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" ... 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 in good faith; and stock so purchased... "
A Treatise on the Law Relating to Banks and Banking: With an Appendix ... - Side 509
av John Torrey Morse (Jr.) - 1870 - 542 sider
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Public Documents of Massachusetts, Volum 6,Del 1

Massachusetts - 1894 - 760 sider
...of real and personal property upon such terms as may be agreed upon. SECT. 16. No such corporation shall make any loan or discount on the security of...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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Public Documents of Massachusetts, Volum 6,Del 2

Massachusetts - 1894 - 304 sider
...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 of at public or private sale. SECT. 11. The shareholders of every such corporation shall be held individually liable in the same...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volum 1

United States. Congress. House - 1863 - 1180 sider
...within thirty days from the date of such cancellation, be brought up to the requirements of the act ; in default of which a receiver may be appointed to...of the association according to the provisions of the fiftieth section of this act. " SEC. 16. And be it further enacted, That every association, after...
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The Merchants' Magazine and Commercial Review, Volum 51

1864 - 496 sider
...faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which a receiver may he appointed to close up the business of the association, according to the provisions of this act....
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 sider
...disposed of, at public or private sale, within six months from the time of its purchase, in default a receiver may be appointed to close up the business of the Association. Sec. 36. Limitation of indebtedness prescribed. Sec. 37. Pledge of notes of circulation enjoined. Sec....
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 sider
...debt previously contracted in good faith; and stock so purchased or acquired, shall, within six months from the time of its purchase, be sold or disposed...according to the provisions of this act. SEC. 36. That no association shall, at any time, be indebted, or in any way liable, to an amount exceeding its...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 sider
...debt previously contracted in good faith; and stock so purchased or acquired, shall, within six months from the time of its purchase, be sold or disposed...close up the business of the association, according to ihe provisions of this act. SEC. 36. That no association shall, at any time, be indebted, or in any...
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An Analytical Digest of the Laws of the United States, Volum 2

Frederick Charles Brightly - 1869 - 680 sider
...within thirty days from the date of such cancellation, be increased to the requirements of the act ; late, die or block, or cause or suffer the same to...counterfeiting any of the notes issued as aforesa the fiftieth section of this act. ibid. J 18. 16. Every association, after having complied with the...
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Albany Law Journal, Volum 28

1884 - 550 sider
...from the time of its purchase, be sold or disposed of at public or private sale, or in default thereof a receiver may be appointed to close up the business of the association." While this section in terms prohibits a banking association from making a loan upon the security of...
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 sider
...within thirty days from the date of such cancellation, be increased to the requirements of the act; in default of which a receiver may be appointed to...of the association according to the provisions of the fiftieth section of this act. DEPOSIT OF UNITED STATES BONDS. liminary to the commencement of banking...
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