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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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General Laws of the State of Idaho ...

Idaho - 1925 - 536 pages
...Finance, collect the same or put it in good bankable condition or charge it out of its books. Any debt on which interest is past due and unpaid for a period of six months, unless the same is well secured and in process of collection, shall be considered a bad debt within the meaning of...
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United States Code Annotated, Volume 12

United States - 1927 - 612 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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Digest of Rulings of the Federal Reserve Board (1914-1927, Inclusive): With ...

United States. Federal Reserve Board - 1928 - 808 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. But nothing in this section shall prevent the reduction of the...
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Annual Report of the Comptroller of the Currency to the ..., Volume 72

United States. Office of the Comptroller of the Currency - 1935 - 826 pages
...must be carried as past-due paper and charged off as bad debts within the provisions of RS 5204 that "All debts due to any association, on which interest...due and unpaid for a period of six months, unless same are well secured, and in process of collection, shall he considered bad debts." There are other...
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Public Documents of the State of Connecticut, Volume 1, Part 1

Connecticut - 1907 - 1028 pages
...deducting aJl losses, all sums due for expenses, and all overdue debts upon which no interest has been paid for a period of six months, unless the same are well secured and in process of collection. The trustees or directors voting for any dividend in violation of any provision of this section shall...
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Revised Administrative Code of the Philippine Islands, 1934: Supplemental ...

Philippines - 1945 - 1064 pages
...than its net profits on hand, deducting therefrom its losses and bad debts. All debts due to the Bank, 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. SEC. 35. After deduction of the administrative expenses, and after...
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The Code of Federal Regulations of the United States of America

1996 - 332 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...six months, unless the same are well secured, and in the process of collection, shall be considered bad debts within the meaning: of this section. But nothing...
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The Code of Federal Regulations of the United States of America

1992 - 468 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...six months, unless the same are well secured, and in the process of collection, shall be considered bad debts within the meaning of this section. But nothing...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1993 - 394 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...six months, unless the same are well secured, and to the process of collection, shall be considered bad debts within the meaning of this section. But...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1994 - 786 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...unpaid for a period of six months, unless the same axe well secured, and in the process of collection, shall be considered bad debts within the meaning...
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