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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... "
Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ... - Side 85
av Oklahoma - 1899
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The Merchants' Magazine and Commercial Review, Volum 48

1863 - 512 sider
...portion of its 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

William B. Dana - 1863 - 508 sider
...portion of its 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 51

1864 - 496 sider
...stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted...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...
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American Slavery and Finances, Volumer 1-9

Robert John Walker - 1864 - 414 sider
...its capital stock, or forbidden. 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, or security which, at the time, was deemed adequate to insure the payment of such debt, independent...
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THE AMERICAN ANNUAL CYCLOPAEDIA

1864 - 878 sider
...portion of its 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 Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 sider
...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...contracted in good faith ; and stock so purchased or required to be sold or disposed of, at public or private sale, within six months from the time of its...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volum 18

United States. Supreme Court - 1874 - 726 sider
...stock, and prohibit also every bank from purchasing or holding any such shares, unless such security or purchase shall be necessary to prevent 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....
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 sider
...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...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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Appletons' Annual Cyclopaedia and Register of Important Events: Embracing ...

1869 - 944 sider
...portion of its 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 tho pavment of such debt, independent...
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An Analytical Digest of the Laws of the United States, Volum 2

Frederick Charles Brightly - 1869 - 680 sider
...own capital stock, nor be the purchaser or holder of any such shares, unless such la 8tat' security mSj g n inooo k n con- stock n°'<0 ta tracted in good faith ;(c) and stock so purchased or acquired shall, within six...
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