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" That the total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxiii
by Michigan. Banking Division - 1910
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Federal Decisions: Cases Argued and Determined in the Supreme ..., Volume 3

1884 - 1126 pages
...person, or of any company, corporation or firm, for money borrowed, including in the liabilities of a company or firm the liabilities of the several members...capital stock of such association actually paid in." RS, sec. 5200. After obtaining and holding to its own use the money, can the mining company be allowed...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 96

United States. Supreme Court - 1878 - 804 pages
...person, or of any company, corporation, or firm, for money borrowed, including in the liabilities of a company or firm the liabilities of the several members...capital stock of such association actually paid in." Rev. Stat., sect. 5200. After obtaining and holding to its own use the money, can the mining company...
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The Pacific Reporter, Volume 26

1891 - 1170 pages
...person, or of any company, corporation, or firm, for money borrowed, including in the liabilities of a company or firm the liabilities of the several members...one-tenth part of the amount of the capital stock of midi association actually paid in. But the discount of the bills of exchange drawn in good faith against...
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Proceedings of the ... Annual Meeting of the National Board of Trade, Volume 15

National Board of Trade (U.S.) - 1885 - 230 pages
...person, or of any company, corporation or firm, for money borrowed, including in the liabilities of a company or firm, the liabilities of the several members...capital stock of such association actually paid in." [Sec. 5200, RSU S-] There is a clear and distinct provision prohibiting any National Bank from loaning...
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A Treatise on the Law of Private Corporations, Volume 2

Victor Morawetz - 1886 - 642 pages
...provides that the total liabiliities of a bank formed under the act "shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in." It has been decided by the Supreme Court of the United States, that a loan made in violation of this...
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The Southern Reporter, Volume 16

1895 - 1154 pages
...company or firm, the liabilities of the several members, thereof, shall at no time exceed one-tenth of the amount of the capital stock of such association actually paid in." It was held that, though the plaintiff had violated its charter in making the loan, a recovery could...
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Public and Local Acts of the Legislature of the State of Michigan, Part 2

Michigan - 1887
...the company or firm the liabilities of the Ilmltedseveral members thereof, except special partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank ; but the discount of bills of exchange drawn in good faith against actually...
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A Treatise on the Law of Banks and Banking, Volume 2

John Torrey Morse (Jr.) - 1888 - 712 pages
...company or firm, the liabilities of the several members thereof, shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in.3 But the discount of bills of exchange drawn in good faith against actually existing values, and...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - 1889 - 90 pages
...a company or firm the liabilities of the several members thereof, shall at no time exceed one tenth part of the amount of the capital stock of such association actually paid in: Provided, that the discount of bond fide bills of exchange drawn against actually existing values,...
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Annual Report of the Commissioner of the Banking Department of ..., Volume 25

Michigan. State Banking Department - 1914 - 748 pages
...liabilities of the company or arm, the liabilities of the several members thereof except special partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank, etc." The same section authorizes a loan of not to exceed twenty per cent,...
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