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" All debts due to any association, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 142
by Michigan. Banking Division - 1891
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House Documents, Otherwise Publ. as Executive Documents: 13th ..., Volume 6

United States. Congress. House - 1877 - 1042 pages
...shall be declared, and that all debts due to an association, on which interest is due and unpaid tor a period of six months, unless the same are well secured...process of collection, shall be considered bad debts within the meaning of the law. This provision is construed to include stocks and bonds upon which interest...
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Laws of the United States Relating to Loans and the Currency, Since 1860

United States - 1878 - 308 pages
...amount greater than its ueM profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880 - 638 pages
...profits then on hand, deducting therefrom its losses and bad debts. All debts due to any associations, on which interest is past due and unpaid for a period...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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Supreme Court Reporter, Volume 2

United States. Supreme Court - 1883 - 1004 pages
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association on which interest...process of collection, shall be considered bad debts within the meaning of this section." We are, therefore, to inquire whether the conspiracy entered intoby...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 108

United States. Supreme Court - 1884 - 666 pages
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association on which interest...process of collection, shall be considered bad debts within the meaning of this section." We are, therefore, to inquire whether the conspiracy entered into...
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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
...profits then on hand, deducting therefrom its losses and bad debts. All debts due to any associations, on which interest is past due and unpaid for a period...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - 1888 - 712 pages
...losses and bad debts. All debts due to any associations, on which interest is past due and unpaid for n period of six months, unless the same are well secured,...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction 1162 of...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - 1889 - 824 pages
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association on which interest...process of collection, shall be considered bad debts within the meaning of this section." We are therefore to inquire whether the conspiracy entered into...
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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - 1889 - 120 pages
...debts. All debts due to any associations, on which interest is past i!l!'i «icbt» >ie* ' fiuоd. «lue and unpaid for a period of six months, unless the...process of collection, shall be considered bad debts within the meaning of this section. Eut nothing in this section shall prevent the reduction of the...
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General Laws of the State of Minnesota

Minnesota - 1889 - 822 pages
...determine the net profits, and in so doing shall charge against its net profits all losses and bad debts. All debts due to any association on which interest is past due and unpaid for a period of twelve (12) months, unless the same are well secured or in process of collection, shall be considered...
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