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.

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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

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