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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... "
Practical Information - Page 123
by William A. Richardson - 1873
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1876 - 270 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...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...
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THE CENTURY OF INDEPENDENCE

1876
...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...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...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1877 - 270 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...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...
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Gold and Debt; and American Hand-Book of Finance

W.L. Fawcett - 1877
...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...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...
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General Laws of the State of Colorado, Comprising that Portion of the ...

Colorado - Law - 1877 - 1154 pages
...pur- stock of any other incorporated company, unless such purchase its own • J if i stock. chase 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 of...
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The Albany Law Journal: A Monthly Record of the Law and the Lawyers, Volume 17

Law - 1878
...security of the shares of ita own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary...be sold or disposed of at public or private sale, or iu default thereof a receiver may be appointed to close up the business of the association, according...
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Reports of Cases Determined in the Circuit Court of the United States for ...

United States. Circuit Court (1st Circuit), Nathan Clifford, William Henry Clifford - Law reports, digests, etc - 1878
...security of the shares of its own capital stock, or to be the purchaser or holder of any such shares, unless such security or purchase shall be necessary...loss, upon a debt previously contracted in good faith. 13 Stat. at Large, 110. Just such a provision is contained in the banking law of the State of Connecticut,...
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National Bank Cases: Containing All Decisions of Both the Federal and State ...

Isaac Grant Thompson - National banks (U.S.) - 1878 - 989 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 to prevent loss upon any debt previously contracted in good faith, and stocks so purchased or acquired shall, within six...
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House Documents, Otherwise Publ. as Executive Documents: 13th ..., Volume 12

United States. Congress. House - United States - 1879
...the security ot the shares of their own capital stock, or fmiii purchasing or holding the same unless to prevent loss upon a debt previously contracted in good faith. And, even in the latter case, they Ħuv not permitted permanently to hold or to cancel shares so obtained,...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - National banks (United States). - 1880
...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...purchase, be sold or disposed of at public or private sale ; or in default thereof, a receiver may be appointed to close up the business of the association, according...
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