17:9A-24.10. "Loan"
130 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-24-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this act, "loan" includes loans which are in amounts of $10,000.00 or more, and are payable on demand and are secured
(a)by an interest in warehouse receipts, bills of lading, or other documents of title which are subject to chapter 7 of Title 12A of the New Jersey Statutes (the Uniform Commercial Code), or
(b)by an interest in negotiable instruments or commercial paper which are subject to chapter 3 of Title 12A of the New Jersey Statutes, or
(c)by an interest in stocks, bonds, certificates of deposit or other securities which are subject to chapter 8 of Title 12A of the New Jersey Statutes, or
(d)by an interest in any combination of the foregoing.
L.1980, c. 183, s. 1, eff. Jan. 6, 1981.