 | Michigan. Banking Division - 1914 - 744 pages
...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." This provision, as found in our General Banking Law and also in the National Banking Law, has never... | |
 | Clarence Walker Barron - 1914 - 232 pages
...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. Sec. 5201. ASSOCIATIONS MUST NOT LOAN ON OR PURCHASE THEIR OWN STOCK No association shall make any... | |
 | Curtis Hillyer - 1914 - 1628 pages
...drawn in good faith against actually existing values, and the discount of commercial or business paper co 139. Associations must not Loan on or Purchase Their Own Stock. (§5201.) No association shall make... | |
 | North Carolina. Corporation Commission - 1914 - 1170 pages
...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. This section shall not apply to hanks with a paid-up capital of one hundred thousand dollars or less.... | |
 | Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 pages
...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." A national bank is also forbidden to make loans or discounts on the security of its own capital stock... | |
 | William Mark McKinney, Burdett Alberto Rich - 1914 - 1424 pages
...drawn in good faith against actual 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. Similar statutes exist in gome of the states. Directors who participate in or consent to a loan in... | |
 | Board of Governors of the Federal Reserve System (U.S.) - 1915 - 514 pages
...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. Section 5201. § 9:1. 34:p. 10. Section 5202. State banks, etc., becoming member banks, to be subject... | |
 | Board of Governors of the Federal Reserve System (U.S.) - 1915 - 508 pages
...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. Section 5201. § 9:1. 34:p. 10. State banks, etc., becoming member banks, to be subject to the provisions... | |
 | Michigan. Banking Division - 1915 - 780 pages
...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." This provision, as found in our General Banking Law and also in the National Ranking Law, has never... | |
 | 1916 - 850 pages
...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. Section 24 of the Federal Reserve Act proi vides that: i Any national banking association not situated'... | |
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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. 
