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Code · New Jersey · Title 17 — Notice and Publication · Chapter 52

17:52-21. Loans prohibited

51 words·~1 min read·/nj/title-17/chapter-52/17-52-21

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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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