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" A bank may purchase, hold and convey real estate for the following purposes, but no other: First, Such as shall be necessary for the convenient transaction of its business, including with its banking office, other apartments to rent as a source of income,... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxx
by Michigan. Banking Division - 1920
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1916 - 798 pages
...estate Is governed by Section XI of the General Banking Law, which provides. In part, as follows : "A bank may purchase, hold and convey real estate for...following purposes, but no other : First. Such as shall he necessary for the convenient transaction of Its business, including with Its banking office other...
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Maryland Corporation Law

Maryland - 1916 - 748 pages
...A bank or trust company may purchase, hold and convey real estate for the following purposes only : First — Such as shall be necessary for the convenient...transaction of its business, including, with its banking offices, other apartments in the same building, or on adjoining land, to rent as a source of income....
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General Laws of the State of Idaho, Volume 14

Idaho - 1917 - 644 pages
...or trust company may purchase, acquire, hold and convey real estate for the following purposes only: First. Such as shall be necessary for the convenient...transaction of its business, including with its banking offices other apartments to rent as a source of income : Provided, however, That no bank or trust company...
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Session Laws of the State of Washington

Washington (State) - 1917 - 948 pages
...purchase, ueai estate hold and convey real estate for the following purposes banks, and no other : 1. Such as shall be necessary for the convenient transaction of its business, including with its banking offices other apartments in the same building to rent as a source of income : Provided, That as to...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1919 - 864 pages
...of 1897 enter into a lease of the nature indicated. This section provides, in part, as follows: "A bank may purchase, hold and convey real estate for...transaction of its business, including with Its banking offices other apartments to rent as a source of income, but which shall not exceed 50% of Its paid...
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Wisconsin Insurance Laws as Amended by the Legislative Session of 1921

Wisconsin - 1921 - 312 pages
...company shall acquire or hold real estate, excepting for the purposes and in the manner following: (a) Such as shall be necessary for the convenient transaction of its business, including with its offices other apartments to rent as a source of income, the value of which shall not exceed twenty...
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National Banking Under the Federal Reserve System

First National City Bank of New York - 1923 - 166 pages
...furnished by the Comptroller. [87] POWER TO HOLD REAL PROPERTY THE Federal law prescribed that a national bank may "purchase, hold, and convey" real estate for the following purposes only: 1 — Such as shall be necessary for its immediate accommodation in the transaction of its business....
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General Laws of the State of Idaho ...

Idaho - 1925 - 536 pages
...HOLDINGS. A bank may purchase, acquire, hold and convey real estate for the following purposes only: 1. Such as shall be necessary for the convenient transaction of its business, including with its banking offices other apartments to rent as a source of income; provided, however, that no bank shall invest...
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A Compilation of the Laws of Minnesota Relating to State Banks, Savings ...

Minnesota - 1925 - 76 pages
...corporate seal impressed thereon. (GS 1923, 7678). Real Estate Not to Exceed Forty Per Cent—Such bank may purchase, hold and convey real estate for the following purposes: 1. Such as shall be necessary for the convenient transaction of its business, including with its banking...
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Biennial Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1928 - 874 pages
...not prohibited, then it would seem that such right exists. Section 11 of the Banking act provides: "A bank may purchase, hold and convey real estate for...necessary for the convenient transaction of its business * * *." It seems to have been the policy of the legislature not to permit state banks to engage in...
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