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" The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it,... "
Ruling Case Law: As Developed and Established by the Decisions and ... - Page 276
edited by - 1920
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 174

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1913 - 804 pages
...receiving, reserving or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture...carries with it, or which has been agreed to be paid thereon. In case the greater rate of interest has been paid, the person by whom it has been paid, or...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863 - 1180 pages
...receiving, reserving, or charging a rate of interest greater than aforesaid, shall be held and adjudged a forfeiture of the entire interest which the note,...carries with it, or which has been agreed to be paid thereon. And in case a greater rate of interest has been paid, the person or persons paying the same,...
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The Merchants' Magazine and Commercial Review, Volume 51

Commerce - 1864 - 496 pages
...receiving, reserving, or charging a rate of interest greater than aforesaid, shall he held and adjudged a forfeiture of the entire interest which the note,...other evidence of debt carries with it, or which has heen agreed to he paid thereon. And in case a greater rate of interest has heen paid, the person or...
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The Merchants' Magazine and Commercial Review, Volume 56

1867 - 498 pages
...rale of interest greater than the aforesaid, »lull be held and adjudged a forfeiture of the 1-iitirn interest which the note, bill, or other evidence of...carries with it, or which has been agreed to be paid thereon. Aud in case a greater rate of interest has been paid, the person or persons paying the Fame,...
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The Merchants' Magazine and Commercial Review, Volume 56

William B. Dana - Commerce - 1867 - 494 pages
...receiving, reserving, or charging a rate of interest greater than the aforesaid, shall be held and adjudged a forfeiture of the entire interest which the note,...or other evidence of debt carries with it, or which h.rs been agreed to be paid thereon. Ami in case a greater rate of interest has been paid, the person...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 438 pages
...receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note,...carries with it, or which has been agreed to be paid thereon. And in case a greater rate of interest has been paid, the person or persons paying the same,...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 426 pages
...receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note,...or other evidence of debt carries with it, or which has-been agreed to be paid thereon. And in case a greater rate of interest has been paid, the person...
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A General Digest of the Law of Corporations: Presenting the American ...

Benjamin Vaughan Abbott, Austin Abbott - Corporation law - 1869 - 1028 pages
...receiving, reserving, or charging a rate of interest greater than aforesaid shall bo held and adjudged a forfeiture of the entire interest which the note,...carries with it, or which has been agreed to be paid thereon. And in case a greater rate of interest has been paid, the person or persons paving the game,...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - Law - 1869 - 680 pages
...receiving, reserving or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note,...carries with it, or which has been agreed to be paid thereon. And in case a greater rate of interest has been paid, the person or persons paying the same,...
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The American Law Register, Volume 8

Law - 1869 - 820 pages
...reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfciture of the entire interest which the note, bill, or other...carries with it, or which has been agreed to be paid thereon." It appears by the opinion that the law of Tennessee merely forfeits in such case the excess...
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