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" All debts due to any association, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section. "
Joint Documents ... for the Year ... - Page 132
by Michigan. Legislature - 1889
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Hearings, Reports and Prints of the Senate Committee on Banking and Currency

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1963
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts; and all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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Comptroller's Manual for National Banks: Laws, Regulations, Rulings

United States. Office of the Comptroller of the Currency - Banking law - 1966
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association, on which interest...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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The Comptroller and Bank Supervision: a Historical Appraisal, Volume 10

Ross M. Robertson - Banks and banking - 1968 - 262 pages
...amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest...unpaid for a period of six months, unless the same shall be well secured, and shall be in process of collection, shall be considered bad debts within...
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Bank Failures, Regulatory Reform, Financial Privacy: Hearings Before the ...

United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Bank failures - 1975 - 2234 pages
...to an amount greater than its net profits then on hand deducting therefrom its losses and bad debts. All debts due to any association on which interest...process of collection, shall be considered bad debts within the meaning of this section." K Security presently has $85 million in loans upon which interest...
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Bank Failures, Regulatory Reform, Financial Privacy: Hearings Before the ...

United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Bank failures - 1975 - 2234 pages
...profits then on and deducting therefrom its losses and bad debts. All debts due to any s sociation on which interest is past due and unpaid for a period of six B*':>Ğiths, unless the same are well secured, and in process of collection, *~X-all be considered...
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Financial Institutions and the Nation's Economy: FINE ..., Books 1-2

Banks and banking, International - 1976
...of dividends if a national bank's "net profits then on hand" are less than the amount of its loans on which interest is past due and unpaid for a period of six months unless the loans are "well secured" and "in process of collection." Much of the key language in this statute is...
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International Banking Operations: Hearings Before the Subcommittee on ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance - Banks and banking, International - 1977 - 942 pages
...delinquent six months or more "B" Paper - consists of all other overdue loans which have passed maturity or on which interest is past due and unpaid for a period of less than six months In the case of instalment credit, a loan will not be considered overdue until...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1996
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association, on which interest...six months, unless the same are well secured, and in the process of collection, shall be considered bad debts within the meaning of this section. But nothing...
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Hearings, Reports and Prints of the Senate Committee on Banking and Currency

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1956
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association, on which interest...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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Congressional Serial Set

United States - 1913
...an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts. All debts due to any association, on which interest...process of collection, shall be considered bad debts within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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