 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
 | James Brooks Dill, New Jersey. Department of Banking and Insurance - Banking law - 1899 - 98 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...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 or disposed... | |
 | New Jersey - Law - 1899 - 660 pages
...its own capital stock, nor be the purchaser JtoVk prohibi or holder of any such shares unless such security or purchase shall be necessary to prevent...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 or disposed... | |
 | United States. Supreme Court - Law reports, digests, etc - 1899 - 760 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... | |
 | John Maxcy Zane - Banking law - 1900 - 864 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; or in default thereof,... | |
 | Kansas - Kansas - 1900 - 1108 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. After the expiration... | |
 | New York (State) - Law - 1900 - 862 pages
...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...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 violating... | |
 | John Jay Knox - Banks and banking - 1900 - 994 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...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 or disposed... | |
 | Abraham Titus Brewer, Gustav Adolf Laubscher - Corporation law - 1900 - 748 pages
...portion of its capital 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... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1902 - 826 pages
...own capital ita*7tock,<Sc! stock, nor be the purchaser or holder of such shares, unless 1888> 413> 5 16such security or purchase shall be necessary to...cities or towns, for money borrowed, including in s'on.etf.1'0 the liabilities of a firm the liabilities of its several mem- }^j|; ^; ยง 17' bers, to... | |
 | Francis Bazley Lee - New Jersey - 1902 - 448 pages
...the shares of its 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. The stock so purchased or acquired, within one year from the time of its purchase, shall be sold or... | |
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