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" Loans (Sec. 5200). —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... "
Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ... - Page 225
by William Lyman Fawcett - 1877 - 270 pages
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Annual Report of the North Carolina Corporation Commission for the ..., Volume 2

North Carolina. Corporation Commission - 1901 - 618 pages
...thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking association actually paid in. But the discount of...the same shall not be considered as money borrowed: Provided, this section shall not apply to banks with a paid up capital of one hundred thousand dollars...
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - 1899 - 1054 pages
...in; provided, that the discount of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed." As the...
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The American State Reports: Containing the Cases of General Value ..., Volume 67

Abraham Clark Freeman - 1899 - 1064 pages
...in; provided, that the discount of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed." As the...
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Lawyers' Reports Annotated, Book 45

1899 - 932 pages
...provided: that the •discount of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation or firm negotiating the same shall not be considered money borrowed." As the...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 864 pages
...amount to twenty per centum of its Capital stock. SEC. 5200. LIMITATION OF LIABILITY OF ANY BORROWER.— The total liabilities to any association, of any person,...shall not be considered as money borrowed. SEC. 5201. PURCHASE OF ITS OWN STOCK.— No association shall make any loan or discount on the security of the...
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Combined Kansas Reports

Kansas - 1900 - 1108 pages
...values or loans upon produce in transit, or upon warehouse or elevator receipts as collateral security, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. The bank commissioner may, at any time, order any excess loan reduced to the legal limit within sixty...
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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
...of such company actually paid in: provided, that the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation or firm negotiating the same, shall not be considered money borrowed. 76 OL...
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General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - 1900 - 862 pages
...thereon, nor to the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or such discount of bills of exchange...
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Acts and Resolves Passed by the General Court of Massachusetts

Massachusetts - 1901 - 944 pages
...exceed one fifth part of such amount of the capital stock of this corporation as is actually paid up. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. SECTION 2. This act shall take effect upon its passage. Approved April 5, 1901. CViOp.256 AN ACT MAKING...
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Acts of the Legislature of West Virginia

West Virginia - 1901 - 914 pages
...110 time exceed fifty per centum of the capital stock, plus the surplus fund and undivided, profits. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. The corporations mentioned in this section shall not be construed to mean municipal corporations, districts...
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