17-5506

Chapter 17.--CORPORATIONS Article 55.--SAVINGS AND LOAN CODE; POWERS

17-5506. Loan contract to be embodied in note. Every loan shall be evidenced by a note for the amount of the loan. The note shall specify the amount, rate of interest, terms of repayment, and may contain all other terms of the loan contract.

History: L. 1943, ch. 133, § 84; L. 1947, ch. 188, § 2; April 7.