 | World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 pages
...own capital stock, nor be the purchaser or holder of anysuch shares, unless such security or purcha*? shall be necessary to prevent loss upon a debt previously...good faith; and stock so purchased or acquired shall be sold within six months from the time of its purchase. But no such purchase or sale shall relieve... | |
 | District of Columbia. Court of Appeals - 1902 - 670 pages
...the shares of its own capital stock, and from becoming the purchaser or holder of any such shares, unless such security or purchase shall be necessary...loss upon a debt previously contracted in good faith. 3. An affidavit of defense in an action by a national bank upon a promissory note, is insufficient... | |
 | Massachusetts. Division of Banks and Loan Agencies - 1894 - 308 pages
...corporation shall be the purchaser or holder of any of the shares of its own capital stock, unless such purchase shall be necessary to prevent loss upon a...debt previously contracted in good faith ; and stock xxiv APPENDIX. so purcbased shall, within six months from the time of its purchase, be sold or disposed... | |
 | Michigan. Banking Division - 1894 - 344 pages
...holder or Bank not to nom purchaser of any portion of iis capital stock uuless such JJ?"s1 stocls• purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock eo purchased shall in no case be held by the bank for a longer time than six monthe, if the stock... | |
 | 1894 - 1206 pages
...the purchaser or holder of any of its shares of capital stock, unless such security or purchase shnll be necessary to prevent loss upon a debt previously contracted in good faith. Gen. Laws 1881, c. 77, i 3. The bank itself could not have purchased the stock shares, nor could It... | |
 | Massachusetts - 1895 - 1136 pages
...of the shares of its own capital stock, nor be the purchaser or holder of any such aliares, uiile.sa such security or purchase shall be necessary to prevent...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... | |
 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1895 - 1512 pages
...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...and stock so purchased or acquired shall within six (6) months from the time of its purchase be sold or disposed of at public or private sale; or in default... | |
 | Nebraska. State Banking Board - 1898 - 84 pages
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent the loss upon a debt previously contracted in good faith;...and stock so purchased or acquired shall within six (6) months from the time of its purchase be sold or disposed of at pnblic or private salejor in default... | |
 | Michigan. Banking Division - 1895 - 352 pages
...holder or Bank not to how purchaser of any portion of its capital, stock unless such ^cpltal 8teck' purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock eo purchased shall in no case be held by the bank for a longer time than six months, if the stock... | |
 | William John Tossell - 1906 - 870 pages
...capital stock, or of the capital stock of any other incorporated company, unless such purchase should be necessary to prevent loss upon a debt previously contracted in good faith, on security which, at the time, was deemed Marriott v. Railway. adequate to insure the payment of such... | |
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That 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... 
