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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. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiii
by Michigan. Banking Division - 1910
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Session Laws

South Dakota - 1891 - 392 pages
...produce in transit or in store as collateral security and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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Consolidated Statutes of Nebraska, 1891: Being a Compilation of All the Laws ...

Nebraska, Joseph Elliott Cobbey - 1891 - 1382 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 302. No bank, corporation, firm, or individual engaged in the banking, broker, exchange, or deposit...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1891 - 1022 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 limitation is found to be wholesome in its general application, but recent event« indicate that...
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The Compiled Statutes of the State of Nebraska, 1881

Nebraska - 1891 - 1278 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. ("Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same...Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate or other collateral securities authorized by this...
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - 1892 - 308 pages
...of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its directors, officers, agents...
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A Practical Treatise on the Business of Banking and Commercial Credits

John B. Duryea - 1892 - 448 pages
...bills of exchange, drawn in good faith against existing values, and the discount of business paper owned by the person negotiating the same, shall not be considered as a loan of money. § 59. Other Loans Prohibited. Banking associations cannot make any loans nor discount...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 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. Examples Illustrating Excessive Loans and Such as are Not Excessive. There is probably no section of...
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The Compiled Statutes of the State of Nebraska: 1881 (6th Ed.), with ...

Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1893 - 1370 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. [Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,...
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as money borrowed.* SEC. 28. Any officer, director, or employe of any corporation, transacting a banking business in this...
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