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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... "
United States Reports: Cases Adjudged in the Supreme Court - 164. lappuse
autors: United States. Supreme Court - 1940
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Reports of Cases Argued and Determined in the Supreme Court of ..., 56. sējums

Oklahoma. Supreme Court, Edward Bell Green, Frank Dale, John Henry Burford, Robert Lee Williams, Matthew John Kane, Howard J. Parker, Charles Winfield Van Eaton - 1916 - 884 lapas
...shall not invest any of its funds in the stock of any other bank or 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...
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World's Congress of Bankers and Financiers: Comprising Addresses Upon ...

World's congress of bankers and financiers, Chicago, 1893 - 1893 - 624 lapas
...the Comptroller of Finance may require. SEC. 23. That no association shall make loans or discounts on the security of the shares of its 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...
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Congressional Serial Set

1893 - 1256 lapas
...shall not exceed onetenth part of the capital paid in; that no association shall make any original loan or discount on the security of the shares of its own capital stock; that no check be certified in excess of the drawer's deposit; that reports of condition be made and...
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Annual Report of the Commissioner of Banks, 2. daļa

Massachusetts. Division of Banks and Loan Agencies - 1894 - 308 lapas
...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...
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The Northwestern Reporter, 59. sējums

1894 - 1206 lapas
...incorporated, and doing that which is prohibited by law. A bank'ng association Is forbidden In this state to make any loan or discount on the security of the shares of Its own capital stock, or to be the purchaser or holder of any of its shares of capital stock, unless such security or purchase...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1894 - 344 lapas
...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...
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Reports of Cases Adjudged in the Court of Appeals of the ..., 18. sējums

District of Columbia. Court of Appeals - 1902 - 670 lapas
...the bank upon the note upon the ground that section 5201. RSUS prohibits national banks from making any loan or discount on the security of the shares of its own capital stock, and from becoming the purchaser or holder of any such shares, unless such security or purchase shall...
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Public Documents of Massachusetts, 6. sējums

Massachusetts - 1895 - 1136 lapas
...of real and personal property upon such terms as may be agreed upon. SECT. 1(3. Xo such corporation shall make any loan or discount on the security of...stock, nor be the purchaser or holder of any such aliares, uiile.sa such security or purchase shall be necessary to prevent loss upon a debt previously...
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 lapas
...corporation conducting a banking business shall make any loan or discount on the security of the shares.of its own capital stock, nor be the purchaser or holder...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...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 lapas
...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...
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