There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 17 - Corporations And Institutions For Finance And Insurance
Section 17:9A-59.34 - Use Of Proceeds For Repayment Of Other Loan
NJ Rev Stat § 17:9A-59.34 (2016) What's This?
17:9A-59.34. Use of proceeds for repayment of other loan
Nothing in this act shall prevent a bank from making a small business loan, the proceeds of which will be applied in whole or in part to the repayment at or before final maturity of a loan theretofore made under the provisions of this act or otherwise.
L.1964, c. 162, s. 10.
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