 | Ohio - 1908 - 712 pages
...of the paid-up capital and surplus of such corporation. But the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person, company, corporation or firm negotiating the same shall not be considered as money borrowed. SECTION... | |
 | Wisconsin. Banking Dept - 1908 - 618 pages
...time exceed thirty per cent. of the amount of capital and surplus of such bank ; but 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... | |
 | Wyoming - 1909 - 316 pages
...unimpaired amount thereof may be considered as capital stock in determining the maximum of any loan. But the discount of bills of exchange, drawn in good...same, shall not be considered as money borrowed." SUBJECT TO FINE. Sec. 2. Any bank, savings association or loan and trust company incorporated under... | |
 | 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... | |
 | 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... | |
 | 1967 - 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... | |
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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,... 
