Sec. 53-391. Advances of money or property to be used in extortionate extension of credit.
Sec. 53-391. Advances of money or property to be used in extortionate extension of credit. Any person who wilfully advances money or property, whether as a gift,
as a loan, as an investment, pursuant to a partnership or profit sharing agreement, or
otherwise, to any person, with reasonable grounds to believe that it is the intention of
such person to use the money or property so advanced directly or indirectly for the
purpose of making extortionate extensions of credit, shall be guilty of a class B felony
and fined not more than ten thousand dollars or an amount not exceeding twice the value
of the money or property so advanced, whichever is greater, or shall be imprisoned not
more than twenty years, or both.
(1971, P.A. 239, S. 3.)