17:9A-59.34. Use of proceeds for repayment of other loan
52 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-59-34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing in this act shall prevent a bank from making a small business loan, the proceeds of which will be applied in whole or in part to the repayment at or before final maturity of a loan theretofore made under the provisions of this act or otherwise.
L.1964, c. 162, s. 10.