Sec. 37-1a. Payment of interest on commercial loans in excess of ten thousand dollars.
Sec. 37-1a. Payment of interest on commercial loans in excess of ten thousand
dollars. On any loan in excess of ten thousand dollars made to any person, corporation,
partnership or association engaged in commercial, manufacturing, industrial or nonconsumer pursuits the loan agreement may provide for the interest to be either paid currently
or to accrue, and, if such interest is to accrue, such accrued interest may be added to the
principal of the debt on which interest may be charged and collected.
(P.A. 83-225.)