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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. "
Public Documents of Massachusetts - Página li
por Massachusetts - 1894
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Acts of the State of Ohio

Ohio - 1879 - 368 páginas
...of such company actually paid in: provided, that the discount of fxma fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation or firm negotiating the same, shall not be considered money borrowed. SEC....
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volumen2

Irving Browne - 1880 - 638 páginas
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. Thomp. NB Cas. 150, 169, 175, 396, 488, 888, 869 ; ante, 400. Associations not to loan upon, or purchase...
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volumen10

1881 - 628 páginas
...capital stock of said association; provided, that the discount of bonafide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation or firm requesting the same shall not be considered as money borrowed.' Contrary...
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The Southern Law Review: And Chart of the Southern Law and ..., Volumen6

1881 - 982 páginas
...capital stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,...
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The Southern Law Review, Volumen6

1881 - 1014 páginas
...capital stock paid in. But bills discounted bona fide against existing values, and discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money loaned. Under this section it has generally been held that when such loans have actually been made,...
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Executive Documents, Minnesota ..., Volumen2

Minnesota - 1883 - 882 páginas
...restriction however the last clause of this section makes two exceptions and only two. First — " The discount of bills of exchange drawn in good faith against actually existing values." Second — " The discount of commercial or business paper actually owned by the person negotiating...
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The Pacific Reporter, Volumen26

1891 - 1170 páginas
...part of the amount of the capital stock of midi association actually paid in. But the discount of the bills of exchange drawn in good faith against actually existing values, and the discount of business or commercial paper actually owned by the person negotiating the same, shall not be considered...
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Proceedings of the ... Annual Meeting of the National Board of Trade, Volumen15

National Board of Trade (U.S.) - 1885 - 230 páginas
...limitation which is placed upon the first part. The latter part of the section reads as follows : " But the discount of bills of exchange, drawn in good...same, shall not be considered as money borrowed." Now, although there is a limitation of ten per cent, of the capital of any National Banking Association,...
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Journal of the Senate of the State of Vermont: Biennial Session

Vermont. General Assembly. Senate - 1886 - 416 páginas
...consent of a majority of the directors; provided that the discount of dona fide bills of exchange, drawn against actually existing values and the discount of commercial or business paper, actually owned by such director, officer or employe negotiating the same, shall not be considered as money borrowed;...
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Public and Local Acts of the Legislature of the State of Michigan, Parte2

Michigan - 1887
...partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank ; but the discount of bills of exchange drawn in good...the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations shall not apply provis». to loans upon real estate...
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