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Bank Acceptances Secured By Warehouse Receipts |
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This section is from the book "Modern Banking; Commercial And Credit Paper", by Frederick Silver. Also available from Amazon: Modern banking; Commercial and credit paper.
Any member bank may accept drafts or bills of exchange drawn upon it which are secured at the time of acceptance by a warehouse receipt or other such document conveying or securing title covering readily marketable staples.
Opinions Of Counsel And Rulings
Relating to Bank Acceptances Secured by Warehouse Receipts
 
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