 | Oklahoma - 1899 - 278 pages
...stock, nor be the purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously...be sold or disposed of at public or private sale; after the expiration of six months any such stock shall not be considered as part of the assets of... | |
 | United States. Supreme Court - 1899 - 868 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." This... | |
 | 1920 - 1042 pages
...purohas ing- and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith: and stock so purchased or acquired in corporations organized under this section shall within six months Irom such purchasf be sold or... | |
 | 1928 - 934 pages
...statute that a national hank may purchase its shares on one condition only, namely. "When It shall be necessary to prevent loss upon a debt previously contracted in good faith." The only question was which had the better right to the surplus in the bands of the defendant after... | |
 | United States - 1971 - 1248 pages
...purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired in corporations organized under said sections shall, within six months from such purchase, be sold... | |
 | 1981 - 360 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 6 months from the time of its purchase, be sold or disposed of at public or private sale: or. in default... | |
 | 1996 - 332 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 6 months from the time of its purchase, be sold or disposed of at public or private sale; or. in default... | |
 | 1978 - 1266 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 6 months from the time of its purchase, be sold or disposed of at public or private sale; or, in default... | |
 | 1977 - 970 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...In good faith; and stock so purchased or acquired •hall, within 6 months from the time of It* purchase, be sold or disposed of at public or private... | |
 | 1992 - 468 pages
...upon a debt previously contracted in good faith; and stock so purchased or acquired shall, within 6 months from the time of its purchase, 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... | |
| |
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... 
