 | A.S. Pratt & Sons - 1886 - 252 pages
...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...be sold or disposed of at public or private sale, or, in default thereof, a receiver may be appointed to close up the business of the association, according... | |
 | John Torrey Morse (Jr.) - 1888 - 712 pages
...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...purchase, be sold or disposed of at public or private sale ; or, in default thereof, a receiver may be appointed to close up the 1 § 135. Bank». Lanier, 11... | |
 | 1912 - 1268 pages
...purchase shall be necessary to prevent loss upon debt previously contracted in good faith ;, and stock purchased or acquired shall, within six months from...be sold or disposed of at public or private sale." We are of opinion that the discount of Clausen's paper by the bank upon which it made the loan to him... | |
 | 1888 - 1064 pages
...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 shall, within six (6) months from the time of its purchase, be sold or disposed of at public... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 pages
...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...be sold or disposed of at public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm or corporation, other than... | |
 | United States - 1889 - 120 pages
...such security or purchase shall be necessary to preis waii , sea. vent joss Upon a debf. previoas]y contracted in good faith ; and stock so purchased...the time of its purchase, be sold or disposed of at puhьо^ф'»Ипи»м?;! lie or private sale ; or, in default thereof, a receiver may be stick."... | |
 | Abraham Clark Freeman - 1889 - 1018 pages
...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...and stock so purchased or acquired shall, within six (6) months from the time of its purchase, be sold or disposed of at public or private sale." This is... | |
 | Abraham Clark Freeman - 1889 - 1012 pages
...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...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... | |
 | Michigan. Legislature - 1889 - 730 pages
...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... | |
 | Irving Browne - 1889 - 824 pages
...of the counts under consideration to aver that the purchase of the shares of the association was not necessary to prevent loss upon a debt previously contracted in good faith is a United States v. Curtis. fatal defect. These counts merely charge that the defendant willfully... | |
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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... 
