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" ... follows: If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the... "
Journal of the Senate of the State of Michigan - Página 929
por Michigan. Legislature. Senate - 1921
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Public and Local Acts of the Legislature of the State of Michigan

Michigan - 1921 - 982 páginas
...the effective rate of interest at which the purchase was made: Provided, That the pur- Proviso, chase price shall in no case be taken at a higher figure...actual market value at the time of purchase : And pro- Further tided further, That the Commissioner of Insurance shall have provlsofull discretion in...
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Acts and Laws of the Commonwealth of Massachusetts

Massachusetts - 1921 - 1130 páginas
...interest at which the purchase was made; provided that the purchase price shall in no case Provisos. be taken at a higher figure than the actual market...purchase, and provided, further, that the commissioner shall have full discretion in determining the method of calculating values according to the foregoing...
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Acts of the General Assembly of the Commonwealth of Kentucky, Passed

Kentucky - 1922 - 562 páginas
...and so as to yield in the meantime the effective rate of interest at which the purchase was made ; provided that the purchase price shall in no case...calculating values according to the foregoing rule." Approved February 24, 1922. CHAPTER 6. AN ACT to assist disabled ex-service .men and women In obtaining...
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Acts of the State of Ohio

Ohio - 1923 - 728 páginas
...maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided that the purchase price shall in no case...time of purchase; and, provided further, that the superintendent of insurance shall have full discretion in determining the method of calculating values...
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The Civil Code of the State of California: In Four Divisions, Compiled from ...

California - 1923 - 588 páginas
...to par at maturity and so as to yield the effective rate of interest at which the purchase was made; provided, that the purchase price shall in no case...time of purchase; and provided, further, that the insurance commissioner shall have full discretion in determining the method of calculating values according...
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General Laws of the State of Kansas

Kansas - 1927 - 684 páginas
...maturity and so as to yield in the meantime the effective rate of interest at which the purchase Was made: Provided, That the purchase price shall in no case...calculating values according to the foregoing rule. SEC. 40-230. All securities deposited pursuant to the provisions of this code shall be deposited with...
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The Civil Code of the State of California ...: The State Civil Code, Adopted ...

California - 1927 - 690 páginas
...to par at maturity and so as to yield the effective rate of interest at which the purchase was made; provided, that the purchase price shall in no case...time of purchase; and provided, further, that the insurance commissioner shall have full discretion in determining the method of calculating values according...
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Wisconsin Session Laws

Wisconsin - 1933 - 1358 páginas
...and ^o as to yield in the meantime the effective rate of interest at which the purchase was made ; provided that the purchase price shall in no case...calculating values according to the foregoing rule, and the values found by him in accordance with such method shall be final and binding, provided, also,...
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Proceedings of the Joint Sessions of the Bar Associations of Arkansas and ...

Bar Association of Arkansas - 1928 - 662 páginas
...maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided, that the purchase price shall in no case...than the actual market value at the time of purchase. The Commissioner of Insurance shall have full discretion in determining the method of calculating values...
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The Insurance Industry: Hearings Before the Subcommittee on Antitrust and ...

United States. Congress. Senate. Committee on the Judiciary - 1971 - 802 páginas
...maturity, and so as to yield meantime, the effective rate of interest at which the purchase was made; but the purchase price shall in no case be taken at a...the actual market value at the time of purchase; and the Superintendent has full discretion in determining the method of calculating values according to...
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