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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 Law Dictionary: Containing Definitions of the Terms and Phrases of ...

Henry Campbell Black - Law - 1910 - 1314 pages
...the management of banking associations, the term means all debts due to the association on which the interest is past due and unpaid for a period of six...same are well secured and in process of collection. Kcv. Codes N. D. 1800, 3240.— Bad faith. The opposite of "good faith." generally implying or involving...
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Money and Banking: A Discussion of the Principles of Money and Credit, with ...

Earl Dean Howard, Joseph French Johnson - Banks and banking - 1910 - 495 pages
...provides that "all debts due to an association, on which interest is past due, and unpaid, for the period of six months, unless the same are well secured,...process of collection, shall be considered bad debts within the meaning of this section." All such notes must be listed in the schedule, together with all...
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The National-bank Act, as Amended: With Other Laws Relating to National Banks

United States - Banking law - 1911 - 174 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...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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Handbook of the Law of Banks and Banking

Francis Buchanan Tiffany - Banking law - 1912 - 669 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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Cases on Private Corporations

George Folger Canfield - Corporation law - 1913 - 985 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 s_hall prevent the reduction of the...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - Civil procedure - 1914 - 1587 pages
...to an amount greater than its net profits then on hand, deducting therefrom Us losses and bad debts. within the meaning of this section. But nothing in this section shall prevent the reduction of the...
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Public Documents, Part 4

West Virginia - West Virginia - 1917
...all losses, all sums due for expenses, and all over-due 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. Any director voting for any dividend in violation of the provisions of this section shall be deemed...
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Banking Laws: An Official Manual Containing All State Laws of General Nature ...

West Virginia - Banking law - 1917 - 155 pages
...all losses, all sums due for expenses, and all over-due 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. Any director voting for any dividend in violation of the provisions of this section shall be deemed...
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Instructions of the Comptroller of the Currency Relative to the Organization ...

United States. Office of the Comptroller of the Currency - Banking law - 1919 - 145 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...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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Cyclopedia of the Law of Private Corporations, Volume 6

William Meade Fletcher - Corporation law - 1919
...there are net profits applicable to the payment of dividends, and provides that all debts due the bank on which interest is past due and unpaid for a period...in process of collection, shall be considered bad debts.87 Estimated profits expected on existing contracts for delivery of cannot in fact b^e distributed...
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