Pennsylvania § 2312 Limitations

Pennsylvania Statutes

§ 2312 — Limitations

Pennsylvania § 2312

Title 12COMMERCE AND TRADE

PartPART III

Ch. 23SMALL BUSINESS FIRST

This text of Pennsylvania § 2312 (Limitations) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 Pa. Cons. Stat. § 2312 (2026).

Text

No loans shall be recommended or approved if the proceeds of the loan could do any of the following:

(1)Cause, aid or assist directly in the relocation of any business operations from one part of this Commonwealth to another unless there is at least a 25% net increase in employment.

(2)Refinance any portion of the total cost of a capital development project, pollution prevention infrastructure or other existing loans or debt.

(3)Finance a capital development project or pollution prevention infrastructure located outside the geographic boundaries of this Commonwealth.

(4)Provide funds, directly or directly, for payment distribution or as loan owners, partners or shareholders of a small business, except as ordinary compensation for services rendered.

(5)Provide funds for speculatio

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No loans shall be recommended or approved if the proceeds of the loan could do any of the following:

(1) Cause, aid or assist directly in the relocation of any business operations from one part of this Commonwealth to another unless there is at least a 25% net increase in employment.

(2) Refinance any portion of the total cost of a capital development project, pollution prevention infrastructure or other existing loans or debt.

(3) Finance a capital development project or pollution prevention infrastructure located outside the geographic boundaries of this Commonwealth.

(4) Provide funds, directly or directly, for payment distribution or as loan owners, partners or shareholders of a small business, except as ordinary compensation for services rendered.

(5) Provide funds for speculation in real or personal property, whether tangible or intangible.