 | 1979 - 524 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... | |
 | 1980 - 352 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... | |
 | Ohio. Supreme Court - 1902 - 708 pages
...of the nmount of the capital stock of said bank actually paid in, not including in said indebtedness the discount of bills of exchange drawn in good faith, against actually existing values, nor the discount of commercial or business paper actually owned by the said manufacturing company and... | |
 | 1982 - 446 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... | |
 | 1983 - 1442 pages
...be under this section to any limitation pon such capital and surplus. (2) Obligations arising out of the discount of commercial or business paper actually owned by the person, copartnershlp, associatlon, or corporation negotIating the same shall not be subject under this section... | |
 | United States - 1971 - 1464 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... | |
 | Geoffrey Jones - 1991 - 214 pages
...person or company. But there were two exceptions to this provision. The first exempted from the limit ‘the discount of bills of exchange drawn in good faith against actually existing values' — in others words, real commercial paper. The obvious presumption here was that, because such loans... | |
 | 1993 - 1568 pages
...centum of the unimpaired capital and surplus of said bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. "Any Federal reserve bank may discount acceptances of the kinds hereinafter described, which have a... | |
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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,... 
