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" Prohibited (Sec. 5204). —No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital. "
Annual Report of the Secretary of the Treasury on the State of the Finances ... - Halaman 176
oleh United States. Department of the Treasury - 1877
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The Federal Reporter, Volume 71

1896 - 1020 halaman
...banking association to an amount equal to the par value of their stock; that section 5204, Id., provides that "no association, or any member thereof, shall,...dividends or otherwise, any portion of its capital"; that section 5239, Id., provides that if the directors of any national banking association shall knowingly...
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Cases on Private Corporations

George Folger Canfield, Isaac Maurice Wormser - 1925 - 960 halaman
...property of the corporation, and can be followed into the hands of any volunteer. The section provides that "no association, or any member thereof, shall,...dividends or otherwise, any portion of its capital." What is meant by this language? Has a shareholder withdrawn or permitted to be withdrawn in the form...
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Federal Reserve Banking Practice: By H. Parker Willis ... and William H ...

Henry Parker Willis, William Howard Steiner - 1926 - 1202 halaman
...$2,000,000. No corporation, except as herein provided, shall during the time it shall continue its operations withdraw or permit to be withdrawn, either...dividends or otherwise, any portion of its capital. Any national banking association may invest in the stock of any corporation organized under the provisions...
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Service Monographs of the United States Government, Masalah 38

1926 - 104 halaman
...outstanding liabilities. No National Agricultural Credit Corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid in capital, and section 5204 of the Revised Statutes, prohibiting the payment of unearned dividends...
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The Federal Intermediate Credit System

Claude Leon Benner - 1926 - 406 halaman
...outstanding liabilities. No National Agricultural Credit Corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid-in capital, and section 5204 of the Revised Statutes, prohibiting the payment of unearned dividends...
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The Office of the Comptroller of the Currency: Its History, Activities and ...

John Gilbert Heinberg - 1926 - 104 halaman
...outstanding liabilities. No National Agricultural Credit Corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid in capital, and section 5204 of the Revised Statutes, prohibiting the payment of unearned dividends...
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Service Monographs of the United States Government, Masalah 38

Brookings Institution. Institute for Government Research - 1926 - 108 halaman
...outstanding liabilities. No National Agricultural Credit Corporation, except as herein provided, shall withdraw or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its paid in capital, and section 5204 of the Revised Statutes, prohibiting the payment of unearned dividends...
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United States Code Annotated, Volume 12

United States - 1927 - 612 halaman
...Woodbury (1919) 97 SE 754, 177 NC 70. § 56. Prohibition on withdrawal of capital; unearned dividends. No association, or any member thereof, shall, during...the form of dividends or otherwise, any portion of §55 TITLE 12.— BANKS AND BANKING its capital. If losses' have at any tiire been sustained by any...
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The Central Law Journal, Volume 6

1878 - 542 halaman
...close up the business of the association, according to section 5,234. SEC. 5,204. Xo association or member thereof, shall, during the time it shall continue...dividends or otherwise, any portion of its capital. * • • But nothing in this section shall prevent the reduction of the capital stock of the association,...
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Ballantine on Corporations: Founded on Clark and Marshall Corporations

Henry Winthrop Ballantine - 1927 - 1012 halaman
...notwithstanding a statute prohibiting the corporation, or any member thereof, from withdrawing or permitting to be withdrawn, either in the form of dividends or otherwise, any portion of its capital, on the ground that this provision was not intended to apply to a 115 See cases cited in note 114, Brooks...
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