 | John Maxcy Zane - 1900 - 864 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. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security... | |
 | Massachusetts - 1901 - 944 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 2. This act shall take effect upon its passage. Approved April 5, 1901. CViOp.256 AN ACT MAKING... | |
 | West Virginia - 1901 - 914 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 corporations mentioned in this section shall not be construed to mean municipal corporations, districts... | |
 | Illinois. Appellate Court, Martin L. Newell, Mason Harder Newell, Walter Clyde Jones, Keene Harwood Addington, James Christopher Cahill, Basil Jones, James Max Henderson, Ray Smith - 1901 - 728 pages
...existing values, and the discount of VOL. 93.] Murry Nelson & Co. v. Leiter. commercial or business paper actually owned by the person negotiating the same, shall not be considered as borrowed monev." Starr & Curtis' Stat., Chap. I6u, entitled " Banks," Sec. 13. It appears from Mr.... | |
 | Philippines - 1981 - 138 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 for the purpose of this Section: Provided, finally, That certain types of contingent liabilities of... | |
 | Abraham Clark Freeman - 1902 - 1026 pages
...drawn in pood 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... | |
 | Michigan. Department of Attorney General - 1903 - 172 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... | |
 | Albert Sidney Bolles - 1903 - 348 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." A bank therefore is clearly prohibited from lending to a man on his accommodation notes, or the accommodation... | |
 | Abraham Clark Freeman - 1903 - 1060 pages
...in, but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered borrowed money." Section 6, the substance of which was set forth in the defendant's answer, contains... | |
 | James Smith McMaster - 1903 - 1004 pages
...in, but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered borrowed money." Section 6, the substance of which was set forth in the defendant's answer, contains... | |
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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. 
