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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... "
The Pacific Reporter - Stran 89
1918
Celotni ogled - O knjigi

Public Documents of Massachusetts, Količina 6

Massachusetts - 1899 - 1192 strani
...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...be sold or disposed of at public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm or corporation, other than...
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Public Documents of Massachusetts

Massachusetts - 1893 - 1064 strani
...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...from the time of its purchase, be sold or disposed of ut public or private sale. SECT. 17. The total liabilities to such corporation of any person, firm...
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Public Documents of Massachusetts, Količina 6 ,2. del

Massachusetts - 1894 - 304 strani
...prevent loss upon a debt previously contracted in good faith ; and stock xxiv APPENDIX. so purchased shall, within six months from the time of its purchase,...be sold or disposed of at public or private sale. SECT. 11. The shareholders of every such corporation shall be held individually liable in the same...
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Public Documents of Massachusetts, Količina 6 ,1. del

Massachusetts - 1894 - 760 strani
...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 mouths from the time of its purchase, be sold or disposed of at public or private sale. SECT. 17. The...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Količina 1

United States. Congress. House - 1863 - 1180 strani
...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...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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The Merchants' Magazine and Commercial Review, Količina 51

1864 - 496 strani
...shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased...shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which a receiver may he appointed to...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 strani
...disposed of, at public or private sale, within six months from the time of its purchase, in default a receiver may be appointed to close up the business of the Association. Sec. 36. Limitation of indebtedness prescribed. Sec. 37. Pledge of notes of circulation enjoined. Sec....
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 strani
...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...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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An Analytical Digest of the Laws of the United States, Količina 2

Frederick Charles Brightly - 1869 - 680 strani
...be necessary to prevent loss upon a debt previously con- stock n°'<0 ta tracted in good faith ;(c) and stock so purchased or acquired shall, within six...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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Albany Law Journal, Količina 28

1884 - 550 strani
...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...appointed to close up the business of the association." While this section in terms prohibits a banking association from making a loan upon the security of...
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