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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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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 174

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1899 - 868 pages
...the capital of the corporation was a trust fund for the payment of creditors entitled to a portion of six months, unless the same are well secured, and...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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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 174

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1899 - 868 pages
...the capital of the corporation was a trust fund for the payment of creditors entitled to a portion of six months, unless the same are well secured, and...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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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...of so much of the profits of the bank as they shall judge expedient; all debts past due to any bank, on which interest is past due and unpaid for a period of twelve months, unless the same are well secured, or in process of collection, shall be considered bad...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 pages
...deducting therefrom its losses and bad debts. All debts due to any association, on which interest '3 past due and unpaid for a period of six months, unless...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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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - 1900 - 748 pages
...therefrom its losses, bad and suspended debts, and all debts due to a banking company, on which iuterst is past due and 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 or suspended...
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Revised Penal Code and Code of Criminal Procedure, and Penal Laws: Passed by ...

Texas - 1901 - 1776 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest is past due for a period of six months, unless the same shall be well secured, shall be considered bad debts within...
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The Revised Statutes of the State of Indiana ..., Volume 1, Parts 1-55

Indiana - 1901 - 1792 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest is past due for a period of six months, unless the same shall be well secured, shall be considered bad debts within...
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Laws of the Territory of New Mexico

New Mexico - 1903 - 360 pages
...profits then on hand, deducting therefrom the losses and bad debts. All debts due to any such corporation 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 this section shall not be construed to define bad debts as...
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Laws Passed by the General Assembly of the Territory of New Mexico

New Mexico - 1903 - 368 pages
...profits then on hand, deducting therefrom its losses and bad debts. All debts of of any such corporation, 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 this section shall not be construed to define bad debts as...
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Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1903 - 364 pages
...profits then on hand, deducting therefrom the losses and bad debts. All debts due to any such corporation 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 this section shall not be construed to define bad debts as...
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