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" Sculy, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending too much of their capital to one person or firm. The intention being to protect the association and its stockholders and... "
Annual Report - Página xiv
de Michigan. Banking Division - 1904
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Albany Law Journal, Volume 11

1875
...interests and those of stockholders and creditors, not a rule to regulate its customers. It was * * * a regulation to prevent these associations from splitting...being to protect the association and its stockholders aud creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery...
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The American Reports: Containing All Decisions of General ..., Volume 13

Isaac Grant Thompson - 1875
...or create loans. Another obvious purpose of confining their loans of money to personal security, is to prevent these associations from splitting on the...too much of their capital to one person or firm. The 29th section provides: "That the total liabilities to any association, of any person, or of any company,...
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National Bank Cases: Containing All Decisions of Both the Federal and State ...

Isaac Grant Thompson - 1878 - 989 páginas
...loan, we do not say. We are discussing the power conferred to make or create loans. Fowler v. Scully. the rock which has ruined so many banks, to wit: That...too much of their capital to one person or firm. The 29th section provides: " That the total liabilities to any association, of any person, or of any company,...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880
...: '' Evidently the limitation of the indebtedness to the one-tenth in the 29th section (5200, RS), was intended as a general rule for conducting the...banking, we cannot suppose it was meant to injure them by forbidden recovery of the injudicious loans. We should not interpret the section so as to carry its...
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The Doctrine of Ultra Vires: Illustrated and Explained by Selected Cases ...

George Washington Field - 1881 - 600 páginas
...control. * * * " Another obvious purpose of confining their loans of money to personal security is to prevent these associations from splitting on the...too much of their capital to one person or firm. The 29th section provides: 'That the total liabilities to any association of any person, or of any company,...
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Annual Report

Michigan. Banking Division - 1906
...remarked in Fowler v. Scully, a regulation to prevent these associations from splitting on the rock wbich has ruined so many banks, to wit, that of lending...to protect the association and its stockholders and ereditors from unwise bankmg, we cannot suppose it was meant to injure them by forbidding recovery...
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Annual Report

Michigan. Banking Division - 1915
...stockholders and creditors, not a rule to regulate Its customers. It was, as remarked in Fowler v. Sculy, a regulation to prevent these associations from splitting...person or firm. The intention being to protect the aseociation and its stockholders and creditors from unwise banking, we cannot suppose it was meant...
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Annual Report

Michigan. Banking Division - 1919
...stockholders and creditors, not a rule to regulate its customers. It was as remarked in Fowler v. Sculy, a regulation to prevent these associations from splitting...its stockholders and creditors from unwise banking, wo cannot suppose it was meant to injure them by forbidding recovery of the injudicious loans." In...
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Annual Report

Michigan. Banking Division - 1920
...associations from splitting on the rock which has ruined so many banks, to wit. that of lentlinfj too mufh of their capital to one person or firm. The Intention...being to protect the association and its stockholders am* creditors from unwise banking, we cannot suppose it was meant to Injure them by forbidding recovery...
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