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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... "
Ohio Circuit Court Reports: New Series - Página 296
de Ohio. Circuit Court - 1914
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863 - 1180 páginas
...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 in good faith; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold...
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American Slavery and Finances, Volumes 1-9

Robert John Walker - 1864 - 414 páginas
...association shall be capital stock the purchaser or holder of any portion of its capital stock, or forbidden. of the capital stock of any other incorporated company,...loss upon a debt previously contracted in good faith, or security which, at the time, was deemed adequate to insure the payment of such debt, independent...
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The Merchants' Magazine and Commercial Review, Volume 51

1864 - 496 páginas
...stock, nor be the 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 ; and stock so purchased or acquired shall, within six months from the time of its purchase, he sold...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - 1866 - 894 páginas
...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 in good faith ; and stock so purchased or required to be sold or disposed of, at public or private sale, within six...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 18

United States. Supreme Court - 1874 - 726 páginas
...stock, and prohibit also every bank from purchasing or holding any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Surely an implication is inadmissible which contradicts either the letter or the spirit of the act....
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 438 páginas
...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 loss upon a debt previously contracted in good faith; and stock so purchased or acquired, shall, within six months from the time of its purchase, be sold...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 páginas
...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 in good faith ; and stock so purchased or acquired shall, within six mouths from the time of its purchase, be sold...
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Appletons' Annual Cyclopaedia and Register of Important Events: Embracing ...

1872 - 886 páginas
...shareholders as of other persons : and no such banking association shall be the purchaser or holder of any portion of its capital stock, or of the capital...previously contracted in good faith, on security which, at thStime, was deemed adequate to insure the payment of such debt, independent of any lion upon such...
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Reports of Cases Argued and Determined in the Supreme Court of Ohio, Volume 85

Ohio. Supreme Court - 1912 - 644 páginas
...stock, and no banking company shall be the holder or purchaser of any portion of its capital stock unless such purchase shall be necessary to prevent...loss upon a debt previously contracted in good faith, etc., it does not say that if the bank did take this stock, it could not hold it as against the pledgor....
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 páginas
...stock, 14 nor be the purchaser or holder shares, except m of any such srmres, 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 months from the time of its purchase, be sold...
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