 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...  Joint Documents ... for the Year ... - Page 123by Michigan. Legislature - 1889Full view - About this book
 | Ross M. Robertson - Banks and banking - 1968 - 262 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 contracted in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
 | Minnesota. Supreme Court - Law reports, digests, etc - 1888
...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 in good faith ; and stock so purchased or acquired shall, within sis (6) months from the time of its purchase, be... | |
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