As used in this act, "loan" includes loans which are in amounts of $10,000.00 or more, and are payable on demand and are secured (a) by an interest in warehouse receipts, bills of lading, or other documents of title which are subject to chapter 7 of Title 12A of the New Jersey Statutes (the Uniform Commercial Code), or (b) by an interest in negotiable instruments or commercial paper which are subject to chapter 3 of Title 12A of the New Jersey Statutes, or (c) by an interest in stocks, bonds, certificates of deposit or other securities which are subject to chapter 8 of Title 12A of the New Jersey Statutes, or (d) by an interest in any combination of the foregoing.
L.1980, c. 183, s. 1, eff. Jan. 6, 1981.
Section: Previous 17-9a-24.3 17-9a-24.4 17-9a-24.5 17-9a-24.6 17-9a-24.7 17-9a-24.8 17-9a-24.9 17-9a-24.10 17-9a-24.11 17-9a-24.12 17-9a-24.13 17-9a-24.14 17-9a-25 17-9a-25.1 17-9a-25.2 Next
Last modified: October 11, 2016