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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... "
Laws Passed by the ... Legislature of the State of Texas - Sida 427
efter Texas - 1909
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Public Documents of Massachusetts, Volym 6

Massachusetts - 1899 - 1192 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith;...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

Massachusetts - 1893 - 1064 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith;...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, Volym 6, Del 2

Massachusetts - 1894 - 304 sidor
...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 of at public or private sale. SECT. 11. The shareholders of every such corporation shall be held individually liable in the same...
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Public Documents of Massachusetts, Volym 6, Del 1

Massachusetts - 1894 - 760 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...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 ..., Volym 1

United States. Congress. House - 1863 - 1180 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith;...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, Volym 51

1864 - 496 sidor
...purchaser or holder of any such shares, unless such security or purchase shall he necessary to prevent loss upon a debt previously contracted in good faith...shall, within six months from the time of its purchase, he sold or disposed of at public or private sale, in default of which a receiver may he appointed to...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously 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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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 sidor
...purehaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith;...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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An Analytical Digest of the Laws of the United States, Volym 2

Frederick Charles Brightly - 1869 - 680 sidor
...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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Albany Law Journal, Volym 28

1884 - 550 sidor
...purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith,...of at public or private sale, or in default thereof a receiver may be appointed to close up the business of the association." While this section in terms...
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