 | Michigan. Banking Division - 1911 - 686 pages
...parties as they appear on the paper. The borrower may 1ю 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 - 1911 - 184 pages
...association. 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. ASSOCIATIONS MUST NOT LOAN ON OR PURCHASE THEIR OWN STOCK.... | |
 | Wisconsin - 1935 - 1310 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 within the meaning of this subsection. * * * The limitation... | |
 | Oregon. Legislative Assembly - 1911 - 42 pages
...however, that the discount of bills of exchange drawn in good faith against actual existing values and the discount of commercial or business paper actually owned by the person or firm negotiating the same shall not be restricted to or considered as coming within said limit of... | |
 | George Ernest Barnett - 1911 - 406 pages
...however, that "the discount of bills of exchange in good faith against actually existing values and the discount of commercial or business paper actually owned by the person negotiat\ ing the same" should not be considered as money borrowed. This section of the national-bank... | |
 | Michigan. Banking Division - 1913 - 716 pages
...parties as they appear on the paper. The borrower may be the maker or the endorser. I'ratt's Digest, 94. Our statute provides that in the discount of commercial...negotiating the paper. The statute contemplates that he aione shall be considered as not receiving a loan from the bank. With respect to the maker of such... | |
 | West Virginia - 1913 - 722 pages
...profits. 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. The corporation mentioned in this section shall not be construed... | |
 | Michigan - 1913 - 938 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, Ji&wever, That the foregoing limitations shall... | |
 | Michigan. Banking Division - 1914 - 744 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... | |
 | Michigan. Banking Division - 1914 - 770 pages
...parties as they appear on the paper. The borrower may be the maker or the endorser. Trait's Digest, 94. Our statute provides that in the discount of commercial...same, it shall not be considered as money borrowed. Th« application of this provision, in my opinion, relates exclusively to the person negotiating the... | |
| |
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... 
