47 Pa. Stat. § 7-731

Current through Pa Acts 2024-35, 2024-56
Section 7-731 - Bank and trust companies and other persons

Bank and trust companies and other persons duly authorized within this Commonwealth to engage in the business of lending money to licensed distillers, rectifiers, importers and distillery certificate brokers may, without a permit required under the provisions of this act, accept distillery bonded warehouse certificates as security or collateral for any loan made in the regular conduct of their business, and such banks and trust companies and other persons may liquidate such security or collateral by sale only to licensed distillers, rectifiers, importers or distillery certificate brokers.

47 P.S. § 7-731

1951, April 12, P.L. 90, art. VII, § 731. Reenacted 1987, June 29, P.L. 32, No. 14, § 131, effective 7/1/1987.