Amendment

This act, or any part thereof, may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a license hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower. History: 1953 Comp., § 48-17-54, enacted by Laws 1955, ch. 128, § 25.