Section 17:52-21 - Loans prohibited

NJ Rev Stat § 17:52-21 (2019) (N/A)
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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.