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" The total liabilities to any association, of any person, or of any company, corporation, or firm, for money borrowed, including, in the liabilities of a company or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xviii
by Michigan. Banking Division - 1905
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volume 15

1885 - 624 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of capital stock of said association, provided that the discount of bonajide bills of exchange drawn against...
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A Treatise on the Law of Private Corporations, Volume 2

Victor Morawetz - 1886 - 642 pages
...provides that the total liabiliities of a bank formed under the act "shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in." It has been decided by the Supreme Court of the United States, that a loan made in violation of this...
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Pratt's Digest of the National Bank Act and Other Laws Relating to National ...

A.S. Pratt & Sons - 1886 - 252 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of...capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the...
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The Southern Reporter, Volume 16

1895 - 1154 pages
...company or firm, the liabilities of the several members, thereof, shall at no time exceed one-tenth of the amount of the capital stock of such association actually paid in." It was held that, though the plaintiff had violated its charter in making the loan, a recovery could...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1887
...the company or firm the liabilities of the Ilmltedseveral members thereof, except special partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank ; but the discount of bills of exchange drawn in good faith against actually...
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The Revised Statutes of the State of Illinois: Embracing All Laws of a ...

Illinois - 1887 - 2194 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in gix>d...
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Laws

Illinois - 1887 - 360 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of capital of such association actually paid in. But the discount of bills of exchange drawn in good faith,...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - 1888 - 712 pages
...company or firm, the liabilities of the several members thereof, shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in.3 But the discount of bills of exchange drawn in good faith against actually existing values, and...
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Journal of the Senate of the General Assembly, Volume 35

Illinois. General Assembly. Senate - 1888 - 1248 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of capital stock of such association actually paid in. But the discount of bills of exchange drawn, in...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - 1889 - 90 pages
...a company or firm the liabilities of the several members thereof, shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in: Provided, that the discount of bond fide bills of exchange drawn against actually existing values,...
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