| Massachusetts. Division of Banks and Loan Agencies - 1894 - 308 pages
...be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith ; and stock xxiv APPENDIX. so purcbased shall, within six months from the time of its purchase, be sold or disposed... | |
| Michigan. Banking Division - Banks and banking - 1894 - 344 pages
...not to nom purchaser of any portion of iis capital stock uuless such JJ?"s1 stocls• 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 monthe, if the stock... | |
| District of Columbia. Court of Appeals - Law reports, digests, etc - 1902 - 670 pages
...and from becoming the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. 3. An affidavit of defense in an action by a national bank upon a promissory note, is insufficient... | |
| Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - Law - 1895 - 1512 pages
...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...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... | |
| Massachusetts. Division of Banks and Loan Agencies - 1895 - 308 pages
...be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be 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... | |
| Michigan. Banking Division - Banks and banking - 1895 - 352 pages
...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
...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...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 - 330 pages
...discount on the security of shares in its own capital stock unless such security or purchase shall be necessary to prevent loss 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,... | |
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