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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... "
Joint Documents ... for the Year ... - Page 123
by Michigan. Legislature - 1889
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Lawyers' Reports Annotated, Book 14

Law reports, digests, etc - 1892
...of its own capital stock, nor be the purchaser of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." US Rev. Stat. Ц 5201. Assuming this to be true, the defendants cannot lake advantage of it, because...
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Reports of Cases Decided in the Court of Appeals of the State of ..., Volume 130

New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Hiram Edward Sickels - Law reports, digests, etc - 1892
...of its own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." (IT. SRS 5201.) Assuming this to be true the defendants cannot take advantage of it, because the...
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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - Banks and banking - 1893 - 615 pages
...own capital stock, nor be the purchaser or holder of anysuch shares, unless such security or purcha*? shall be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall be sold within six months from the time of its purchase. But...
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Reports of Selected Cases Decided in Courts of the State of New ..., Volume 41

New York (State). Courts - Law reports, digests, etc - 1903
...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 in good faith; and stock so purchased or acquired, shall within six months from the time of its purchase be sold or...
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Oklahoma Reports: Cases Determined in the Supreme Court of the ..., Volume 56

Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - Law reports, digests, etc - 1916
...capital stock, nor be the purchaser or holder of any such shares, unless such securities 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 so'.d...
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Hand-book for Bank Officers

George Mathewes Coffin - Banks and banking - 1893 - 107 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...
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Annual Report

Michigan. Banking Division - Banks and banking - 1894
...Bank 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 can...
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Reports of Cases Adjudged in the Court of Appeals of the District ..., Volume 18

District of Columbia. Court of Appeals - Law reports, digests, etc - 1902
...the purchaser or holder of any such shares, unless such security or purNATIONAL BANKS — Continued. chase shall be necessary to prevent loss upon a debt previously contracted in good faith. Brown v. Bank, 598. NEGLIGENCE. See CONTRIRUTORY NEGLIGENCE. NEGOTIABLE INSTRUMENTS. See PROMISSORY...
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The Northwestern Reporter, Volume 59

Law reports, digests, etc - 1894
...the purchaser or holder of any of its shares of capital stock, unless such security or purchase shnll be necessary to prevent loss upon a debt previously contracted in good faith. Gen. Laws 1881, c. 77, i 3. The bank itself could not have purchased the stock shares, nor could It...
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Annual Report

Michigan. Banking Division - Banks and banking - 1895
...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 can...
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