 | Michigan. Banking Division - 1906 - 500 pages
...paper actually owned hy the person negotiating the same, it shall not he considered as money horrowed. The application of this provision, in my opinion,...negotiating the paper. The statute contemplates that he alone shall he considered as not receiving a loan from the hank. With respect to the maker of such... | |
 | Harvey White Magee - 1906 - 864 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. This provision of the statute does not prohibit an officer... | |
 | 1906 - 538 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. 1 111. Associations Must Not Hold Their Own Stock (Sec.... | |
 | Wisconsin. Banking Dept - 1906 - 644 pages
...discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall not be considered ¿s money borrowed; provided, that by a two-thirds vote of the directors, the... | |
 | Michigan. Banking Division - 1907 - 536 pages
...parties as they appear on the paper. The borrower may be the maker or the endorser. Pratt,s Digest, 04. 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... | |
 | West Virginia - 1907 - 710 pages
...profits; but the discount (if 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. The corporations mentioned in this section shall not be... | |
 | United States - 1907 - 1664 pages
...association. But the discount of bills of exchange drawn in good faith against actually existing values, and ormously tall. Sarah asks the price of the dress and when she excl shall not "be considered as money borrowed." Approved, June 22, 1906. CHAP. 3617.—An Act For the... | |
 | Michigan. Banking Division - 1908 - 586 pages
...parties as they appear on the paper. The borrower may be the maker or the endorser. Pratt's Digest. 94. 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... | |
 | United States. Philippine Commission (1899-1900) - 1908 - 462 pages
...fund; 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. ARTICLE IX. Before making loans on precious metals, merchandise,... | |
 | Wisconsin. Banking Dept - 1908 - 606 pages
...discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the... | |
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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... 
