Black-Clawson Co. v. Evatt

Appellant seeks a construction of Section 5327, General Code, which would ignore the amendment effective when these instant cases arose. Section 5327 was amended in 115 Ohio Laws, 553, effective July 18, 1933. As to the purpose of this amendment, I agree with the comment of the editor of Page’s Ohio General Code in annotating this section, to wit :

‘‘ The definition of credits by the amendment to this section has been revised so as to narrow its scope as to business accounts, also, to eliminate a certain overlapping with investments under certain circumstances and, further, to prevent…