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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 11
by Michigan - 1891
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Pratts' Digest, Comprising the Laws Relating to National Banks, with ...

A.S. Pratt & Sons - Banking law - 1893 - 283 pages
...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. The general purpose of this section is obvious. It is to prohibit any bank from hazarding a large amount...
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Public Documents of Massachusetts, Volume 6

Massachusetts - 1894
...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...discount of commercial or business paper actually owned hy the person negotiating the same, shall not be considered as money borrowed. SECT. 18. Such corporation...
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Session Laws of the State of Wyoming Passed by the State Legislature

Wyoming - Session laws - 1897
...forty thousand dollars, shall at no time exceed one-tenth part of the capital stock actually paid in. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." SEC. 2. This act shall take effect and be in force from and after its passage. Approved February 9,...
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Session Laws and Resolutions

North Carolina - Law - 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 Gth day of March,...
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The Revised Statutes of the State of Utah in Force Jan. 1, 1898

Utah - Law - 1897 - 1224 pages
...per cent of the amount of the capital stock of such bank actually paid in; but the discount of hills of exchange drawn in good faith against actually existing...owned by the person negotiating the same, shall not be construed as borrowed money. RSV 3. (1878) % 5200; Mont. Civ. С. \ 583. 381. Minors as depositors....
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Annual Report of the North Carolina Corporation Commission for the Year ...

North Carolina. Corporation Commission - Corporations - 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...owned by the person negotiating the same shall not lie considered as money borrowed: Provided, this section shall not apply to banks with a paid up capital...
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volume 10

Law reports, digests, etc - 1881
...capital stock of said association; provided, that the discount of bonafide 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 requesting the same shall not be considered as money borrowed.' Contrary...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - Banking law - 1900 - 852 pages
...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. SEC. 5201. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security...
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Combined Kansas Reports

Kansas - Kansas - 1900
...values or loans upon produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - Banking law - 1900 - 852 pages
...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...values, and the discount of commercial or business ]|>er actually owned by the person negotiating the same, shall not be considered as money borrowed....
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