 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - Law - 1895 - 1512 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 (6) months from the time of its purchase be sold or disposed of at public or private sale; or in default... | |
 | Nebraska. State Banking Board - Banks and banking - 1898 - 84 pages
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent the loss upon a debt previously contracted in good faith;...and stock so purchased or acquired shall within six (6) months from the time of its purchase be sold or disposed of at pnblic or private salejor in default... | |
 | Michigan. Banking Division - Banks and banking - 1895 - 352 pages
...holder or Bank not to how purchaser of any portion of its capital, stock unless such ^cpltal 8teck' purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock eo purchased shall in no case be held by the bank for a longer time than six months, if the stock... | |
 | William John Tossell - Law reports, digests, etc - 1906 - 870 pages
...capital stock, or of the capital stock of any other incorporated company, unless such purchase should be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed Marriott v. Railway. adequate to insure the payment of such... | |
 | New York (State) - 1896 - 1262 pages
...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...be sold or disposed of at public or private sale. Every person or corporation violating the provisions of this subdivision shall forfeit to the people... | |
 | Seymour Eaton - Business - 1896 - 328 pages
...Important Provision. "No bank shall loan or discount on the security of shares in its own capital stock unless such security or purchase shall be necessary...upon a debt previously contracted in good faith." The Name "Bank." In some of the states the title Bank can be lawfully used by any one; in other states,... | |
 | United States. Supreme Court - Law reports, digests, etc - 1896 - 762 pages
...banking association is prohibited by law from purchasing shares of its own capital stock unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. 6. The purchase by officers of a national banking association of shares of its own capital stock unless... | |
 | Oklahoma - Law - 1897 - 344 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...shall, within six months from the time of its purchase or acquirement, be sold or disposed of at public or private sale, and in default thereof a receiver... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1897 - 344 pages
...necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased shall, within six months from the time of its purchase,...be sold or disposed of at public or private sale. SECT. 11. The shareholders of every such corporation shall be held individually liable in the same... | |
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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... 
