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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... "
Public and Local Acts of the Legislature of the State of Michigan - Página 1622
por Michigan - 1857
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Acts of the State of Ohio

Ohio - 1851 - 196 páginas
...its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...stock so purchased shall in no case be held by the company so purchasing, for a longer period of time than six months, if the same can be sold for what...
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The Compiled Laws of the State of Michigan: Published by Authority, Parte2

Michigan, Thomas McIntyre Cooley - 1857 - 998 páginas
...¡tsonrn stock of any other incorporated company, unless such purchase or other Capital ,,,, ч ii • ^T shall be necessary to prevent loss upon a debt previously...insure the payment of such debt, independent of any Hen upon such stock; and stock so purchased shall in no case be held by the bank so purchasing, for...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1860 - 994 páginas
...capital, or of the capi•apiui stock of ta' stoc'c °f any other incorporated bank, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeitures of stock for the non-payment of installments due thereon, as provided in...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1861 - 956 páginas
...assecuntr chase shall be necessary to prevent loss upon a debt previously luii i ju. • i stock of banks, contracted in good faith on security which at the...payment of such debt independent of any lien upon which stock, or in case of forfeitures of stock for the non-payment-of instalments due thereon as provided...
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The Merchants' Magazine and Commercial Review, Volumen48

William B. Dana - 1863 - 508 páginas
...its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeiture of stock for the non-payment of instalments due thereon ; and stock so purchased...
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The Merchants' Magazine and Commercial Review, Volumen48

1863 - 512 páginas
...its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeiture of stock for the non-payment of instalments due thereon ; and stock so purchased...
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Acts Passed at the First Session of the 1st Congress - 3d Session of the ...

United States - 1863 - 324 páginas
...st™¿ Ôf'mbèf así sary to prevent loss upon a debt previously contracted in good »«cuiion, unless, faith, on security which, at the time, was deemed...such debt, independent of any lien upon such stock ; or in case of forfeiture of stock' for the non-payment of instalments due thereon, and stock so purchased...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volumen1

United States. Congress. House - 1863 - 1178 páginas
...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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THE AMERICAN ANNUAL CYCLOPAEDIA

1864 - 878 páginas
...its capital stock, or of the capital stock of any other incorporated company, unless such purchase shall be necessary to prevent loss upon a debt previously...such debt, independent of any lien upon such stock, or in case of forfeiture of such stock for the non-payment of instalments due thereon, and stock so...
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The American Annual Cyclopædia and Register of Important Events ...

1864 - 878 páginas
...shall be necessary to prevent loss upon & debt previously contracted in good faith, on security whicb, at the time, was deemed adequate to insure the payment of such debt, independent of any lieu upon such stock, or in case of forfeiture of such stock for the non-payment of instalments due...
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