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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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A Law Dictionary Containing Definitions of the Terms and Phrases of American ...

Henry Campbell Black - 1910 - 1330 pages
...the management of banking associations, the term means all debts due to the association on which the interest is past due and unpaid for a period of six...same are well secured and in process of collection. Kcv. Codes N. D. 1800, § 3240.— Bad faith. The opposite of "good faith." generally implying or involving...
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Money and Banking: A Discussion of the Principles of Money and Credit, with ...

Earl Dean Howard, Joseph French Johnson - 1910 - 546 pages
...provides that "all debts due to an association, on which interest is past due, and unpaid, for the period of six months, unless the same are well secured,...process of collection, shall be considered bad debts within the meaning of this section." All such notes must be listed in the schedule, together with all...
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The Budget Report of the State Board of Finance and ..., Volume 1, Part 1

Connecticut. Board of Finance and Control - 1910 - 812 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 I 8418. Corporat;on la forbidden by Impl;cation to purchase Its stock. 62 C. 99. of collection. The...
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Laws of the United States Concerning Money, Banking, and Loans, 1778-1909

United States - 1910 - 828 pages
...and bad debts, what to be And all debts due to any association, on which interest is debts, p as t 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 debts within...
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The National-bank Act, as Amended: With Other Laws Relating to National Banks

United States - 1911 - 184 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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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 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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Cases on Private Corporations

George Folger Canfield - 1913 - 1026 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 s_hall prevent the reduction of the...
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Acts and Resolutions Passed at the ... Session of the General Assembly of ...

Iowa - 1913 - 572 pages
...the profits of the corporation as they shall judge expedient; all debts past due to any corporation on which interest is past due and unpaid for a period of twelve months, unless the same are well secured and in process of collection, shall be considered bad...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 pages
...to an amount greater than its net profits then on hand, deducting therefrom Us losses and 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 the State of New-Hampshire

New Hampshire - 1915 - 476 pages
...deducting all losses, all sums 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. Each director voting for any dividend declared in violation of any of the provisions of this section...
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