A trust company may take, receive, reserve and charge on every loan and deposit made, or upon any note, bill of exchange or other evidence of debt, interest at such rate, as shall not be in violation of law; and such interest may be taken in advance, reckoning the days for which the note, bills or evidence of debt has to run.
History —Apr. 23, 1928, No. 40, p. 234, § 21, eff. 90 days after Apr. 23, 1928.