 | John Martin Chapman, Ray Bert Westerfield - 1927 - 798 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 time of its purchase, be sold or... | |
 | 1927 - 280 pages
...sec. 35. 8 Nor be the holder or purchaser of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith; such stock to be disposed of within six months. 9 Sec. 27. capital. Not included, however, within this... | |
 | 1878 - 542 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, be sold... | |
 | United States. Federal Reserve Board - 1928 - 808 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, be sold... | |
 | United States Congress. House. Banking and Currency Committee - 1930 - 1152 pages
...after such time. In cases where such stock is taken as collateral and the purchase thereof shall be necessary to prevent loss upon a debt previously contracted in good faith, then in such cases such stock shall be sold by the bank within 12 months from the time that it was... | |
 | United States. Congress. House. Committee on Banking and Currency - 1930 - 1066 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; stocks so purchased or acquired shall, within six months of the time of ita purchase, be sold or disposed... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1932 - 576 pages
...be the purchaser or holder of the stock of such affiliate, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith ; and any stock so purchased or acquired shall be sold or disposed of at public or private sale within... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1933 - 616 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 s>hall, within six months from the time of its purchase, be sold... | |
 | 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... | |
 | 1996 - 332 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 6 months from the time of its purchase, be sold or... | |
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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... 
