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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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A Selection of Cases on the Law of Private Corporations

Leslie Jay Tompkins - 1908 - 1188 pages
...to any association, of any person or of any company, corporation or firm, for money borrowed * * * shall at no time exceed onetenth part of the amount...capital stock of such association actually paid in." The court below, Trunkey, J., in an opinion which was adopted by this court, held the defense insufficient,...
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Documentary Source Book of American History, 1606-1898, Volume 10

William MacDonald - 1908 - 654 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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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 1

United States - 1909 - 946 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 su?U F. S, A.Supp, -23 868 associations, actually paid in and unimpaired and one-tenth part of its...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1909 - 612 pages
...horrowed, including 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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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - 1910 - 874 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 associations, actually paid in and unimpaired and one-tenth part of its unimpaired surplus fund: Provided,...
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Laws of the United States Concerning Money, Banking, and Loans, 1778-1909

United States - 1910 - 828 pages
...t ReTlsed ^., t Qo" or firm the liabilities of the several members thereof, shall p. 1005, amenaat no time exceed one-tenth part of the amount of the capital stock of such associations, actually paid in and unimpaired and one-tenth part of its unimpaired surplus fund: Provided,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1911 - 686 pages
...liabilities of the company or firm, 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, but the discount of bills of exchange drawn in good faith against actually...
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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - 1912 - 732 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 associations, actually paid in and unimpaired and one-tenth part of its unimpaired surplus fund: Provided,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1913 - 716 pages
...liabilities of the company or firm 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. * * * Provided, however, That by a two-thirds vote of the directors the liabilities...
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Ruling Case Law: As Developed and Established by the Decisions and ..., Volume 3

William Mark McKinney, Burdett Alberto Rich - 1914 - 1424 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 and unimpaired and one tenth part of its unimpaired surplus funds; Provided, however, that the total...
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