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" to destroy the force and effect of the limitation Itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper, actually owned... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxvii
by Michigan. Banking Division - 1926
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - 1899 - 1054 pages
...in; provided, that the discount of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed." As the...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 864 pages
...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 faith...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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Acts of the Legislature of West Virginia

West Virginia - 1901 - 914 pages
...time exceed fifty per centum of the capital stock, plus the surplus fund and undivided, profits. But the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, shall not be considered as money borrowed. The corporations mentioned in this section shall not be...
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Laws of the State of Utah

Utah - 1901 - 246 pages
...as the surplus fund of such bank; but the discount of bills of exchange drawn in good faith against existing values, and the discount o'f commercial or...actually owned by the person negotiating the same, shall not be construed as borrowed money. Sec. 2. This act shall take effect upon approval. Approved...
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Official Gazette, Volume 82, Issues 30-32

Philippines - 1986 - 492 pages
...additional charges or advances made by the NBQB to protect its interests such as taxes, insurance, etc.; c. The discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, including but not limited to the acquisition of export bills from any of its directors, officers, stockholders...
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Official Gazette, Volume 77, Issue 19

Philippines - 1981 - 138 pages
...separate entities operate merely as departments or divisions of a single entity: Provided, further, That the discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, shall not be considered as money borrowed for the purpose of this Section: Provided, finally, That...
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The American State Reports: Containing the Cases of General Value ..., Volume 83

Abraham Clark Freeman - 1902 - 1026 pages
...at no time exceed onetenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good faith,...actually owned by the person negotiating the same, shall not be considered as money borrowed." The legislative intent in the enactment of this statute...
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Official Gazette, Volume 76, Issues 31-34

Philippines - 1980 - 838 pages
...additional charges or advances made by the bank to protect its interest such as taxes, insurance; etc. (c) The discount of bills of exchange drawn in good faith...actually owned by the person negotiating the same, including but not limited to the acquisition by a domestic bank of export bills from any of its directors,...
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Money, Banking, and Finance

Albert Sidney Bolles - 1903 - 374 pages
...law forbids any bank from lending more than one tenth of its capital to a person on his note, " but the discount of bills of exchange drawn in good faith...actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed."...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 464 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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