 | South Dakota - 1891 - 392 pages
...existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually owned by...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act.... | |
 | Nebraska - 1891 - 1278 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. ("Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,... | |
 | Nebraska, Joseph Elliott Cobbey - 1891 - 1382 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 302. No bank, corporation, firm, or individual engaged in the banking, broker, exchange, or deposit... | |
 | Michigan. Banking Division - 1892 - 330 pages
...discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by...Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate or other collateral securities authorized by this... | |
 | New York (State) - 1892 - 308 pages
...surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by...person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its directors, officers, agents... | |
 | United States. Department of the Treasury - 1892 - 1184 pages
...discount of bills of exchange drawn in good faith against actually existing vaines and the discount of commercial or business paper actually owned by the person negotiating the enmi; shall not be considered as money borrowed. As the volume of business has increased the magnitude... | |
 | John B. Duryea - 1892 - 448 pages
...bills of exchange, drawn in good faith against existing values, and the discount of business paper owned by the person negotiating the same, shall not be considered as a loan of money. § 59. Other Loans Prohibited. Banking associations cannot make any loans nor discount... | |
 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1893 - 1370 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. [Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,... | |
 | George Mathewes Coffin - 1893 - 186 pages
...internal evidence as to the intended meaning of this term, for in section 5200 we find that "the discount of commercial or business paper actually owned by the person negotiating the same" is excepted from the limit as to amount which is applied to direct loans, or " money borrowed." As... | |
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But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 
