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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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Pratt's Digest of the Revised Statutes of the United States Relating to ...

1878 - 112 pages
...amount due on the stock and costs, the amount previously paid shall be forfeited to the bank, and the stock shall be sold as the directors may order within six months after forfeiture, and if not sold, it shall be cancelled and deducted from the original capital ; but...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880 - 638 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...
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The Code of Virginia: With the Declaration of Independence and the ...

Virginia - 1899 - 724 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...
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - 1886 - 252 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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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1887
...the bank, with any cost incurred, the amount previously paid shall be forfeited to the bank, 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 of the bank. If...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - 1888 - 712 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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Laws of the Territory of Utah Passed by the Legislative Assembly, Volume 28

Utah - 1888 - 264 pages
...advertising the sale, then 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 day of said forfeiture, and if not sold, shall be deducted from the capital stock of the association....
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...the bank, with any cost incurred, the amount previously paid shall be forfeited to the bank, 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 of the bank. If...
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General Laws of the State of Idaho ...

Idaho - 1921 - 648 pages
...incurred, the amount previously paid on such delinquent stock shall be forfeited to the bank 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 held as unissued capital stock of the bank....
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...the bank, with any cost incurred, the amount previously paid shall be forfeited to the bank, 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 of the bank. If...
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