Loans prohibited

N.J.S.A. 17:52-21, under Chapter 52.

N.J.S.A. 17:52-21

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.