 | William MacDonald - 1908 - 648 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, 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 as money borrowed. SEC.... | |
 | Ohio - 1908 - 712 pages
...such corporation. But the discount of bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person, company, corporation or firm negotiating the same shall not be considered as money borrowed. SECTION... | |
 | Michigan. Banking Division - 1909 - 612 pages
...parties as they appear on the paper. The borrower may be the maker or the endorser. Pratt's Digest, !>4. Our statute provides that in the discount of commercial...negotiating the paper. The statute contemplates that he alone shall be considered as not receiving a loan from the bank. With respect to the maker of such... | |
 | Wyoming - 1909 - 314 pages
...loan. 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." SUBJECT TO FINE. Sec. 2. Any bank, savings association... | |
 | California - 1909 - 940 pages
...warehouse receipts and bills of exchange, drawn in good faith against actual existing value or against commercial or business paper actually owned by the person negotiating the same. Loans; securities of corporations. Si.i. fil. .No loan shall lie made by any commercial bank upon the... | |
 | Missouri - 1909 - 520 pages
...a city having a population of less than one hundred thousand and over seven thousand, are (a) upon commercial or business paper actually owned by the person negotiating the same to such trust company, and are endorsed by such person without limitation, or (b) are secured by collateral... | |
 | North Dakota - 1909 - 422 pages
...advance or debt be paid, shall not be considered as money borrowed, and such association may discount commercial or business paper actually owned by the person negotiating the same without it being deemed an addition to the loans to said negotiator. Approved February 18, 1909. BARBERS... | |
 | Michigan. Banking Division - 1910 - 652 pages
...the paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. Our statute provide» that in the discount of commercial or business paper...negotiating the paper. The statute contemplates that he alone shall be considered as not receiving a loan from the bank. With respect to the maker of such... | |
 | United States - 1910 - 886 pages
...of bills commercial of exchange drawn in good faith against actually existing included, values, and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed." Approved, June 22, 1906. • discounts not ACT OF JANUARY... | |
 | United States - 1910 - 828 pages
...commercial r discounts not of exchange drawn in good faith against actually existing included, values, and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed." Approved, June 22, 1906. ACT OF JANUARY 26, 1907. (As codified... | |
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Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates exclusively to the person... 
