 | Oklahoma - 1897 - 344 pages
...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,... | |
 | Wisconsin - 1897 - 1392 pages
...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... | |
 | New Mexico - 1897 - 1186 pages
...own stock, or of the capital stock of any other incorporated company, unless such purchase shall be er improvement, as aforesaid, shall be held to be the agent of the owner on security which at the time was deemed adequate to insure the payment of such debt, independent of... | |
 | Wisconsin - 1897 - 1354 pages
...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 months, if the... | |
 | 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... | |
 | Michigan - 1899 - 704 pages
...holder or pur»t'ookcapl " chaser of any portion of its capital stock unless such purchase shall be necessary to prevent loss upon a debt previously contracted...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
...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... | |
 | James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...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 the stock so purchased or acquired shall within one year from the time of its purchase be sold... | |
 | Oklahoma - 1899 - 278 pages
...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... | |
 | Missouri - 1900 - 328 pages
...should be required of shareholders as of persons who are not shareholders, unless it should become necessary to prevent loss upon a •debt previously contracted in good faith and on security which at the time was deemed adequate. No corporation organized under this article... | |
| |
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... 
