 | A.S. Pratt & Sons - 1886 - 252 pages
...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 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
...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 in good faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
 | Irving Browne - 1889 - 824 pages
...declares that no banking association shall be a purchaser of its own shares, contains the exception "unless such purchase shall be necessary to prevent...upon a debt previously contracted in good faith." This exception should have been negatived in these counts. The rule of pleading as laid down by Mr.... | |
 | United States - 1889 - 90 pages
...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 in good faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
 | Abraham Clark Freeman - 1889 - 1012 pages
...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 in good faith; and stock so purchased or acquired shall, within BIX (6) months from the time of its purchase, be sold... | |
 | Michigan. Legislature - 1889 - 730 pages
...the holder в»1»* not to or purchaser of any portion of its capital stock unless such pur- ' chase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock... | |
 | Claudius Buchanan Patten - 1908 - 648 pages
...bank shall loan or discount on the security of shares in its own capital stock unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith." When shares are taken under the contingency last named the Bank Act demands that they be sold within... | |
 | 1891 - 328 pages
...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 in good faith ; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold... | |
 | South Dakota - 1891 - 392 pages
...shares of its own 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 be sold or disposed of at public or private... | |
 | New York (State). Court of Appeals - 1891 - 660 pages
...shares of its own capital stock, and from pufchasing or holding any of such shares, unless it becomes necessary to prevent loss upon a debt previously contracted in good faith. The capital of the bank was $100,000, divided into one thousand shares of 8100 each. Lee entered the... | |
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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... 
