 | Massachusetts. Division of Banks and Loan Agencies - 1897 - 344 pages
...No such corporation shall be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith ; and stock so purchased shall, within six months from the time of its purchase, be sold or disposed... | |
 | Wisconsin - 1897 - 1392 pages
...of itscapital stock. Nobank shall be the holder of or purchaser of any portion of its capital stock, unless such purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith. Stocks so purchased shall in no case be held by the bank for a longer time than six mouths, if the... | |
 | Oklahoma - 1897 - 344 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 or acquirement,... | |
 | 1897 - 1236 pages
...justify such a contract under the statute, it was incumbent npon the defendant to prove that it was necessary to prevent loss upon a debt previously contracted in good faith, and no evidence was given upon that question. The significant and the important and 77 Mew York State... | |
 | Charles Burke Elliott - 1898 - 342 pages
...capital stock or of the capital stock of any . other incorporated company, unless such purchase should 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... | |
 | 1898 - 1258 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 iu good faith. 13 Rtat 110, § 35. We have here, then, an express inhibition against doing the very... | |
 | Michigan - 1899 - 704 pages
...stockholders. No bank shall be the holder or pur»t'ookcapl " chaser of any portion of its capital stock unless such purchase shall be necessary to prevent...shall in no case be held by the bank for a longer time time than six months, if the stock can be sold for what it cost, and it must be sold for the best price... | |
 | United States. Supreme Court - 1899 - 760 pages
...A national banking association is prohibited by law from purchasing shares of its own capital stock unless such purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith. 6. The purchase by officers of a national banking association of shares of Its own capital stock unless... | |
 | United States. Supreme Court - 1899 - 868 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... | |
 | Oklahoma - 1899 - 278 pages
...its own capital stock, nor be the purchaser or holder of any such shares, unless such secur-ities 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... | |
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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... 
