63-19-7 - Requirement of license.
§ 63-19-7. Requirement of license.
No person shall engage in the business of a sales finance company in this state without a license therefor as provided in this chapter. However, no bank, trust company, private banker, industrial bank or investment company authorized to do business in this state shall be required to obtain a license under this chapter. They shall, however, comply with all of the other provisions of this chapter.
Sources: Codes, 1942, § 8075-02; Laws, 1958, ch. 495, § 15, eff from and after 90 days after passage (approved April 22, 1958).