 | United States. Congress. House - 1863 - 1180 pages
...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 or acquired shall, within six months from the time of its purchase, be sold... | |
 | Robert John Walker - 1864 - 414 pages
...association shall be capital stock the purchaser or holder of any portion of its capital stock, or forbidden. of the capital stock of any other incorporated company,...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... | |
 | 1864 - 496 pages
...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 in good faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, he sold... | |
 | Charles Tennant - 1866 - 894 pages
...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 or required to be sold or disposed of, at public or private sale, within six... | |
 | United States. Supreme Court - 1874 - 726 pages
...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.... | |
 | James M. Hiatt - 1868 - 438 pages
...of its own capital stock, nor be the purehaser 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 or acquired, shall, within six months from the time of its purchase, be sold... | |
 | John Torrey Morse (Jr.) - 1870 - 600 pages
...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 or acquired shall, within six mouths from the time of its purchase, be sold... | |
 | 1872 - 886 pages
...shareholders as of other persons : and no such banking association shall be the purchaser or holder of any portion of its capital stock, or of the capital...previously contracted in good faith, on security which, at thStime, was deemed adequate to insure the payment of such debt, independent of any lion upon such... | |
 | William Adams Richardson - 1873 - 192 pages
...stock, 14 nor be the purchaser or holder shares, except m of any such srmres, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
 | William Adams Richardson - 1873 - 208 pages
...purchaser or holder shares, except in of any such shares, unless such security or purchase shall oertam be necessary to prevent loss upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
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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... 
