Business development corporation not deemed banking institution

N.J.S.A. 17:52-25, under Chapter 52.

N.J.S.A. 17:52-25

17:52-25. Business development corporation not deemed banking institution

No business development corporation shall be deemed to be a banking institution for any purpose whatsoever, nor shall any such corporation accept deposits or act in a fiduciary capacity. L.1957, c. 218, p. 763, s. 25.