Arkansas Code § 23-36-101 - Definition

As used in this chapter, unless the context otherwise requires, "industrial loan institution" means any corporation organized under the general corporation laws of this state, which is engaged in lending money, to be paid in weekly, monthly, or other periodical installments or principal sums, as a business. However, this definition shall not be construed to include building and loan associations, commercial banks or savings banks, trust companies, credit unions, pawnbrokers, agricultural or livestock pools, rural credit unions, or farmers cooperative societies.

Section: 23-36-102  23-36-103  23-36-104  23-36-105  23-36-106  23-36-107  23-36-108  23-36-109  23-36-110  23-36-111  23-36-112  23-36-113  23-36-114  23-36-115  Next

Last modified: November 15, 2016