 Stock (Sec. 5201). —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...  Public Documents of Massachusetts - Halaman loleh Massachusetts - 1894Tampilan utuh - Tentang buku ini
 | 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. 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... | |
 | Irving Browne - 1880 - 638 halaman
...Marine Bank, 3 Gill, 97. Section 36 of the act of Congress of June 3, 1864, provides that no association shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith ; and stock so purchased or acquired shall,... | |
 | 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... | |
 | 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... | |
 | 1883 - 876 halaman
...any portion of its own stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously contracted, in good faith, on security which at the time was deemed adequate to insure the payment of such stock independent of... | |
 | United States. Supreme Court - 1896 - 1242 halaman
...banking association is prohibited by law from purchasing shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. (6) The purchase by officers of a national banking association of shares of its own capital stock,... | |
 | 1901 - 1164 halaman
...any of its funds in the stock of any other bank or corporation, nor make any loans or discounts mi the security of the shares of Its own capital stock,...holder of any such shares unless such security or purchas.shall he necessary to prevent loss upon a debt previously contracted In good faith; and stork... | |
 | 1884 - 1126 halaman
...security of the shares of its own capital stock, and prohibit, also, every bank from purchasing or holding any such shares, unless such security or purchase...loss upon a debt previously contracted in good faith. Surely an implication is inadmissible which contradicts either the letter or the spirit of the act.... | |
 | 1918 - 1212 halaman
...provided, he shall be deemed guilty of a misdemeanor. National Banking Act declares that no association shall make any loan or discount on the security of the shares of its own capital stock, or be the purchaser or holder of any such shares, unless such security or purohnse shall be necessary... | |
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