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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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The American State Reports: Containing the Cases of General Value ..., Volume 42

Abraham Clark Freeman - 1895
...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." It was held that, though the plaintiff had violated its charter in making the loan, a recovery could...
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Commentaries on the Law of Private Corporations, Volume 3

Seymour Dwight Thompson - 1895 - 1202 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...the capital stock of such association actually paid in."1 By another section of the same statute "if the directors of any national banking association...
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Session Laws

Wyoming - 1897 - 188 pages
...company or firm, the liabilities of the several jnembers thereof, shall at no time exceed one-seventh part of the amount of the capital stock of such association actually paid in; Proridea, That the total liabilities to any such association having a capital stock of not less than...
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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
...including iu the liabilities of the several members thereof to any banking company herein authorized, shall at no time exceed one-tenth part of the amount of the capital stock of such company actually paid in: provided, that the discount of bona fide bills of exchange drawn against...
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A Treatise on the Law of Private Corporations

Henry Osborn Taylor - 1902 - 1002 pages
...that " the total liabilities to any ¬°issociation of any person .... shall at no time exceed one-tenth of the amount of the capital stock of such association actually paid in." In view of this section the Supreme Court of the United States holds that a defendant sued by a national...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 478 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 bona fide bills of exchange drawn against actually existing values,...
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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - 1903 - 696 pages
...1874, and July 12, 1882. 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 bona fide bills of exchange drawn against actually existing values,...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Attorney General's Office, Michigan. Department of Attorney General - 1903 - 172 pages
...liabilities of the company or firm the liability 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; but the discount of bills of exchange drawn in good faith against actually...
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Revisal of 1905 of North Carolina: Prepared Under Chapter Three ..., Volume 1

North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 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 such bank or banking institution actually paid in. But the discount of bills of exchange drawn in good faith...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1905 - 448 pages
...horrowed, includmg in the liahilities of the company or firm, the liahilities of the several memhers thereof, shall at no time exceed one-tenth part of...capital stock of such association actually paid in; hut the discount of hills of exchange drawn in good faith against actually existing values, and the...
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