 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...  Public Documents of Massachusetts - Page xxxvby Massachusetts - 1902Full view - About this book
 | Law reports, digests, etc - 1888 - 1064 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...contracted in good faith; and stock so purchased or required shall, within six (6) months from the time of its purchase, be sold or disposed of at public... | |
 | United States - Finance, Public - 1889 - 90 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, be sold or disposed of at public or private sale, in default of which... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1889 - 1018 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." This is... | |
 | Abraham Clark Freeman - Law reports, digests, etc - 1889 - 1012 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...faith; and stock so purchased or acquired shall, within BIX (6) months from the time of its purchase, be sold or disposed of at public or private sale." This... | |
 | Irving Browne - National banks (U.S.) - 1889 - 824 pages
...no banking association shall be a purchaser of its own shares, contains the exception "unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." This exception should have been negatived in these counts. The rule of pleading as laid down by Mr.... | |
 | South Dakota - Session laws - 1891 - 392 pages
...security of the shares of its own stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent...stock so purchased or acquired shall within six months be sold or disposed of at public or private sale. § 20. ASSETS AND LIABILITIES — RESERVE.] Each... | |
 | Banking law - 1891 - 328 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, be sold or disposed of at public or private sale, in default of which... | |
 | Claudius Buchanan Patten - Bank management - 1908 - 648 pages
...follows: "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." When shares are taken under the contingency last named the Bank Act demands that they be sold within... | |
 | Law reports, digests, etc - 1892 - 936 pages
...security of the shares of its own capital stock, nor be the purchaser of any such shares unless such security or purchase shall be necessary to prevent...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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