New York § 52 Term "collateral loan broker", how to be construed

New York Statutes

§ 52 — Term "collateral loan broker", how to be construed

New York·Law GBS General Business·Art. 5 Collateral Loan Brokers

§ 52. Term "collateral loan broker", how to be construed. The term\n"collateral loan broker" contained in this article shall be construed so\nas to include any person, partnership, or corporation:

(1)loaning money\non deposit or pledge of personal property, other than securities or\nprinted evidences of indebtedness; or (2) dealing in the purchasing of\npersonal property on condition of selling back at a stipulated price; or\n(3) designated or doing business as furniture storage warehousemen, and\nloaning and advancing money upon goods, wares or merchandise pledged or\ndeposited as collateral security.\n

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§ 52. Term "collateral loan broker", how to be construed. The term\n"collateral loan broker" contained in this article shall be construed so\nas to include any person, partnership, or corporation: (1) loaning money\non deposit or pledge of personal property, other than securities or\nprinted evidences of indebtedness; or (2) dealing in the purchasing of\npersonal property on condition of selling back at a stipulated price; or\n(3) designated or doing business as furniture storage warehousemen, and\nloaning and advancing money upon goods, wares or merchandise pledged or\ndeposited as collateral security.\n

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