 | William Lyman Fawcett - 1877 - 288 pages
...in. But the discount of bills of exchange drawn m 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. (SEC. 5201.) No association shall make any loan or discount... | |
 | Ohio - 1877 - 650 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 money borrowed. SEC.... | |
 | Ohio - 1879 - 366 pages
...provided, that the discount of bona fide Dills 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 money borrowed. SEC.... | |
 | South Dakota - 1891 - 388 pages
...agajnst actual 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 person negotiating the same shall not be considered as money borrowed. ยง 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons... | |
 | Michigan. Banking Division - 1891 - 178 pages
...bank; 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: Provided, however, That the foregoing limitations proviso.... | |
 | Illinois. General Assembly. Senate - 1891 - 1328 pages
..."that the discount of bills o! exchange drawn in good faith, against actually existing values, and the discount of commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."... | |
 | Michigan. Banking Division - 1892 - 330 pages
...bank; but the discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso,... | |
 | 1892 - 1046 pages
...in. Hut the discount of bille 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 eamo, shall not bo considered as money borrowed. This limitation is found to be wholesome in its general... | |
 | George Mathewes Coffin - 1893 - 186 pages
...1. The discount of bills of exchange drawn in good faith against actually existing values;" and, "2. The discount of commercial or business paper actually owned by the person negotiating the same." Such paper as is clearly embraced in these two classes, the law says, "shall not be considered as money... | |
 | Wyoming - 1897 - 188 pages
...in. 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." SEC. 2. This act shall take effect and be in force from... | |
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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... 
