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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... "
Acts and Resolves Passed by the ... Legislature of the State of Maine - Page 258
by Maine - 1905
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894 - 760 pages
...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 the shares...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...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863 - 1180 pages
...redemption of their circulation. "ЙЕС. 35. And be it further enac/i'd, That no association shall make any loan or discount on the security of the shares...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...
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The Merchants' Magazine and Commercial Review, Volume 51

1864 - 496 pages
...the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on the security of the shares...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...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 pages
...the amount due to them available for the redemption of this circulation. Sec. 35. No Association to make any loan or discount on the security of the shares...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...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - 1874 - 726 pages
...abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on the security of the shares of its own capital stock, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 pages
...issued by any association existing under and by virtue of. this act. SEC. 35. That no association shall make any loan or discount on • . • the security...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...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 pages
...issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on the security of the shares 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...
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An Analytical Digest of the Laws of the United States

Frederick Charles Brightly - 1869 - 680 pages
...the national banking law, approved June 3d 1864.(6) VI. GENERAL PROVISIONS. 36. No association shall ciation shall fail to redeem its circulating notes as afor 3 June ISM -;?',. its own capital stock, nor be the purchaser or holder of any such shares, unless...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 pages
...the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on the security of the shares...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...
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Albany Law Journal, Volume 28

1884 - 550 pages
...writ of error. FIELD, J. Section 5,201 of the Revised Statutes declares that " no association shall make any loan or discount on the security of the shares...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...
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