 No such corporation 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 - Halaman liioleh Massachusetts. Division of Banks and Loan Agencies - 1894Tampilan utuh - Tentang buku ini
 | 1864 - 496 halaman
...available for the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on the security of...such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased... | |
 | United States. Supreme Court - 1874 - 726 halaman
...abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on the security of the shares of its own capital stock, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to... | |
 | James M. Hiatt - 1868 - 438 halaman
...bills issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purehaser or holder of any such shares, unless such security or purchase shall be necessary to prevent... | |
 | Frederick Charles Brightly - 1869 - 680 halaman
...36. No association shall make any loan or discount on the security of the shares of 3 June ISM -;?',. market or cash value of any bonds proceedings in deposited with the treasurer of the la 8tat' security or purchase shall be necessary to prevent loss upon a debt previously con- stock... | |
 | 1871 - 874 halaman
...board of directors to make bylaws, but declares they must not be inconsistent with its provisions. loan or discount on the security of the shares of its own capital stock, nor he the purchaser or holder of any such shares unless to prevent loss on a debt previously contracted... | |
 | United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1873 - 610 halaman
...inconsistent with its provisions. The 35th section declares that no association shall make any loans, or discount on the security of the shares of its own...the purchaser or holder of any such shares, unless to prevent loss on a debt previously contracted in good faith. The counsel for the plaintiff, in the... | |
 | United States. Circuit Court (1st Circuit), William Henry Clifford - 1878 - 766 halaman
...Ibid. 118. Banking associations, formed under the act of Congress, are forbidden by § 35 of the act to make any loan or discount on the security of the shares of its own capital stock, or to be the purchaser or holder of any such shares, unless such security or purchase shall be necessary... | |
 | Isaac Grant Thompson - 1878 - 1018 halaman
...installment on his stock, the directors may sell the stock at public auction. (g§ 14,15.) No association shall make any loan or discount on the security of the shares of its own capital. (§ 35 .) UNITED STATES Van Allen v. The Assessors. We have already referred to the list of the names... | |
 | United States. Supreme Court - 1883 - 1004 halaman
...of the capital stock of the association actually paid in." Section 5201 provides that no association shall make any loan or discount on the security of the shares of its own capital stock, unless such security shall be necessary to prevent loss on a previously-contracted debt. If the counts... | |
 | United States. Supreme Court - 1883 - 890 halaman
...of the capital stock of the association actually paid in." Sect. 5201 provides that no association shall make any loan or discount on the security of the shares of its own capital stock, unless such security shall be necessary to prevent loss on a previously contracted debt! If the counts... | |
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