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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... "
Practical Information Concerning the Public Debt of the United States: With ... - Side 123
av William Adams Richardson - 1873 - 208 sider
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Public Documents of Massachusetts, Volum 6

Massachusetts - 1899 - 1192 sider
...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...be sold or disposed of at public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm or corporation, other than...
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The Bankers' Magazine, and Journal of the Money Market, Volum 39

1879 - 1110 sider
...the security of the shares of their own capital stock, or from purchasing or holding the same unless to prevent loss upon a debt previously contracted in good faith. And, even in the latter case, they are not permitted permanently to hold or to cancel shares so obtained,...
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The Compiled Laws of the State of Michigan: Published by Authority, Del 2

Michigan, Thomas McIntyre Cooley - 1857 - 998 sider
...stock of any other incorporated company, unless such purchase or other Capital ,,,, ч ii • ^T 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...
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Public and Local Acts of the Legislature of the State of Michigan, Volum 2

Michigan - 1857 - 1012 sider
...,/.,'. , , nor hold its own stock of any other incorporated company, unless such purchase •tock. 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...
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Public Documents of Massachusetts, Utgave 7,Del 1 -Utgave 8,Del 1

Massachusetts - 1893 - 1064 sider
...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...from the time of its purchase, be sold or disposed of ut public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm...
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Public Documents of Massachusetts, Volum 6,Del 1

Massachusetts - 1894 - 760 sider
...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...and stock so purchased or acquired shall, within six mouths from the time of its purchase, be sold or disposed of at public or private sale. SECT. 17. The...
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Public Documents of Massachusetts, Volum 6,Del 2

Massachusetts - 1894 - 304 sider
...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 debt previously contracted in good faith ; and stock xxiv APPENDIX. so purchased shall, within six months from the time of its purchase, be sold or disposed...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1860 - 994 sider
...of the capi•apiui stock of ta' stoc'c °f any other incorporated bank, 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...
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The Merchants' Magazine and Commercial Review, Volum 48

William B. Dana - 1863 - 508 sider
...capital 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...
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The Merchants' Magazine and Commercial Review, Volum 48

1863 - 512 sider
...capital 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...
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