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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 Law of Banks and Banking: Including Acceptance, Demand and Notice of ... - Σελίδα 687
των John Maxcy Zane - 1900 - 852 σελίδες
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Annual Reports of the War Department

United States. War Department - 1908 - 446 σελίδες
...issuing, and circulating bank notes under the provisions of this act. ARTICLE VI. The bank shall not make any loan or discount on the security of the shares of its own capital stock, nor be a purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent...

United States Circuit Courts of Appeals Reports: With Key-number Annotations ...

1908 - 822 σελίδες
...[US Comp. St. 1901, p. 3494], which provides that no association shall make any loans •or discounts on the security of the shares of its own capital stock, nor be holder or purchaser of any such shares, unless to prevent loss on a debt previously contracted in good...

Journal of the House of Representatives, Μέρος 1

Texas. Legislature. House - 1909 - 1440 σελίδες
...the same shall be so appropriated by the Legislature biennially thereafter. Sec. 19. No State bank shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss Upon a debt previously contracted In good faith; and stock so purchased or acquired shall within...

Laws Passed by the ... Legislature of the State of Texas

Texas - 1909 - 606 σελίδες
...prescribed by the board of directors and shown upon the minutes of the corporation. SEC. 36. No State bank shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith; and stock so purchased or acquired, shall,...

Journal, Τόμοι 1-4

Texas. Legislature. Senate - 1909 - 1392 σελίδες
...monthly, under oath, by each examiner and shall be approved by the Commissioner." Sec. 24. No State bank shall make any loan or discount on the security of...security or purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith ; and stock so purchased or acquired shall,...

A Treatise on the Law of Intercorporate Relations

Walter Chadwick Noyes - 1909 - 996 σελίδες
...Colo. 374 (1901), (65 Pac. Rep. 34). The National Banking Act (US Rev. Stat. § 5201) declares that "no association shall make any loan or discount on the security of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase...

The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 σελίδες
...enforced in an action at law. Welles v. Graves, 41 Fed. Rep. 459. § 5201. [US Comp. Stat. 1901, p. 3494.] No association shall make any loan or discount on...holder of any such shares, unless such security or purchaes shall be necessary to prevent loss upou a debt previously contracted in good faith ; and stock...

Digest of State Banking Statutes

Samuel Alfred Welldon - 1910 - 768 σελίδες
...exceed 50 per cent of paid-in capital and surplus (33) . "No corporation transacting a banking business shall make any loan or discount on the security of...nor be the purchaser or holder of any such shares, or the shares of any corporation, unless such security or purchase shall be necessary to prevent loss...

Biennial Report of the Bank Commissioner of the State of Oklahoma

1912 - 784 σελίδες
...shall not invest any of its funds in the stock of any other bank or in corporation, nor make any loans or discount on the security of the shares of its own...purchaser or holder of any such shares, unless such securities or purchase shall be necessary to prevent loss upon a debt previously contracted in good...

Biennial Report of the Bank Commissioner of the State of Oklahoma

1912 - 420 σελίδες
...shall not invest any of its funds in the stock of any other bank or in corporation, nor make any loans or discount on the security of the shares of its own...nor be the purchaser or holder of any such shares, xinless such securities or purchase shall be necessary to prevent loss upon a debt previously contracted...




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