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" the extent of the amount of the stock therein, at the par value thereof, in addition to the amount invested In such shares. To permit a trust company to purchase shares of its own capital stock would permit it to impair the security intended for the benefit... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxiv
by Michigan. Banking Division - 1922
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United States Supreme Court Reports, Volume 68

United States. Supreme Court - 1925 - 1154 pages
...for all contracts, debts and engagements of such association, to the extent of the amount of tbeir stock therein, at the par value thereof, in addition to the amount invested in such shares." Rev. Stat. § 5151; Act December 23, 1913, chap. 6, § 23, 38 Stat. at L. 273, Сотр. Stat. § 9689,...
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United States Supreme Court Reports, Volume 46

United States. Supreme Court - 1902 - 1264 pages
...for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in Mich shares," etc. By § 5234 the Comptroller of the Currency is authorized to appoint a receiver of...
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Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking ...

United States Congress. House. Banking and Currency Committee - 1958 - 908 pages
...or incurred subsequent to the date of the enactment of this Act to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares. The words "entered into or incurred" as ussd in this section, shall be held to include any extension...
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Congressional Serial Set

1959 - 1372 pages
...for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares; except that shareholders of any banking association now existing under State laws, having not less...
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United States Congressional Serial Set, Issue 12152

1959 - 1410 pages
...for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares; except that shareholders of any banking association now existing under State laws, having not less...
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The Federal and State Constitutions: Colonial Charters, and Other ..., Volume 7

Francis Newton Thorpe - 1909 - 662 pages
...corporation or association accruing while they remain such stockholders, (o the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares. SEC. 13. All railroad, canal and other transportation companies are declared to be common carriers...
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