Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
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Page 64
... Senator BENNETT . I am sorry , Senator . Senator PROXMIRE . All right . I will be rather brief . I would like to ask you if it isn't true that the uniform State com- mercial code or law of negotiable instruments , was that 1941 , that ...
... Senator BENNETT . I am sorry , Senator . Senator PROXMIRE . All right . I will be rather brief . I would like to ask you if it isn't true that the uniform State com- mercial code or law of negotiable instruments , was that 1941 , that ...
Page 65
United States. Congress. Senate. Committee on Banking and Currency. we have found in getting these uniform State laws , it takes many years ? Mr. COHEN . It does . Senator PROXMIRE . And I suspect this would take probably a mini- mum of ...
United States. Congress. Senate. Committee on Banking and Currency. we have found in getting these uniform State laws , it takes many years ? Mr. COHEN . It does . Senator PROXMIRE . And I suspect this would take probably a mini- mum of ...
Page 66
United States. Congress. Senate. Committee on Banking and Currency. Senator WILLIAMS . The Uniform Commercial Code , has been gen- erally accepted . Am I right ? Senator PROXMIRE . They tell me all except one . Mr. COHEN . Let me say one ...
United States. Congress. Senate. Committee on Banking and Currency. Senator WILLIAMS . The Uniform Commercial Code , has been gen- erally accepted . Am I right ? Senator PROXMIRE . They tell me all except one . Mr. COHEN . Let me say one ...
Page 67
... Senator PROXMIRE . That wouldn't prevent the seller from specify- ing in prospectus this is developed land , and had ... Senator PROXMIRE . Thank you . Senator WILLIAMS . I was talking with our staff director . I missed that point ...
... Senator PROXMIRE . That wouldn't prevent the seller from specify- ing in prospectus this is developed land , and had ... Senator PROXMIRE . Thank you . Senator WILLIAMS . I was talking with our staff director . I missed that point ...
Page 70
... Senator Proxmire raised , there might not be any extrinsic or objective value . The only thing that anybody could look to as a test of value might be the price that this fellow paid within a matter of months for the whole subdivision .
... Senator Proxmire raised , there might not be any extrinsic or objective value . The only thing that anybody could look to as a test of value might be the price that this fellow paid within a matter of months for the whole subdivision .
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Common terms and phrases
90TH CONGRESS Administration advertising agency amended authority Banking and Currency bill billion Board borrowing branch branch banking Bureau buyer Chairman COHEN coinage Coinage Metal coins commercial banks Commission Congress corporation cost deposit developer discount effective exemption fact Federal Reserve Act Federal Reserve banks Federal Reserve System filing financing FNMA full disclosure funds going Government hearing Home Loan Bank housing increase industry institutions interest rates investment investors JOHN SPARKMAN legislation loan associations lots member banks ment Michigan National Bank mint marks mortgage credit mortgage market mutual savings banks offering operations parcels percent person present problem proposed prospectus purchaser real estate record registration statement regulations residential savings and loan Securities Act seigniorage sell Senator BENNETT Senator MONDALE Senator PROXMIRE Senator WILLIAMS SPARKMAN statute subcommittee subdivided lands subdivision suggested tion Treasury U.S. Senate United veterans
Popular passages
Page 30 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading...
Page 25 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Page 43 - ... for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions...
Page 278 - In case any part of the registration statement, when such part became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 36 - Judgments and decrees so rendered shall be subject to review as provided in sections 128 and 240 of the Judicial Code, as amended (USC, title 28, sees. 225 and 347) . No costs shall be assessed for or against the Commission in any proceeding under this title brought by or against it in the Supreme Court or such other courts.
Page 38 - System, extend to each member bank such discounts, advancements, and accommodations as may be safely and reasonably made with due regard for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture.
Page 21 - Within the limits of the city, town, or village in which said association is situated, if such establishment and operation are at the time expressly authorized to State banks by the law of the State in question ; and (2) at any point within the State in which said association is situated, if such establishment and operation are at the time authorized to State banks by the statute law of the State in question by language specifically granting such authority affirmatively and not merely by implication...
Page 41 - Notes, drafts and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...