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" The total liabilities to any association, of any person, or of any company, corporation, or firm, for money borrowed, including, in the liabilities of a company or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xv
by Michigan. Banking Division - 1906
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The Banking Law Passed by the General Assembly of the State of Rhode Island ...

Rhode Island - Banking law - 1908 - 86 pages
...borrowed, including in the lia- trnuy8tbcomp0any. bilities of a firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or trust company, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus...
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Modern Banking Methods and Practical Bank Bookkeeping

Albert Reed Barrett - Banks and banking - 1908 - 346 pages
...liabilities of a company or firm, the liabilities of the several members thereof, shall at no tune exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1920 - 840 pages
...liabilities of the company or firm the liabilities of the several members thereof except special partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank... .Provided, however, That by a two-thirds vote of the directors the liabilities...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 2

United States - Law - 1920 - 1054 pages
...company or firm the liabilities of the several members thereof, shall at no time exceed 10 per centum ̿ d Pi6 * ŵI G N $ c _&TZe= A<( z & Eg κ [ v KJ " C< and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount...
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Supreme Court Reporter, Volume 40

United States. Supreme Court - Law reports, digests, etc - 1921 - 628 pages
...borrowed, includ•71 ing in the liabilities of a company *or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth part of...capital stock of such association actually paid in [and unimpaired and one-tenth part of its unimpaired surplus fund: Provided, however, that the total...
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The Financial Organization of Society

Harold Glenn Moulton - Finance - 1921 - 860 pages
...borrowed, including, in the liabilities of a company or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth part of...capital stock of such association actually paid in and unimpaired and one-tenth part of the unimpaired surplus fund, provided that the total of such liabilities...
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The Financial Organization of Society

Harold Glenn Moulton - Finance - 1921 - 826 pages
...upon real estate in the manner described in this section. (Federal Reserve Act, December 23, 1913.) exceed one-tenth part of the amount of the capital stock of such association actually paid in and unimpaired and one-tenth part of the unimpaired surplus fund, provided that the total of such liabilities...
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Acceptances, Their Importance as a Means of Increasing and Simplifying ...

American Exchange National Bank, New York - Acceptances - 1921 - 128 pages
...company or firm the liabilities of the several members thereof, shall at no time exceed 10 per centum of the amount of the capital stock of such association, actually paid in and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount...
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Cases Argued and Decided in the Supreme Court of the United ..., Volumes 251-253

United States. Supreme Court - Law reports, digests, etc - 1921 - 1362 pages
...or firm, the liabilities of the several members thereof, shall at no time exceed one-tenth part «f the amount of the capital stock of such association actually paid in [and unimpaired and one-tenth part of its unimpaired surplus fund: Provided, however, that the total...
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Digest of Legal Opinions of Thomas B. Paton: General Counsel of the American ...

Thomas Bugard Paton - Banking law - 1922 - 782 pages
...liabilities to any association of any person * * * for money borrowed, * * * shall at no time exceed 10% of the amount of the capital stock of such association, actually paid in and unimpaired, and 10% of its unimpaired surplus fund," with specified exceptions. In the instant...
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