 | United States. Supreme Court - 1883 - 890 pages
...of the counts under consideration to aver that the purchase of the shares of the association was not necessary to prevent loss upon a debt previously contracted in good faith is a fatal defect. These counts merely charge that the defendant wilfully misapplied the funds of the... | |
 | United States. Supreme Court - 1883 - 1004 pages
...of the counts under consideration to aver that the purchase of the shares of the association was not necessary to prevent loss upon a debt previously contracted in good faith is a fatal defect. These counts merely charge that the defendant willfully misapplied the funds of... | |
 | United States. Supreme Court - 1896 - 1244 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,... | |
 | William Colebrooke - 1883 - 734 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... | |
 | 1901 - 1164 pages
...bank cannot thereafter become the purchaser or holder of loans on such stock unless it shall become necessary to prevent loss upon a debt previously contracted in good faith, yet, if a stockholder has become liable to the bank as principal, surety, or otherwise on debts not... | |
 | 1884 - 1126 pages
...also, every bank from purchasing or holding any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Surely an implication is inadmissible which contradicts either the letter or the spirit of the act.... | |
 | A.S. Pratt & Sons - 1886 - 252 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... | |
 | John Torrey Morse (Jr.) - 1888 - 712 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 - 1889 - 90 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... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1889 - 928 pages
...the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased shall, within six months from the time of its, purchase, be sold or disposed... | |
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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... 
