 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...  Documents Accompanying the Journal of the House - Page 123by Michigan. Legislature - 1889Full view - About this book
 | United States. Congress. House. Committee on Banking and Currency - Bank failures - 1930 - 1066 pages
...merchandise, nor be the purchaser or holder of its own capital stock, 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 12 months of its purchase, be sold or disposed of... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1932 - 576 pages
...or (3) be the purchaser or holder of the stock of such affiliate, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith ; and any stock so purchased or acquired shall be sold or disposed of at public or private sale within... | |
 | Massachusetts - Law - 1948 - 492 pages
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 | Maryland - Law - 1933 - 1500 pages
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