Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" 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
Full view - About this book

The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - Banking law - 1900 - 852 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...
Full view - About this book

General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - Law - 1900
...capital stock nor be the purchaser or holder of any such shares, unless such security or purchaser 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...
Full view - About this book

A History of Banking in the United States

John Jay Knox - Banken en bankwezen - 1900 - 880 pages
...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 the stock so purchased or acquired shall within one year from the time of its purchase be sold...
Full view - About this book

The Corporation Laws of the State of Missouri: Revised Statutes of 1899, and ...

Missouri - Corporation law - 1900 - 269 pages
...should be required of shareholders as of persons who are not shareholders, unless it should become necessary to prevent loss upon a •debt previously contracted in good faith and on security which at the time was deemed adequate. No corporation organized under this article...
Full view - About this book

Annual Report of the Commissioner of Banks, Part 1

Massachusetts. Division of Banks and Loan Agencies - 1902
...stock, nor be the purchaser or holder of such shares, unless 1888> 413> 5 16such 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 after its purchase, be sold or disposed...
Full view - About this book

Public Documents of Massachusetts, Volume 6

Massachusetts - Massachusetts - 1902
...stock, nor be the purchaser or holder of such shares, unless 18sil 4Ш> 5 16such 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 after its purchase, be sold or disposed...
Full view - About this book

Banking Laws of the State of Missouri: Revision 1919

Banking law - 1919 - 302 pages
...own capital stock, or 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 be sold at public or private sale, or otherwise disposed of,...
Full view - About this book

A Treatise on Federal Practice, Civil and Criminal: Including ..., Volume 3

Roger Foster - Civil procedure - 1921 - 5026 pages
...of its stock, the statutory exception authorizing a national bank to buy its own shares when it is necessary to prevent loss upon a debt previously contracted, in good faith, must be negatived.88 Where the indictment definitely charges the value, in lawful money of the United...
Full view - About this book

The Financial Organization of Society

Harold Glenn Moulton - Finance - 1921 - 789 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...
Full view - About this book

Reports of Cases in the Supreme Court of Nebraska, Volume 106

Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - Law reports, digests, etc - 1922
...of any such shares, unless such I<rwa State & Savings Bank v. City Nat. Bank. security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." It appears in the present case, as shown by the weight of the evidence, that the rights of innocent...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF