N.J.S.A 17:52-21. Loans prohibited

17:52-21. Loans prohibited

No business development corporation shall make a loan to any of its officers or directors, or to any partnership of which such an officer or director is a member, or to any corporation in which any such officer or director has a controlling interest.

L.1957, C.218, p. 761, s.21.


Look up case for New Jersey Statute 17:52-21. Loans prohibited

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 17:52-21. Loans prohibited

Previous: 17:52-20. Limitations on indebtedness Next: 17:52-22. Reports

Disclaimer: Always check for the most up to date language of a statute. Every time a new law is enacted it has a possibility of changing the wording of a statute or override case law. These pages were created to assist in looking up and migrating between statutes easily. No accuracy is guaranteed. If you need help with researching law, contact an attorney.

Related Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.