 | Henry Parker Willis, William Howard Steiner - 1926 - 1202 pages
...acceptance negotiated in good faith by the bona fide owner would be exempt from these limitations as "commercial or business paper actually owned by the person negotiating the same. ' ' 3S But if discounted for the drawee and not for the bona fide holder, it is subject to the limitation.3*... | |
 | John Martin Chapman, Ray Bert Westerfield - 1927 - 798 pages
...discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by...same, shall not be considered as money borrowed." — [Report of the Comptroller of the Currency, 1897, pp. XXX-XXXI.] (a) Is this type of limitation... | |
 | Michigan - 1927 - 1090 pages
...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 conproviso. sidered as money borrowed : Provided, however, That the foregoing limitation shall not... | |
 | New York (State). Attorney General's Office - 1912 - 778 pages
...position that in order to come within the exception to Section 5200 USRS, relative to ' the discount of commercial or business paper actually owned by the person negotiating the same ' the paper must have been given in payment for some commodity and bear the endorsement of an actual... | |
 | United States. Federal Reserve Board - 1928 - 808 pages
...the discount of bills of exchange drawn in good faith against actually existing values, the discount of commercial or business paper actually owned by the person negotiating the same, and the purchase of readily marketable bonds, notes, and other investment securities offered for sale... | |
 | New York (State). Attorney General's Office - 1912 - 768 pages
...the difference between the face value of the notes and the agreed commission or discount are not " commercial or business paper actually owned by the person negotiating the same " contained in section 27 of the Banking Law. INQUIRY. Whether section 27 of the Banking Law permits... | |
 | Massachusetts. Attorney General's Office - 1907 - 736 pages
...discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by...same, shall not be considered as money borrowed." I am of the opinion that, in view of the prohibition of the section quoted, a trust company may not... | |
 | Wisconsin - 1933 - 1358 pages
...of bills of exchange drawn m £ood faith against actually existing values, and the discounting °' commercial or business paper actually owned by the...the same, shall not be considered as money borrowed the meaning of this subsection. On and after January 15, 2, no bank shall make any new loan where the... | |
 | North Carolina. Corporation Commission - 1902 - 650 pages
...discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually owned by...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 or less.... | |
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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. 
