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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... "
The Revised Statutes, Codes and General Laws of the State of New York ... - Sivu 186
tekijä(t) New York (State) - 1896
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Albany Law Journal, Nide 28

1884 - 550 sivua
...court on writ of error. FIELD, J. Section 5,201 of the Revised Statutes declares that " no association shall make any loan or discount on the security of...be sold or disposed of at public or private sale, or in default thereof a receiver may be appointed to close up the business of the association." While...

A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 sivua
...available for the redemption of their circulation. SEC. 35. And be it further enacted, That no association shall make any loan or discount on the security of...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, in default...

Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 sivua
...the^owiT of its own capital stock, 14 nor be the purchaser or holder shares, except m of any such srmres, unless such security or purchase shall be necessary...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...

Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 208 sivua
...purchaser or holder shares, except in of any such shares, unless such security or purchase shall oertam be necessary to prevent loss upon a debt previously...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...

Cases Argued and Determined in the Circuit and District Courts of ..., Nide 2

United States. Circuit Court (7th Circuit), Josiah Hooker Bissell - 1873 - 610 sivua
...inconsistent with its provisions. The 35th section declares that no association shall make any loans, or discount on the security of the shares of its own...the purchaser or holder of any such shares, unless to prevent loss on a debt previously contracted in good faith. The counsel for the plaintiff, in the...

The National Bankruptcy Register Reports: Containing All the ..., Nide 1

1874 - 742 sivua
...section is as follows : " SEC. 35. And be it further enacted, That no association shall make any lien, or discount, on the security of the shares of its...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...

The American Reports: Containing All Decisions of General Interest ..., Nide 13

Isaac Grant Thompson - 1875 - 840 sivua
...features of the act. The 35th section declares: "That no association shall make any loan or discounts on the security of the shares of its own capital stock,...security or purchase shall be necessary to prevent loss npOD any debt previously contracted in good faith, and stocks so purchased or acquired shall, within...

Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 sivua
...person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...

The Century of Independence: Embracing a Collection, from Official Sources ...

John Russell Hussey - 1876 - 562 sivua
...issued by any association existing under and by virtue of this act. BISTORT OF THE NATIONAL BANKS. the security of the shares of its own capital stock,...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, in default...

Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 sivua
...person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of...be sold or disposed of at public or private sale; or, in default thereof, a receiver may be appointed to close up the business of the association, according...




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