Chapter 10 - BUSINESS DEVELOPMENT CREDIT CORPORATIONS
- Section 47-10-1 - Purposes of corporations
- Section 47-10-2 - Powers of corporations
- Section 47-10-3 - Borrowing-Pledging security for borrowings
- Section 47-10-4 - Lending-Competition with lending institutions prohibited
- Section 47-10-5 - Terms and conditions of loans
- Section 47-10-6 - Purchase and sale of property
- Section 47-10-7 - Promotion of local development corporations
- Section 47-10-8 - Participation in federal programs
- Section 47-10-9 - Lending-Duty to give first opportunity to lending institution
- Section 47-10-10 - Incorporators
- Section 47-10-11 - Directors-Number and term of office
- Section 47-10-12 - Capitalization-Minimum capital before commencing business
- Section 47-10-13 - Accumulation of surplus-Use of surplus
- Section 47-10-14 - Persons authorized to hold common stock
- Section 47-10-15 - First annual meeting-Conditions-Subsequent annual meetings
- Section 47-10-16 - Classes of members-Stockholder members-Nonstockholder members
- Section 47-10-17 - Nonstockholder members-Establishment of line of credit
- Section 47-10-18 - Nonstockholder members-Duty to lend
- Section 47-10-19 - Nonstockholder members-Right to withdraw-Conditions
- Section 47-10-20 - Nonstockholder members-Liability for debts
- Section 47-10-21 - Nonstockholder members-Right to share in surplus
- Section 47-10-22 - Nonstockholder members-Payment before dissolution of corporation
- Section 47-10-23 - Legal investments
- Section 47-10-24 - Applicability of other laws