New Jersey Statutes
§ 17:52-25 — Business development corporation not deemed banking institution
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
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.
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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