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed adequate to insure tho pavment of such debt, independent... | |
 | Frederick Charles Brightly - Law - 1869 - 680 pages
...-;?',. its own capital stock, nor be the purchaser or holder of any such shares, unless such la 8tat' ates, con- stock n°'<0 ta tracted in good faith ;(c) and stock so purchased or acquired shall, within six... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...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...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... | |
 | Ohio. Supreme Court - Law reports, digests, etc - 1912 - 644 pages
...no banking company shall be the holder or purchaser of any portion of its capital stock unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith, etc., it does not say that if the bank did take this stock, it could not hold it as against the pledgor.... | |
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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... 
