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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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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - Banking law - 1906 - 800 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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International Library of Technology: A Series of ..., Volume 44, Part 2

Agriculture - 1906
...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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Principles of Law: Appendix

Commercial law - 1906 - 512 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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Annual Report [etc.] on State Banks, Mutual Savings Banks and ..., Issue 11

Wisconsin. Banking Dept - Banks and banking - 1906
...ordinary usages of hanking institutions. Bad debts, what are. SECTION 34. All dehts due to any hank, on which interest is past due and unpaid for a period of 1 welve months, unless the same are well secured or in process of collection, shall be considered had...
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A Treatise on the Modern Law of Banking, Volume 1

Albert Sidney Bolles - Banking law - 1907 - 1124 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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Modern Banking Methods and Practical Bank Bookkeeping

Albert Reed Barrett - Banks and banking - 1908 - 325 pages
...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 is past due and unpaid for a period of sir months, unless the same are well secured, and in process of collection, shall be considered bad...
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Report

Connecticut. Office of Bank Commissioner - Banks and banking - 1908
...deducting aJl 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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Journal, Volumes 1-4

Texas. Legislature. Senate - Texas - 1909
...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. The board of directors of any bank or trust company organized under...
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Laws Passed by the ... Legislature of the State of Texas

Texas - Law - 1909
...profits then on hand, deducting therefrom its losses and bad debts. All debts due to any State bank on which interest is past due and unpaid for a period of six months, unless the same are well secured or in process of collection, shall be considered bad debts within the meaning of this Section. The...
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The Laws of the State of New York Relating to Banks, Banking, Trust ...

Willis Seaver Paine - Banking law - 1910 - 811 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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