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" ... and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 5
by Michigan. Banking Division - 1892
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such or modification has not expired when this section, as amended, takes effect. § 1 such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association....
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Rural Credits: Joint Hearings Before the Subcommittees of the ..., Part 1

United States. Congress. Senate. Committee on Banking and Currency - 1914 - 1020 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture; and if not sold, it shall be canceled and deducted from the capital stock of the association....
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Compiled Statutes of the United States, 1913: Embracing the ..., Volume 4

United States - 1914 - 1272 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such r) such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association....
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Corporation, Insurance, and Banking Laws of the Territory of Hawaii,.

Hawaii - 1915 - 86 pages
...corporation, the amount therefor paid in on such stock shall be forfeited to the corporation and such stock shall be sold as the directors may order within six months from the time of such forfeiture, and if not sold, it shall be canceled. Sec. 3325. Loans to stockholders. The stockholders...
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United States Code Annotated, Volume 12

United States - 1927 - 612 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association....
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Digest of Rulings of the Federal Reserve Board (1914-1927, Inclusive): With ...

United States. Federal Reserve Board - 1928 - 808 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association....
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Study of Banking Laws, Hearing Before ..., 84:2 ....

United States. Congress. Senate. Committee on Banking and Currency - 1956 - 468 pages
...advertisinent and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association....
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Study of Banking Laws: Legislative Recommendations of the Federal ...

United States. Congress. Senate. Committee on Banking and Currency - 1956 - 238 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be cancelled and deducted from the capital stock of the association....
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Hearings, Reports and Prints of the Senate Committee on Banking and Currency

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 716 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be cancelled and deducted from the capital stock of the association...
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Federal Banking Laws and Reports, 1780-1912 ..., 50th Anniversary, 1913-1963 ...

United States. Congress. Senate. Committee on Banking and Currency - 1963 - 548 pages
...advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may order, within six months from the time of such forfeiture, and if not sold it shall be cancelled and deducted from the capital stock of the association...
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