 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
 | John Martin Chapman, Ray Bert Westerfield - Banks and banking - 1927 - 798 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 time of its purchase, be sold or disposed of at public or private sale ; or in default thereof,... | |
 | New England - 1927 - 280 pages
...13 Statute Laws no; c. 106, sec. 35. 8 Nor be the holder or purchaser of any such shares unless such security or purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith; such stock to be disposed of within six months. 9 Sec. 27. capital. Not included, however, within this... | |
 | United States - Law - 1927 - 612 pages
...purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith ; and stock so purchased or acquired in corporations organized under this section* shall within six months from such purchase be sold or... | |
 | United States. Federal Reserve Board - Banking law - 1928 - 808 pages
...purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired in corporations organized under this section shall within six months from such purchase be sold or... | |
 | United States Congress. House. Banking and Currency Committee - 1930 - 1152 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...loss upon a debt previously contracted in good faith; stocks so purchased or acquired shall, within six months of the time of its purchase, be sold or disposed... | |
 | United States. Congress. House. Committee on Banking and Currency - Bank failures - 1930 - 1066 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...loss upon a debt previously contracted in good faith; stocks so purchased or acquired shall, within six months of the time of ita purchase, be sold or disposed... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1932 - 576 pages
...controlled by such affiliate, or (3) be the purchaser or holder of the stock of such affiliate, unless such security or purchase shall be necessary to prevent...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 two... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Stock exchanges - 1933 - 616 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 s>hall, within six months from the time of its purchase, be sold or disposed of at public or private sale; or, in default thereof,... | |
 | Almanacs, American - 1920 - 1042 pages
...purohas ing- and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith: and stock so purchased or acquired in corporations organized under this section shall within six months Irom such purchasf be sold or... | |
 | United States - Law - 1971 - 1248 pages
...purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired in corporations organized under said sections shall, within six months from such purchase, be sold... | |
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