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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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Laws Passed by the General Assembly of the Territory of New Mexico

New Mexico - Session laws - 1903
...profits then on hand, deducting therefrom its losses and bad debts. All debts of of any such corporation, on which interest is past due and unpaid for a period...process of collection, shall be considered bad debts within the meaning of this section, but this section shall not be construed to define bad debts as...
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Laws of the Territory of New Mexico: Passed by the Legislative Assembly ...

New Mexico - Law - 1903
...then on hand, deducting therefrom the losses and bad debts. All debts due to any such corporation cm which interest is past due and unpaid for a period...process of collection, shall be considered bad debts within the meaning of this section, but this section shall not be construed to define bad debts as...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - Statutes - 1903 - 442 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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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - Coinage - 1903 - 666 pages
...amount greater than its nett profits then on hand, deducting therefrom its losses and bad debts. And all debts due to any association, on which interest is past due and unpaid for a period of 6 months, unless the same shall be well secured, and shall be in process of collection, shall be considered...
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The Budget Report of the State Board of Finance and ..., Volume 1, Part 1

Connecticut. Board of Finance and Control - Budget - 1903
...deducting all losses, all sums due for expenses, and all overdue debts upon which no interest has been paid for a period of six months, unless the same are well secured and in process of collection. The trustees or directors voting for any dividend in violation of any provision of this section shall...
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Smith's Financial Dictionary

Howard Irving Smith - Finance - 1903 - 543 pages
...must not pay out in dividend^ a*, amount in excess of its net earnings. A debt due to a national bank on which interest is past due and unpaid for a period of six months, unless the debt is well secured and is in process of collection, is, under the law, a bad debt. Impairment of'the...
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The National Bank Act: With All Its Amendments Annotated and Explained

John Melville Gould - Banking law - 1904 - 288 pages
...profits then on hand, deducting therefrom its losses and bad debts. All debts due to any associations, on which interest is past due and unpaid for a period...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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Report

Connecticut. Office of Bank Commissioner - Banks and banking - 1904
...deducting all losses, all sums due for expenses, and all overdue debts upon which no interest has been paid for a period of six months, unless the same are well secured and in process of collection. The trustees or directors voting for any dividend in violation of any provision of this section shall...
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Annual Report of the Commissioner of Banking of State and Mutual Savings Banks

Wisconsin. Banking Dept - Banks and banking - 1904
...ordinary usages of banking institutions. Bad debts, what are. SECTION 34. All debts due to any bank, on which interest is past due and unpaid for a period of twelve months, unless the same are well secured or in process of collection, shall be considered bad...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

United States - Law - 1905
...profits then on hand, deducting therefrom its losses and bad debts. All debts due to any associations, on which interest is past due and unpaid for a period...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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