 | United States - 1905 - 1032 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...the same, shall not be considered as money borrowed. [RS~\ Act of June 3, 1864, ch. 106, 13 Stat. L 108. The object of this provision of the statute was... | |
 | Michigan. Banking Division - 1905 - 448 páginas
...exceed one-tenth part of the amount of the capital and surplus of such hank; hut the discount of hills of exchange drawn in good faith against actually existing values and the discount of commercial or husiness paper actually owned hy the person negotiating the same shall not he considered as money horrowed:... | |
 | 1906 - 534 páginas
...time exceed onetenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). —No association shall make any loan... | |
 | North Carolina. Corporation Commission - 1906 - 112 páginas
...one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed. This section shall not apply to banks with a paid-up capital of one hundred thousand dollars or less.... | |
 | 1906 - 538 páginas
...time exceed onetenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed. 111. Associations Must Not Hold Their Own Stock (Sec. 5201). -No association shall make any loan or... | |
 | Harvey White Magee - 1906 - 864 páginas
...time exceed onetenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...owned by the person negotiating the same, shall not be regarded as money borrowed." The purpose of this section is to prohibit any bank from loaning its funds... | |
 | American Bar Association - 1906 - 866 páginas
...capital stock ; but discount of bona jidc bills of exchange drawn against actual existing values and discount of commercial or business paper actually...the same shall not be considered as money borrowed. INTERNAL REVENUE. By an act of June 21, 1906, collectors of internal revenue are required to keep for... | |
 | Michigan. Banking Division - 1906 - 500 páginas
...and effect of the limitation itself. The exceptions to which I refer relate to the discount of hills of exchange drawn in good faith against actually existing values, and the discount of commercial or husiness paper actually owned hy the person negotiating the same, and which, in my opinion, should... | |
 | Michigan. Banking Division - 1906 - 474 páginas
...refer relate to the discount of bills of exchange drawn in good faith against actually existing yalues, and the discount of commercial or business paper actually owned by the person negotiating the same, and wbich in my opinion should be strictly construed and should be held to apply to no transaction... | |
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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. 
