 | New Mexico - 1903 - 836 pages
...then on hand, deducting therefrom the losses and bad debts. All debts due to any such corporation cm 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... | |
 | William MacDonald - 1903 - 464 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...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... | |
 | Alonzo Barton Hepburn - 1903 - 692 pages
...amount greater than its nett profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest is past due and unpaid for a period of 6 months, unless the same shall be well secured, and shall be in process of collection, shall be considered... | |
 | Connecticut. Board of Finance and Control - 1903 - 1150 pages
...deducting all 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... | |
 | Howard Irving Smith - 1903 - 560 pages
...must not pay out in dividend^ a*, amount in excess of its net earnings. A debt due to a national bank on which interest is past due and unpaid for a period of six months, unless the debt is well secured and is in process of collection, is, under the law, a bad debt. Impairment of'the... | |
 | John Melville Gould - 1904 - 326 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... | |
 | Connecticut. Office of Bank Commissioner - 1904 - 450 pages
...deducting all 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... | |
 | Wisconsin. Banking Dept - 1904 - 572 pages
...ordinary usages of banking institutions. Bad debts, what are. SECTION 34. All debts 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... | |
 | United States - 1905 - 1032 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... | |
 | Harvey White Magee - 1906 - 864 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... | |
| |
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. 
