Note
Part heading amended by L 1996, c 155, §4.
§412:5A-212 Improper discounting of loans. No officer, director, agent or employee of an international banking corporation shall directly or indirectly, as an individual, purchase any loan or other obligation at a discount, or make any loan using a receivable as collateral, when such person knows that the loan or other obligation has been offered to the corporation and has been refused. Any violation of this section shall subject the violator to a civil penalty equal to twice the amount of the consideration given for the loan. [L 1993, c 350, pt of §1]
Section: Previous 412-5a-205 412-5a-206 412-5a-207 412-5a-208 412-5a-209 412-5a-210 412-5a-211 412-5a-212 412-5a-213 412-5a-214 412-5a-300-to-316 412-6-100 412-6-101 412-6-200 412-6-201 NextLast modified: October 27, 2016