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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. "
Public and Local Acts of the Legislature of the State of Michigan - Página 11
de Michigan - 1891
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Consolidation of National Banking Associations, Hearing Before a ...

United States. Congress. Senate. Banking Currency Committee - 1926 - 372 páginas
...total of such liabilities shall in no event exceed 30 per cent of the capital stock of the association. But the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed. Since that time section 5200 of the Revised Statutes has been entirely transformed by the introduction...
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Consolidation of National Banking Associations

United States. Congress. Senate. Committee on Banking and Currency - 1926 - 372 páginas
...total of such liabilities shall in no event exceed 30 per cent of the capital stock of the association. But the discount of bills of exchange drawn in good...values, and the discount of commercial or business paper actual!y owned by the person negotiating the same shall not be considered as money borrowed. Since...
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Annual Report of the Attorney General of the State of New York, Volume 2

New York (State). Attorney General's Office - 1912
...borrowed by any one firm from a National bank to 10 per cent, of the capital stock of such bank " but the discount of commercial or business paper actually...same, shall not be considered as money borrowed." This provision of the National Banking Act has been in force for many decades. The interpretation which...
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Official Opinions of the Attorneys-General of the Commonwealth of ..., Volume 2

Massachusetts. Attorney General's Office - 1907
...exceed one-fifth part of such amount of the capital stock of this corporation as is actually paid up. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." I am of the opinion that, in view of the prohibition of the section quoted, a trust company may not...
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Report of the Proceedings of the ... Annual Meeting of the ..., Volume 24

Missouri Bar Association - 1907
...capital stock ; but a discount of bona fide bills of exchange drawn against actual existing values and a discount of commercial or business paper actually...the same shall not be considered as money borrowed. NIAGARA FALLS. By Joint resolution the members of the International Commission were requested to report...
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Wisconsin Session Laws

Wisconsin - 1933
...of bills of exchange drawn m £ood faith against actually existing values, and the discounting °' commercial or business paper actually owned by the...the same, shall not be considered as money borrowed the meaning of this subsection. On and after January 15, 2, no bank shall make any new loan where the...
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The Laws of Wisconsin

Wisconsin - 1933
...of bills of exchange drawn n1 good faith against actually existing values, and the discounting (|t commercial or business paper actually owned by the...the same, shall not be considered as money borrowed the meaning of this subsection. On and after January 15, , no bank shall make any new loan where the...
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Report of the Corporation Commission

North Carolina. Corporation Commission - 1899
...one-tenth part of the amount of the capital stock of such bank or banking a-sociation actually paid in. But the discount of bills of exchange drawn in good...commercial or business paper actually owned by the |*-rson negotiating the same shall not be considered as money borrowed : Provitinl, this section shall...
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Munitions Industry: Hearings Before the Special Committee Investigating the ...

United States. Congress. Senate. Special Committee to Investigate the Munitions Industry - 1937
...percent of the capital stock of the bank — the aforesaid limitation, however, not to apply to discounts of bills of exchange drawn in good faith against actually...actually owned by the person negotiating the same. In reply you are informed that this office has been advised by counsel that governments are not "corporations"...
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Public Laws and Resolutions of the State of North Carolina Passed by the ...

North Carolina - 1897
...part of the amount of the capital stock of such bank or banking association actually paid in. But the the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed. SEC. 4. This act shall be in force from and after its ratification. Ratified the 6th day of March,...
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