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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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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 páginas
...security of, as well as from purchasing, their own stock.02 The National Bank Act provides that no bank shall make any loan or discount on the security of the shares of its own capital stock, nor be purchaser or holder of any such shares, unless necessary to prevent loss upon a debt previously contracted...
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The Pacific Reporter, Volume 132

1913 - 1234 páginas
...not«. 61 LRA 621. As to a banking corporation, the statutory provision is that "no bank shall * * * be the purchaser or holder of any such shares unless...purchase shall be necessary to prevent loss upon a délit previously contracted in good faith; and stock so purchased or acquired shall, within six months...
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The Pacific Reporter, Volume 132

1913 - 1348 páginas
...Indei« n LRA 621. As to a banking corporation, the statutory provision Is that "no bank shall * * * be the purchaser or holder of any such shares unless...security or purchase shall be necessary to prevent loss apon a debt previously contracted in good Calth; and stock so purchased or acquired diall, within six...
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Banking Law of New York: Chapter 2 of Consolidated Laws, Chapter 369, Laws ...

George Wilson Morgan, Amasa Junius Parker - 1914 - 562 páginas
...purchased. 6. Shall not 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...good faith, and stock so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its...
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Statutes of the State of Nevada Passed at the ... Session of the Legislature

Nevada - 1915 - 728 páginas
...stock of any bank or trust company or corporation, nor make any loans or discounts upon the security or the shares of its own capital stock, nor be the purchaser...faith, and stock so purchased or acquired shall, within twelve months from the time of its purchase, be sold or disposed of at public or private sale; after...
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Banking Law of New York: Chapter 2 of Consolidated Laws, Chapter 369, Laws ...

George Wilson Morgan, Amasa Junius Parker - 1915 - 572 páginas
...purchased. 6. Shall not 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...good faith, and stock so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its...
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Reports of Cases Decided in the Supreme Court of the State of ..., Volume 34

South Dakota. Supreme Court - 1915 - 758 páginas
...loans or discounts on the security of the shares of its own capital stock, nor be the purchaser nor holder of any such shares unless such security or...upon a debt 'previously contracted in good faith." This statute means just what it says. The bank could not become the purchaser or holder of its own...
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United States Circuit Courts of Appeals Reports: With Key-number Annotations ...

1915 - 732 páginas
...Nat. Bank v. Shewalter, 134 SW 42, (NY) Rev. St. US § 5201 (Comp. St. 1913, § 9762), provides that no association shall make any loan or discount on...of the shares of its own capital stock, nor be the holder or purchaser of any such shares, etc. Held, that where a contract in violation of this provision...
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The Laws of the State of New-Hampshire

New Hampshire - 1915 - 476 páginas
...shall make a loan or discount, on chase ot own stock , •*_*«.!. e •*. •*. ii ^ ^ regulated. the security of the shares of its own capital stock, nor be the purchaser or holder of such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously...
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McKinney's Consolidated Laws of New York Annotated: With ..., Livro 4

New York (State) - 1916 - 526 páginas
...purchased. 6. Shall not 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...good faith, and stock so purchased or acquired shall be sold at public or private sale, or otherwise disposed of, within six months from the time of its...
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