 | 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... | |
 | 1979 - 1460 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... | |
 | 1970 - 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... | |
 | 1975 - 830 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... | |
 | 1972 - 756 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... | |
 | United States. Congress. Senate. Committee on Rules and Administration - 1952 - 894 pages
...to a sum not in excess of 50 per cent of the capital and surplus of such bank. (3) The 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... | |
 | United States. Congress. Senate. Select Committee to Study Censure Charges - 1954 - 1082 pages
...limitation of thjrfty per cent in addition to the limitation hereinbefore stated, and the 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... | |
 | United States. Supreme Court - 1920 - 996 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association]. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." 64 b. ed. The pertinent portion of the other section reads as follows : "Sec. 5239. If the directors... | |
 | United States. Supreme Court - 1921 - 1344 pages
...shall in no event cxceed thirty per centum of the capital stock of the association] . But the 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... | |
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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,... 
