§ 18-15-105 — Financing extortionate extensions of credit

Any person who
knowingly advances money or property, whether as a gift, a loan, or an investment,
pursuant to a partnership or profit-sharing agreement, or otherwise, to any person,
with reasonable grounds to believe that it is the intention of the person to whom the
advance is made to use the money or property, directly or indirectly, for the purpose
of making an extortionate extension of credit, commits financing extortionate
extensions of credit, which is a class 5 felony.

Legislative History

Source: L. 72: p. 290, � 3. C.R.S. 1963: � 40-15-105. L. 89: Entire section amended, p. 843, � 104, effective July 1.