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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... "
Comptroller's Manual for National Banks: Laws, Regulations, Rulings - Página 22
por United States. Office of the Comptroller of the Currency - 1966
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Public Documents of Massachusetts, Tema 7,Parte1 -Tema 8,Parte1

Massachusetts - 1893 - 1064 páginas
...of real and personal property upon such terms as may be agreed upon. SECT. 1(>. No such corporation shall make any loan or discount on the security of...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...
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Public Documents of Massachusetts, Volumen6,Parte1

Massachusetts - 1894 - 760 páginas
...of real and personal property upon such terms as may be agreed upon. SECT. 16. No such corporation shall make any loan or discount on the security of...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...
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Public Documents of Massachusetts, Volumen6,Parte2

Massachusetts - 1894 - 304 páginas
...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 purchased shall, within six months from the time of its purchase, be sold or disposed...
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The Merchants' Magazine and Commercial Review, Volumen51

1864 - 496 páginas
...due them; available for the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on...such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith ; and stock so purchased...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 páginas
...the amount due to them available for the redemption of this circulation. Sec. 35. No Association to make any loan or discount on the security of the shares...contracted in good faith ; and stock so purchased or required to be sold or disposed of, at public or private sale, within six months from the time of its...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volumen18

United States. Supreme Court - 1874 - 726 páginas
...thirty-sixth section abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on...security of the shares of its own capital stock, nor be tho purchaser nor holder of any such shares, unless such security or purchase shall be necessary to...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 páginas
...all notes or bills issued by any association existing under and by virtue of this act. SEO. 35. That no association shall make any loan or discount on...of the shares of its own capital stock, nor be the purehaser or holder of any such shares, unless such security or purchase shall be necessary to prevent...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 páginas
...due them available for the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on...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, in default...
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Cases Argued and Determined in the Circuit and District Courts of ..., Volumen2

United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1873 - 610 páginas
...inconsistent with its provisions. The 35th section declares that no association shall make any loans, or discount on the security of the shares of its own...the purchaser or holder of any such shares, unless to prevent loss on a debt previously contracted in good faith. The counsel for the plaintiff, in the...
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The American Reports: Containing All Decisions of General ..., Volumen13

Isaac Grant Thompson - 1875 - 840 páginas
...features of the act. The 35th section declares: "That no association shall make any loan or discounts on the security of the shares of its own capital stock,...security or purchase shall be necessary to prevent loss npOD any debt previously contracted in good faith, and stocks so purchased or acquired shall, within...
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