 | New York (State). Attorney General's Office - 1912 - 778 pages
...the capital stock of such bank '' but the discount of commercial or business paper actually owned ly the person negotiating the same, shall not be considered as money borrowed." This provision of the National Banking Act has been in force for many decades. The interpretation which... | |
 | Massachusetts. Attorney General's Office - 1907 - 736 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." I am of the opinion that, in view of the prohibition of the section quoted, a trust company may not... | |
 | North Carolina - 1897 - 848 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. 4. This act shall be in force from and after its ratification. Ratified the 6th day of March,... | |
 | United States. Congress. Senate. Committee on Rules and Administration - 1952 - 892 pages
...in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed within the meaning of this subsection. The limitation herein provided shall apply only to new loans... | |
 | United States. Congress. Senate. Select Committee to Study Censure Charges - 1954 - 1296 pages
...in good faith against actually existing values and the discounting of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed within the meaning of subsections (1) and (2) of this section. (5) No bank shall make or renew any... | |
 | Illinois. Supreme Court - 1901 - 714 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." The legislative intent in the enactment of this statute was to prescribe the duties of those officials... | |
 | United States. Supreme Court - 1920 - 996 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." The pertinent portion of the other section reads as follows : "Sec. 5239. If the directors of any national... | |
 | United States. Congress. House. Committee on Banking and Currency - 1959 - 344 pages
...against actually existing values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money borrowed by him : Provided, That loans secured by collateral security having an ascertained market value of... | |
 | United States Congress. House. Banking and Currency Committee - 1959 - 348 pages
...against actually existing values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money borrowed by him : Provided, That loans secured by collateral security having an ascertained market value of... | |
| |
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. 
