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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 - Page 13
by Michigan - 1891
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Report of the Attorney General

Massachusetts. Attorney General's Office - Attorneys general's opinions - 1901
...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 Attorney General

Massachusetts. Attorney General's Office - Attorneys general's opinions - 1919
...time exceed one fifth of such amount of the capital stock of the corporation as is actually paid up; but the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. .The total liabilities to any one such corporation of...
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1899
...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...person negotiating the same, shall not be considered аз money borrowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - Law - 1869
...such association actually paid in : Provided, That the discount of bond, 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. 30....
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Public Documents of Massachusetts, Issue 7, Part 1 - Issue 8, Part 1

Massachusetts - Massachusetts - 1893
...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...the same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate suitable for the transaction of its business to an...
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Public Documents of Massachusetts, Volume 6

Massachusetts - Massachusetts - 1902
...time exceed one-fifth of such amount of the capital stock of the corporation as is actually paid up ; but the discount of bills of exchange drawn in good...business paper actually owned by the person negotiating it, shall not be considered as money borrowed. SECTION 35. Such corporation may hold real estate May...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863
...such association actually paid in: Provided, That the discount ofbona 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. "...
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The Merchants' Magazine and Commercial Review, Volume 51

Commerce - 1864
...such association actually paid in : Prodded, 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 he considered as money borrowed....
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The Statutes at Large, Treaties, and Proclamations of the United ..., Volume 13

United States - Law - 1866
...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....
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 382 pages
...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....
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