Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" 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
Full view - About this book

Reports of the Condition of the State, Private and Savings Banks

North Carolina. Corporation Commission - Banks and banking - 1906
...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....
Full view - About this book

International Library of Technology: A Series of ..., Volume 44, Part 2

Agriculture - 1906
...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...
Full view - About this book

A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - Banking law - 1906 - 800 pages
...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...
Full view - About this book

Annual Report of the American Bar Association: Including ..., Volume 29, Part 1

American Bar Association - Bar associations - 1906
...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...
Full view - About this book

Annual Report

Michigan. Banking Division - Banks and banking - 1906
...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...
Full view - About this book

Annual Report

Michigan. Banking Division - Banks and banking - 1906
...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...
Full view - About this book

The A B C of the Federal Reserve System

Edwin Walter Kemmerer - Federal Reserve banks - 1920 - 208 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. The Federal reserve bank, as a condition of the...
Full view - About this book

Supreme Court Reporter, Volume 40

United States. Supreme Court - Law reports, digests, etc - 1921
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association]. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." The pertinent portion of the other section reads as follows: "Sec. 5239. If the directors of any national...
Full view - About this book

The Financial Organization of Society

Harold Glenn Moulton - Finance - 1921 - 789 pages
...such liabilities shall in no event exceed thirty per centum 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. (National Bank Act, as amended June 22, 1906.) c) On security of own stock: No association shall make...
Full view - About this book

American Foreign Trade: As Promoted by the Webb-Pomerene and Edge Acts, with ...

William Frederick Notz, Richard Selden Harvey - Antitrust law - 1921 - 593 pages
...capital and surplus, except with the approval of the Federal Reserve Board: Provided, however, That the discount of bills of exchange drawn in good faith...the same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF