 | 1879 - 1110 pages
...par, on demand. УТТ. If an association which accepts any shares of its own capital stock in order to prevent a loss upon a debt previously contracted in good faith (which is the only way in which snch stock can bo legally acquired by it), shall fail to sell such... | |
 | Nathan Howard (Jr.) - 1871 - 702 pages
...1864, 13 V. 8. Statutes, 99,1. The bank could only acquire an interest iu its stock by a purchase, to prevent a loss upon a debt previously contracted in good faith : Held, also, that a debt due from the stockholder, arising trom collections made by him for the bank,... | |
 | 1872 - 926 pages
...of 1864, l;i US Statutes, 99.) The bank could only acquire an interest in its stock by a purchase, to prevent a loss upon a debt previously contracted in good faith. Held, also, that a debt due from the stockholder, arising from collections made by him for the bank,... | |
 | Nebraska. Supreme Court, David Allen Campbell, Guy Ashton Brown, Lorenzo Crounse, Walter Alber Leese, Lee Herdmen, Henry Clay Lindsay, Henry Paxon Stoddart - 1878 - 632 pages
...stock, nor be the purchaser or holder of any such shares, unless such 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 six months from the time of its purchase, be sold... | |
 | Isaac Grant Thompson - 1878 - 1018 pages
...lien on shares for debts. A National bank can acquire an interest in its own stock only by a purchase to prevent a loss upon a debt previously contracted in good faith ; and a provision in certificates of stock in such bank that they shall not be trans. ferred until... | |
 | United States. Congress. House - 1879 - 690 pages
...par. on <lcinand. XII. If an association which accepts any shares of its own capital stock in order to prevent a loss upon a debt previously contracted in good faith (which is the only way in which such stock can be legally acquired by it), shall fail to sell such... | |
 | Irving Browne - 1880 - 638 pages
...stock, nor be the purchaser or holder of any such shares, unless such 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 six months from the time of its purchase, be sold... | |
 | Seymour Dwight Thompson - 1895 - 1100 pages
...governing statute prohibited any bank from holding or purchasing stock in another corporation, except to prevent a loss upon a debt previously contracted in good faith. It was held that the action was not maintainable.5 .... The trustees of a savings institution in Maine... | |
 | New York (State). Supreme Court. Appellate Division - 1898 - 740 pages
...bank from making any loan or discount on the security of the shares of its own capital stock, except to prevent a loss upon a debt previously contracted in good faith. Such an assignee is not entitled to have the stock so assigned to him transferred upon the books of... | |
 | Texas. Legislature. House - 1909 - 1440 pages
...stock, nor be the purchaser or holder of any such shares, unless such 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 six months from the time of its purchase be sold or... | |
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Nothing contained herein shall prevent corporations organized hereunder from purchasing and holding stock in any corporation where such purchase shall be necessary to prevent a loss upon a debt previously contracted in good faith... 
