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" 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 lii
oleh Massachusetts. Division of Banks and Loan Agencies - 1894
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Lawyers' Reports Annotated, Buku 48

1900 - 938 halaman
...importance, inasmuch as the public law, under which the bank was organized, prohibited it from making any loan or discount on the security of the shares of its own capital stock. The plaintiff could not be bound by notice of something which the law prohibited. The plaintiff, in...
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Laws of the Territory of New Mexico: Passed by the Legislative Assembly ...

New Mexico - 1903 - 836 halaman
...define bad debts as those only upon which interest is past due for a period of six months. Sec. 8. No such corporation shall make any loan or discount...nor be the purchaser or holder of any such shares, except as hereinafter provided, unless such security or purchase shall be necessary to prevent loss...
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1903 - 364 halaman
...define bad debts as those only upon which interest is past due for a period of six months. Sec. 8. No such corporation shall make any loan or discount...nor be the purchaser or holder of any such shares, except as hereinafter provided, unless such security or purchase shall be necessary to prevent loss...
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Laws Passed by the General Assembly of the Territory of New Mexico

New Mexico - 1903 - 368 halaman
...deliiie bad debts as those only upon which interest is past due for a period of six months. Sec. 8. No such corporation shall make any loan or discount...nor be the purchaser or holder of any such shares, except as hereinafter provided, unless such security or purchase shall be necessary to prevent loss...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 193

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1904 - 740 halaman
...thirty-seventh section of 193 US Opinion of the Court. the act of 1863, prohibiting an association from making any loan or discount on the security of the shares of its own capital stock, was reexpressed in a substantially identical, though somewhat more amplified, form of statement in...
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Corporation Laws: (with Citation From, Up To, and Including the 145th ...

California - 1905 - 494 halaman
...said Bank Commissioners are a party. SEC. 23. No bank, banking corporation, person, or partnership, shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

United States - 1905 - 1032 halaman
...Fed. Rep. 471. Sec. 5201. [Associations not to loan or purchase tliciir own- stock.] No association shall make any loan or discount on the security of the shares of its own capital stock, nor Ire the purchaser or holder of any such shares, unless such security or purchase shall be necessary...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - 1905 - 1018 halaman
...thousand dollars shall have been subscribed and paid in, in cash. Section 5. Said corporation shall not make any loan or discount on the security of the shares of its own capital stock, nor Location. CHAP. 59 be the purchaser or holder of any such shares unless necessary to prevent loss upon...
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Corporation Laws of the State of California: (with Citations From, Up to and ...

California - 1907 - 576 halaman
...said Bank Commissioners are a party. SEC. 23. No Dank, banking corporation, person, or partnership, shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt...
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Business Law for Business Men: A Reference Book Showing the Laws of ...

Anthony Jennings Bledsoe - 1907 - 664 halaman
...printed in Volume 120 of the California Reports, page 53.) (i) — Loans on Its Own Shares. — No bank shall make any loan or discount on the security of...shares of its own capital stock, nor be the purchaser of its own shares, unless such security or purchase shall be necessary to prevent loss upon a debt...
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