 | Michigan. State Banking Department - 1914 - 748 páginas
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in; but the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." This provision, as found in our General Banking Law and also in the National Banking Law, has never... | |
 | Michigan. State Banking Dept - 1910 - 648 páginas
...to destroy the force and effect of the limitation itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, and which, in my opinion, should be strictly construed and should be held to apply to no transaction... | |
 | Ross M. Robertson - 1968 - 286 páginas
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. Sec.... | |
 | 1973 - 416 páginas
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 | 1973 - 344 páginas
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 | United States - 1978 - 558 páginas
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 | United States - 1978 - 670 páginas
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But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 
