Bank Acceptances Secured By Warehouse Receipts
Description
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.
Bank Acceptances Secured By Warehouse Receipts
Acceptances By Member Banks
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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