 | Abraham Clark Freeman - 1889 - 1012 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...faith; and stock so purchased or acquired shall, within BIX (6) months from the time of its purchase, be sold or disposed of at public or private sale." This... | |
 | Irving Browne - 1889 - 824 sider
...no banking association shall be a purchaser of its own shares, contains the exception "unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." This exception should have been negatived in these counts. The rule of pleading as laid down by Mr.... | |
 | Michigan. Legislature - 1889 - 730 sider
...the holder в»1»* not to or purchaser of any portion of its capital stock unless such pur- ' chase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock... | |
 | Kansas. Legislature. Senate. Revision Committee - 1890 - 248 sider
...purchaser or holder of any 3 such shares, unless such security or purchase shall be necessary to pre4 vent loss upon a debt previously contracted in good faith, and stock so 5 purchased or acquired shall, within six months, be sold or disposed of at 6 public or private sale.... | |
 | 1891 - 328 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... | |
 | South Dakota - 1891 - 392 sider
...the shares of its own stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon...stock so purchased or acquired shall within six months be sold or disposed of at public or private sale. § 20. ASSETS AND LIABILITIES — RESERVE.] Each... | |
 | Claudius Buchanan Patten - 1908 - 648 sider
...bank shall loan or discount on the security of shares in its own capital stock unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." When shares are taken under the contingency last named the Bank Act demands that they be sold within... | |
 | New York (State). Court of Appeals - 1891 - 660 sider
...shares of its own capital stock, and from pufchasing or holding any of such shares, unless it becomes necessary to prevent loss upon a debt previously contracted in good faith. The capital of the bank was $100,000, divided into one thousand shares of 8100 each. Lee entered the... | |
 | Michigan. Banking Division - 1891 - 178 sider
...sank not to noia any portion of its capital stock unless such purchase shall be capltal 8tock' etc. necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock... | |
 | 1892 - 936 sider
...of the shares of its own capital stock, nor be the purchaser of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." US Rev. Stat. Ц 5201. Assuming this to be true, the defendants cannot lake advantage of it, because... | |
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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... 
