 | 1917 - 830 pages
...not intended for re-discount, nor to bills of exchange drawn against actually existing value, nor to commercial or business paper actually owned by the person negotiating the same. Currency, in the form of Federal Reserve notes, may be issued to a member bank by its Federal Reserve... | |
 | 1959 - 732 pages
...of exchange drawn in good faith against actually existing values; (2) to obligations arising out of the discount of commercial or business paper actually owned by the person negotiating the same; (3) to the liability of a customer on account of an acceptance made by the Corporation for his account... | |
 | 1975 - 828 pages
...limitation of 10 per centum shall be subject to the following exceptions:) (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section... | |
 | 1967 - 798 pages
...limitation of 10 per centum shaU be subject to the following exceptIons:¿ (2) OblIgations arising out of the discount of commercial or business paper actually owned by the person, copartnersbtp, assoclatlon.or corporation negotiating the same shall not be subject under this section... | |
 | 1972 - 762 pages
...limitation of 10 per centum shall be subject to the following exceptions:] (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnershlp, association,or corporation negotiating the same shall not be subject under this section... | |
 | 1979 - 1462 pages
...this section to any limitation based upon such capital and surplus. (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnership, association, or corporation negotiating the same shall not be subject under this section... | |
 | United States. Congress. Senate. Committee on Rules and Administration - 1952 - 892 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 subsections (1) and (2) of this section.... | |
 | United States. Congress. Senate. Select Committee to Study Censure Charges - 1954 - 1082 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 subsections (1) and (2) of this section.... | |
 | United States. Supreme Court - 1920 - 996 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." 64 b. ed. The pertinent portion of the other section reads... | |
 | United States. Supreme Court - 1921 - 1362 pages
...disfount of bills of exchange drawn in good faith against actually existing values, and the diséount of commercial or business paper actually owned by the person negotiating the same, shall not be eonsidered as money borrowed.” 44 L. ed. 70—T2 The pertinent portion of the other... | |
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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... 
