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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 Revised Statutes, Codes and General Laws of the State of New York ... - Page 186
by New York (State) - 1896
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1899 - 1192 pages
...to receive transfers of real and personal property upon such terms as may be agreed upon. SECT. 16. No such corporation shall make any loan or discount...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...
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Public Documents of Massachusetts, Issue 7, Part 1 - Issue 8, Part 1

Massachusetts - Massachusetts - 1893 - 1064 pages
...to receive transfers of real and personal property upon such terms as may be agreed upon. SECT. 1(>. No such corporation shall make any loan or discount...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, Volume 6, Part 1

Massachusetts - Massachusetts - 1894 - 760 pages
...to receive transfers of real and personal property upon such terms as may be agreed upon. SECT. 16. No such corporation shall make any loan or discount...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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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863 - 1180 pages
...for the redemption of their circulation. "ЙЕС. 35. And be it further enac/i'd, That no association shall make any loan or discount on the security of...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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The Merchants' Magazine and Commercial Review, Volume 51

Commerce - 1864 - 496 pages
...available for the redemption of their circulation. Sec. 86. And he it further enacted, That no association shall make any loan or discount on the security of...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 - Banks and banking - 1866 - 894 pages
...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, Volume 18

United States. Supreme Court - Law reports, digests, etc - 1874 - 726 pages
...abovequoted. On the contrary, the new act by its thirty-fifth section enacted, " That no association shall make any loan or discount on the 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 - United States - 1868 - 426 pages
...bills issued by any association existing under and by virtue of. this act. SEC. 35. That no association shall make any loan or discount on • . • the security...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 438 pages
...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 the security 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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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - Law - 1869 - 680 pages
...be necessary to prevent loss upon a debt previously con- stock n°'<0 ta tracted in good faith ;(c) and stock so purchased or acquired shall, within six...be sold or disposed of at public or private sale, in default of which a receiver may be appointed to close up the business of the association, according...
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