 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 - Σελίδα 871918Πλήρης προβολή - Σχετικά με αυτό το βιβλίο
 | Massachusetts - 1899 - 1192 σελίδες
...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... | |
 | Massachusetts - 1893 - 1064 σελίδες
...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... | |
 | Massachusetts - 1894 - 304 σελίδες
...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... | |
 | Massachusetts - 1894 - 760 σελίδες
...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... | |
 | United States. Congress. House - 1863 - 1180 σελίδες
...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... | |
 | 1864 - 496 σελίδες
...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... | |
 | Charles Tennant - 1866 - 894 σελίδες
...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.... | |
 | James M. Hiatt - 1868 - 438 σελίδες
...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... | |
 | Frederick Charles Brightly - 1869 - 680 σελίδες
...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... | |
 | 1884 - 550 σελίδες
...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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