Drafts may be bona fide bills of exchange drawn upon actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are drawn against property previously consigned and... Annual Report - Page xviiby Michigan. Banking Division - 1906Full view - About this book
 | Law reports, digests, etc - 1884
...capital. It is immaterial whether such bills are accompanied by a specific bill of lading in each case, or are drawn against property previously consigned and...proceeds of sales in the hands of the consignees. The board of directors passed a resolution forbidding defendant to discount his own notes. He disobeyed... | |
 | Irving Browne - National banks (U.S.) - 1889
...entirely immaterial whether such bills are accompanied by a specific bill of lading in each case, or are drawn against property previously consigned, and...proceeds of sales in the hands of the consignees. In either case the funds have already been provided by the drawer in the hands of the drawees to meet... | |
 | Michigan. State Banking Department - Banks and banking - 1906
...actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...the federal statute. The state and federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under... | |
 | Michigan. State Banking Department - Banks and banking - 1914
...be bona fide bills of exchange drawn upon actual existing values within the meaning of the statute, sufficient if they are drawn against property previously...the federal statute. The State and federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under... | |
 | Michigan. Department of Attorney General - 1903
...actual existing valuer within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...the Federal statute. The State and Federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under... | |
 | Michigan. Banking Division - Banks and banking - 1904
...actual exlsting values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...the federal statute. The state and federal statute being identical in this particular, unquestionably the same rule would apply to a bank organized under... | |
 | United States - Law - 1905
...statute, though not accompanied by specific bills of lading in each case. It is sullicient if they arc drawn against property previously consigned and existing...proceeds of sales in the hands of the consignees. Oswego Second Nat. Bank r. Burt, (188.4) !)3 NY 233, affirming (1882) 20 Hun (NY) 672. Assets of reorganized... | |
 | Michigan. Banking Division - Banks and banking - 1906
...actual existing yalues witbin the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...proceeds of sales in the hands of the consignees." Tbis rule, of course, applies to the federal statute. The state and federal statute being identical... | |
 | Michigan. Banking Division - Banks and banking - 1907
...actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are...consignees." This rule, of course, applies to the federal statutn. The State and federal statute being identical in this particular, unquestionably the same... | |
 | Michigan. Banking Division - Banks and banking - 1908
...the statute, though not accompanied by specific bills of lading in each case, It is sufficient it' they are drawn against property previously consigned...and existing either in its original form or in the sbape of proceeds of sales in the hands of the consignees," This rule, of course, applies to the federal... | |
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