 | United States. Office of Commissioner of Internal Revenue - Taxation - 1901 - 380 pages
...paper. Section 3407 of the Revised Statutes defines a bank or a banker as " a place of business * * * where money is advanced or loaned on stocks, bonds,...promissory notes are received for discount or for sale." In construing this section, the Supreme Court, in Selden v. Equitable Trust Company (94 US, 419), holds... | |
 | Administrative law - 1978 - 780 pages
...States. Certified checks of State banks § 46.4882 are not notes within the meaning of section 4881(b). Clearinghouse certificates are not subject to the...circulation of any bank, association, corporation, compa ny, or person Is reduced to an amount not exceeding 5 percent of the chartered or declared capital... | |
 | Administrative law - 1974 - 676 pages
...notes used as circulating medium. § 46.4882 Statutory provisions; definition of hank or banker. Sw. 4882. DefinItion of bank or banker. Every Incorporated...banker. § 46.4883 Statutory provisions; exemptions. Sw. 4883. Exemptions—.(a) Circulation reduced to not over 5 percent of capital. Whenever the outstanding... | |
 | United States - Internal revenue law - 1949 - 592 pages
...penalty of $200, besides the additional penalty and forfeitures provided in other cases. SEC. 1905. DEFINITION OF BANK OR BANKER. Every incorporated or...sale, shall be regarded as a bank or as a banker. SEC. 1906. APPLICATION OF CHAPTER TO NATIONAL BANKS. The provisions of this chapter, relating to the... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1949 - 594 pages
...penalty of $200, besides the additional penalty and forfeitures provided in other cases. SEC. 1905. DEFINITION OF BANK OR BANKER. Every incorporated or...sale, shall be regarded as a bank or as a banker. SEC. 1906. APPLICATION OF CHAPTER TO NATIONAL BANKS. The provisions of this chapter, relating to the... | |
 | Administrative law - 1949 - 600 pages
...checks used in circulation — (a) Definition of a bank or banker. Section 1905, IRC, provides that: Every incorporated or other bank, and every person,...sale, shall be regarded as a bank or as a banker. (b) Tax on circulation. Section 1900 (a) , IRC, provides that there shall be levied, collected, and... | |
 | Administrative law - 1977 - 744 pages
...collection of money or currency, subject, to be paid or remitted upon draft, check, or order, or where monLj is advanced or loaned on stocks, bonds, bullion, bills...bank or as a banker. §46.4883 Statutory provisions; exemption». SEC. 4883. Exemptions— (a) Circulation reduced to not over 5 percent of capital Whenever... | |
 | United States. Supreme Court - Law reports, digests, etc - 1885 - 1206 pages
...not intended. The third class described by the statute comprises those who have a place of business where stocks, bonds, bullion, bills of exchange or...promissory notes are received for discount or for sale. The language is not " where stocks, bonds, etc., are sold, "or "are held for sale." Surely Congress... | |
 | United States. Supreme Court - Law reports, digests, etc - 1901 - 1148 pages
...not intended. The third class described by the statute comprises those who have a place of business where stocks, bonds, bullion, bills of exchange or...promissory notes are received for discount or for sale. The language is not "where stocks, bonds, etc., are sold," or "are held for sale." Surely Congress... | |
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Every incorporated or other bank, and every person, firm, or company having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced... 
