N.J.S.A. 17:9A-59.34

Use of proceeds for repayment of other loan

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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This is the verbatim text of N.J.S.A. 17:9A-59.34, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.