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" 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... "
Banking Law of New York: Chapter 2 of Consolidated Laws, Chapter 369, Laws ... - Halaman 172
oleh George Wilson Morgan, Amasa Junius Parker - 1915 - 531 halaman
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - 1886 - 252 halaman
...association shall make any loan 0r discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless...good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale,...
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Public and Local Acts of the Legislature of the State of Michigan, Bagian 2

Michigan - 1887
...stockholders. No bank shall be the holder 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. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - 1888 - 712 halaman
...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...faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale ;...
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The Northwestern Reporter, Volume 35

1888 - 1064 halaman
...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...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...
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The New York Supplement, Volume 132

1912 - 1268 halaman
...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...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith ;, and stock purchased or acquired shall, within six months...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - 1889 - 90 halaman
...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...faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale,...
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The American State Reports: Containing the Cases of General Value ..., Volume 8

Abraham Clark Freeman - 1889 - 1012 halaman
...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...good 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."...
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Annual Report of the Commissioner of Banks

Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 halaman
...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...good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale....
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - 1889 - 824 halaman
...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....
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Documents Accompanying the Journal of the House, Bagian 3,Masalah 2

Michigan. Legislature - 1889 - 730 halaman
...the holder в»1»* not to or purchaser of any portion of its capital stock unless such pur- ' chase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock...
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