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" If no bidder can be found who will pay for such stock the amount due thereon to the association, and the cost of advertisement and sale, the amount previously paid shall be forfeited to the association, and such stock shall be sold as the directors may... "
A General Digest of the Law of Corporations: Presenting the American ... - Page 60
by Benjamin Vaughan Abbott, Austin Abbott - 1869 - 1004 pages
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The National-bank Act, as Amended: With Other Laws Relating to National Banks

United States - 1911 - 184 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association, and the cost of advertisement...time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association. If any such cancellation and reduction...
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General Laws of the State of Idaho ...

Idaho - 1911 - 888 pages
...costs 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 (6) months from the time of such forfeiture, and if not sold, it shall be cancelled and held as unissued...
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General Laws of the State of Idaho ...

Idaho - 1911 - 942 pages
...costs 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 (6) months from the time of such forfeiture, and if not sold, it shall be cancelled and held as unissued...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association, and the cost of advertisement...the directors may order, within six months from the tinTe of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock...
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Rural Credits: Joint Hearings Before the Subcommittees of the ..., Part 1

United States. Congress. Senate. Committee on Banking and Currency - 1914 - 1020 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association and the cost of advertisement...time of such forfeiture; and if not sold, it shall be canceled and deducted from the capital stock of the association. If any such cancellation and reduction...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount pany, corporation, bank or other institution, person or persons having canceled and deducted from the capital stock of the association. If any such cancellation and reduction...
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Compiled Statutes of the United States, 1913: Embracing the ..., Volume 4

United States - 1914 - 1272 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association, and the cost of advertisement...time of such forfeiture, and if not sold it shall be canceled and deducted from the capital stock of the association. If any such cancellation and reduction...
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Rural Credits: Joint Hearings Before the Subcommittees of the Committees on ...

United States. Congress. Senate. Committee on Banking and Currency - 1914 - 982 pages
...paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association and the cost of advertisement...stock shall be sold as the directors may order, within sii months from the time of such forfeiture; and if not sold, it shall be canceled and deducted from...
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Annual Report of the Corporation Commission for the Year Ending ..., Volume 15

North Carolina. Corporation Commission - 1914 - 1170 pages
...indebtedness of such stockholder to the bank, the amount previously paid shall be forfeited to tbe hank and such stock shall be sold as the directors may order within six mouths of the time of such forfeiture, and if not paid, it shall be canceled and deducted from the...
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Corporation, Insurance, and Banking Laws of the Territory of Hawaii,.

Hawaii - 1915 - 86 pages
...to the corporation, the amount therefor paid in on such stock shall be forfeited to the corporation and such stock shall be sold as the directors may...time of such forfeiture, and if not sold, it shall be canceled. Sec. 3325. Loans to stockholders. The stockholders of any corporation formed under this chapter...
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