...§7.6030 Purchase of own shares or loan secured by own shares. (a) Law— 12 USC 83. No association shall make any loan or discount on the security of the shares...to prevent loss upon a debt previously contracted in good. faith; and stock so purchased or acquired shall, within 6 months from the time of its purchase,...

...on his stock, the directors may sell the stock at public auction. Sees. 14, 15. No association shall make any loan or discount on the security of the shares of its own capital. Sec. 85. We have already referred to the list of the names and residences of the shareholders, and...

...the sale, violates the provision of US Rev. Stat. § 5201, that no national banking association shall make any loan or discount on the security of the shares of its own capital stock, or be the purchaser or holder of such shares. [See annotation on this question beginning on page 346.]...

...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 the shares...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,...

...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 the shares...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,...

...stockholders. No bank 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. Stock so purchased shall in no case be held by the bank for a longer time than six months,...

...Portland, 168, p. 616. Violates express provision contained in 12 USC 83 that no national bank may make any loan or discount on the security of the shares of its own capital stock, unless to prevent loss upon a debt previously contracted in good faith. The CHAIRMAN. First is the...

...Act. Purchase of Own Shares; Loan Secured by Own Shares 12 USC 83 (RS 5201).— No association shall make any loan or discount on the security of the shares...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,...

...grounds that it violates an : express prohibition contained in 12 USC 83 that a national bank may not make any loan or discount on the security of the shares of its own capital stock, unless such security shall be necessary to prevent loss upon a debt previously contracted in good faith....

...that it violates an ?xpress prohibition contained in 12 USC 83 that a national bank may not make »ny loan or discount on the security of the shares of its own capital stock, unless rach security shall be necessary to prevent loss upon a debt previously contracted n good faith....