 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...  Annual Report of the Commissioner of Banks - Page xxxixby Massachusetts. Division of Banks and Loan Agencies - 1902Full view - About this book
 | Michigan. Banking Division - Banks and banking - 1894 - 344 pages
...holder or 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... | |
 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - Law - 1895 - 1512 pages
...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...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... | |
 | Michigan. Banking Division - Banks and banking - 1895 - 352 pages
...holder or 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... | |
 | New York (State) - 1896 - 1262 pages
...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...so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale. Every person or corporation... | |
 | Seymour Eaton - Business - 1896 - 328 pages
...Provision. "No bank shall loan or discount on the security of shares in its own capital stock unless such security or purchase shall be necessary to prevent...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,... | |
 | United States. Supreme Court - Law reports, digests, etc - 1896 - 762 pages
...banking association is prohibited by law from purchasing shares of its own capital stock unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. 6. The purchase by officers of a national banking association of shares of its own capital stock unless... | |
 | Oklahoma - Law - 1897 - 344 pages
...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...so purchased or acquired shall, within six months from the time of its purchase or acquirement, be sold or disposed of at public or private sale, and... | |
 | New Mexico - Law - 1897 - 1186 pages
...any portion of its own stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith on security which at the time was deemed adequate to insure the payment of such debt, independent of... | |
 | Wisconsin - Session laws - 1897 - 1392 pages
...stock. Nobank shall be the holder of or purchaser of any portion of its capital stock, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stocks so purchased shall in no case be held by the bank for a longer time than six mouths, if the... | |
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