 | Michigan. Banking Division - 1909 - 612 pages
...paper actually owned hy the lierson negotiating Ihe same shall not he considered as money horrowed: Provided, however, That the foregoing limitations...real estate or other collateral securities authorized hy this act: Provided, however. That hy a two-thirds vote of the directors the liahilities of any hank... | |
 | Michigan. Attorney General's Office, Michigan. Department of Attorney General - 1910 - 330 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...considered as money borrowed: * * * Provided, however, That by a two-thirds vote of directors, the liabilities to any bank of any person or company or corporation... | |
 | Maine - 1910 - 1178 pages
...exceptions. 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. Provided, how- ~^I"ctio" °' ever, that any such company now having loans out- "i"i•• standing in excess... | |
 | Willis Seaver Paine - 1910 - 874 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." May 1, 1886, a law was passed which provided that any national bank may, with the approval of the Comptroller... | |
 | Humphrey Robinson - 1910 - 120 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." Also no National Bank can lend on its own stock as security. The Comptroller of the Currency can have... | |
 | Francis Buchanan Tiffany - 1912 - 732 pages
...national banks for money borrowed, and providing that "the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed." "The purchase of negotiable paper by a bank is as clearly within its legitimate powers, as is the collection... | |
 | Idaho - 1913 - 734 pages
...actual existing values, and the discount of commercial or business paper actually owned by the persons negotiating the same, shall not be considered as money...the foregoing limitations shall not apply to loans made on warehouse receipts and bills of lading. SEC. 7. That Sections 25 and 26 of Chapter 124 of the... | |
 | Wisconsin. Attorney General's Office - 1918 - 922 pages
...in good faith against actually existing values, and the discounting of commereial or business paper actually owned by the person negotiating the same,...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, copartnership or corporation... | |
 | Michigan. Banking Division - 1913 - 716 pages
...association actually paii in; hut 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 ind also in (he National Ranking Law. has never... | |
 | South Dakota. Supreme Court - 1913 - 718 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." Appellant recognized this proviso and negatived the same after describing the offense. Thus it will... | |
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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. 
