 | Isaac Grant Thompson - 1878 - 1018 páginas
...payment, or any installment on his stock, the directors may sell the stock at public auction. (g§ 14,15.) No association shall make any loan or discount on the security of the shares of its own capital. (§ 35 .) UNITED STATES Van Allen v. The Assessors. We have already referred to the list of the names... | |
 | United States. Circuit Court (1st Circuit), William Henry Clifford - 1878 - 766 páginas
...Ibid. 118. Banking associations, formed under the act of Congress, are forbidden by § 35 of the act 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 such shares, unless such security or purchase shall be necessary... | |
 | 1878 - 560 páginas
...their stock therein at the par value in addition to the amount invested iu such shares. * * * 9 5201. No association shall make any loan or discount on the security of the shares of ita own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase... | |
 | Irving Browne - 1880 - 638 páginas
...Merchant^ Bank v. Marine Bank, 3 Gill, 97. Section 36 of the act of Congress of June 3, 1864, provides that no association shall make any loan or discount on...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,... | |
 | United States. Supreme Court - 1883 - 1004 páginas
...one-tenth part of the capital stock of the association actually paid in." Section 5201 provides that no association shall make any loan or discount on...the security of the shares of its own capital stock, unless such security shall be necessary to prevent loss on a previously-contracted debt. If the counts... | |
 | United States. Supreme Court - 1883 - 890 páginas
...one-tenth part of the capital stock of the association actually paid in." Sect. 5201 provides that no association shall make any loan or discount on...the security of the shares of its own capital stock, unless such security shall be necessary to prevent loss on a previously contracted debt! If the counts... | |
 | 1901 - 1164 páginas
...any of its funds in the stock of any other bank or corporation, nor make any loans or discounts mi the security of the shares of Its own capital stock,...holder of any such shares unless such security or purchas.shall he necessary to prevent loss upon a debt previously contracted In good faith; and stork... | |
 | 1918 - 1212 páginas
...penalty is not provided, he shall be deemed guilty of a misdemeanor. National Banking Act declares that no association shall make any loan or discount on...the security of the shares of its own capital stock, or be the purchaser or holder of any such shares, unless such security or purohnse shall be necessary... | |
 | Virginia. Supreme Court of Appeals - 1885 - 770 páginas
...1864 (section 5,201 US Rev. Stat.), under which act the said bank was organ ized, provides : " That no association shall make any loan or discount on...stock, nor be the purchaser or holder of any such stock, unless such security or purchase shall he necessary to prevent loss on a debt previously contracted... | |
 | 1912 - 1268 páginas
...5 of section 25 of the banking law, so far as material, provided as follows : "No such corporation shall make any loan or discount on the security of...or purchase shall be necessary to prevent loss upon debt previously contracted in good faith ;, and stock purchased or acquired shall, within six months... | |
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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... 
