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" No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion Of its capital. "
The National-Bank Act and Other Laws Relating to National Banks, from the ... - Page 31
by United States - 1889 - 114 pages
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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - 1906 - 864 pages
...association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the...equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues...
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Principles of Law: Appendix

1906 - 534 pages
...association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the...equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues...
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International Library of Technology: A Series of ..., Volume 44, Part 2

1906 - 538 pages
...association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the...equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues...
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A Treatise on the Modern Law of Banking, Volume 1

Albert Sidney Bolles - 1907 - 600 pages
...corresponding amount of its bonds in the possession of the government may be retired.55 But it cannot withdraw, "either in the form of dividends or otherwise, any portion of its capital." B« The sole exception, in which a national bank can hold or purchase its stock, is to prevent loss...
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Modern Banking Methods and Practical Bank Bookkeeping

Albert Reed Barrett - 1908 - 346 pages
...association, or any member thereof, shall, during the tune it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the...equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues...
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Documentary Source Book of American History, 1606-1898, Volume 10

William MacDonald - 1908 - 648 pages
...in form of dividends or otherwise, any portion of its capital. And if losses shall at any time have been sustained by any such association equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it shall...
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Annual Report of the Bank Commissioner of the State of Oklahoma

1908 - 314 pages
...during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in form of dividends or otherwise, any portion of its capital. If losses have been at any time sustained by such bank equal to or exceeding its undivided profits then on hand, no...
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Laws Passed by the ... Legislature of the State of Texas

Texas - 1909 - 606 pages
...member of either, shall, during the time it shall continue in banking or banking and trust operations, withdraw or permit to be withdrawn, either in the...equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by a bank or bank and trust company...
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Journal, Volumes 1-4

Texas. Legislature. Senate - 1909 - 1392 pages
...member of either, shall, during the time it shall continue in banking or banking and trust operations, withdraw or permit to be withdrawn, either in the...dividends or otherwise any portion of its capital. Tf losses have at any time been sustained by any such association equal to or exceeding its undivided...
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Select Cases and Other Authorities on the Law of Private Corporations

Edward Henry Warren - 1909 - 736 pages
...capital. Under such circumstances we cannot think that Congress intended by the use of the expression " withdraw or permit to be withdrawn, either in the...dividends, or otherwise," any portion of its capital, to include the case of the passive receipt of a dividend by a shareholder in the bona fide belief that...
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