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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... "
Reports of Cases in the Supreme Court of Appeals of Virginia - Stran 82
avtor: Virginia. Supreme Court of Appeals - 1885
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The New York Supplement, Količina 51

1898 - 1258 strani
...36 of the earlier act. It also contained a provision that no association organized thereunder should make any loan or discount on the security of the shares...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...
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United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ...

United States. Supreme Court - 1899 - 868 strani
...also be referred to as indicating the policy of this legislation. It is in the following terms : " No association shall make any loan or discount on...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...
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1899 - 658 strani
...high misdemeanor, and punished accordingly. BANK MAY NOT LOAN ON OR PURCHASE ITS SHARES. 15. No bank shall make any loan or discount on the security of...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...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 strani
...high misdemeanor, and punished accordingly. 15. Bank may not loan on or purchase its shares. No bank shall make any loan or discount on the security of...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...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 strani
...shall not invest any of its funds in the stock of any other bank or incorporation, nor make any loans or discount on the security of the shares of its own...stock, nor be the purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously...
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Session Laws of 1890-1905: Passed at the 1st-8th Regular Session of the ...

Oklahoma - 1899 - 278 strani
...shall not in-vest any of its funds in the stock of any other bank or incorporation, nor make any loans or discount on the security of the shares of its own...stock, nor be the purchaser or holder of any such shares, unless such secur-ities or purchase shall be necessary to prevent loss upon a debt previously...
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The Commercial Year Book, Količine 3–4

1899 - 802 strani
...br has done. We may note, in this connection, tha: a national bank is expressly forbidden by law 1.1 "make any loan or discount on the security of the shares of its own capital stock." Bankruptcy. DISCHARGES UNDER THE BANKRUPT ACT. In 1892 A gave B notes falling due in one, two. three,...
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The Commercial Year Book, Količine 3–4

1899 - 782 strani
...has done. We may note, in this connection, that I a national bank is expressly forbidden by law to " make any loan or discount on the security of the shares of its own capital stock." Bankruptcy. DlBCHAKGKS UNDER THE BANKRUPT ACT. In 1892 A gave B notes falling due in one, two, three,...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 strani
...MAY NOT LOAN ON OB PURCHASE ITS SHARES. IS. No trust company shall make any loan on the No loan on or security of the shares of its own capital stock, nor be the ,p«oC«nsstock. purchaser or holder of any such shares unless such security or purchase shall be necessary...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 strani
...negotiating the same, shall not be considered as money borrowed. SEC. 5201. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on...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...
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