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" All debts due to any association, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 142
by Michigan. Banking Division - 1891
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - 1860 - 994 pages
...Losses, relattra bad and suspended debts; and all debts due to a bank on which to> interest is paid, due and unpaid for a period of six months, unless the same shall be well secured or shall be in process of collection, shall be considered bad and suspended debts...
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Acts Passed at the First Session of the 1st Congress - 3d Session of the ...

United States - 1863 - 324 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts ; and all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and ehall be in process of collection, shall be considered bad debts within...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - 1863 - 1180 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest...and unpaid for a period of six months, unless the samp shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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The Merchants' Magazine and Commercial Review, Volume 48

1863 - 512 pages
...amount greater than its net profits then on hand, deducting therefrom it> losses and bad debts. And all debts due to any association, on which interest is past due and unpaid for a period ot six months, unless the same shall be well secured, and shall be in process of collection, shall...
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The Merchants' Magazine and Commercial Review, Volume 48

William B. Dana - 1863 - 508 pages
...than its net profits then on baud, deducting therefrom its losses and bad debts. And all debts dim to any association, on which interest is past due and unpaid for a period ot six months, unless the same Mini! be well secured, and shall be in process of collection, shall...
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The American Annual Cyclopædia and Register of Important Events ...

1864 - 878 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts ; and all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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The Merchants' Magazine and Commercial Review, Volume 51

1864 - 496 pages
...amount greater than its nett profits then on hand, deducting therefrom its losses and had debts. And all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall he well secured, and shall he in process of collection, shall he cousidered had debts within...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - 1868 - 426 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debt, within...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - 1869 - 680 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And ederick Charles shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - 1870 - 600 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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