 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
 | New York (State). Supreme Court. Appellate Division - 1898 - 740 halaman
...notwithstanding the fact that the provisions of the National Hanking Act prohibit a bank from making any loan or discount on the security of the shares of its own capital stock, except to prevent a loss upon a debt previously contracted in good faith. Such au assignee is not entitled... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1897 - 344 halaman
...corporation shall be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a...contracted in good faith ; and stock so purchased shall, within six months from the time of its purchase, be sold or disposed of at public or private... | |
 | Wisconsin - 1897 - 1392 halaman
...stock. Nobank shall be the holder of 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. Stocks so purchased shall in no case be held by the bank for a longer time than six mouths, if the... | |
 | New Mexico - 1897 - 1186 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 debt, independent of... | |
 | 1898 - 1258 halaman
...36 of the earlier act. It also contained a provision that no association organized thereunder should make any loan or discount on the security of the shares...to prevent loss upon a debt previously contracted iu good faith. 13 Rtat 110, § 35. We have here, then, an express inhibition against doing the very... | |
 | Andrew Hamilton - 1898 - 460 halaman
...each offense, forfeit to the people of the state twice the amount which he shall have borrowed. 5. No such corporation shall make any loan or discount...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith; and stock purchased or acquired shall, within six months... | |
 | James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 halaman
...high misdemeanor, and punished accordingly. 15. Bank may not loan on or purchase its shares. No bank shall make any loan or discount on the security of...upon a debt previously contracted in good faith; and the stock so purchased or acquired shall within one year from the time of its purchase be sold or disposed... | |
 | New Jersey - 1899 - 658 halaman
...high misdemeanor, and punished accordingly. BANK MAY NOT LOAN ON OR PURCHASE ITS SHARES. 15. No bank shall make any loan or discount on the security of...upon a debt previously contracted in good faith ; and the stock so purchased or acquired shall within one year from the time of its purchase be sold or disposed... | |
 | New Jersey - 1899 - 660 halaman
...thesecurity Loan on, or purof the shares of its own capital stock, nor be the purchaser JtoVk prohibi or holder of any such shares unless such security...upon a debt previously contracted in good faith ; and the stock so purchased or acquired shall within one year from the time of its purchase be sold or disposed... | |
 | Oklahoma - 1899 - 278 halaman
...shall not invest any of its funds in the stock of any other bank or incorporation, nor make any loans or discount on the security of the shares of its own...purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously contracted in good... | |
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