New Jersey Statutes
§ 17:52-21 — Loans prohibited
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 17:52-21 (Loans prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17:52-10
Concurrence by banking advisory board§ 17:52-11
Beginning of corporate existence§ 17:52-12
Powers§ 17:52-13
Directors§ 17:52-14
Members; qualifications§ 17:52-15
Members; obligations§ 17:52-16
Members; termination of membership§ 17:52-18
Banks and trust companies; powers§ 17:52-19
Other corporations; powers§ 17:52-20
Limitations on indebtedness§ 17:52-21
Loans prohibited§ 17:52-22
Reports