New Jersey § 17:9a-59
Full text of New Jersey New Jersey Statutes § 17:9a-59, with citation guidance and answers to common questions.
§ 17:9a-59.
No bank shall make a small business loan in a sum in excess of $50,000.00, nor shall
a bank make any such loan for the payment of which a small business concern will be
liable to it in any capacity, if the amount of such loan, exclusive of the interest
thereon, when added to the principal balances owing on all other small business loans
made by such bank for the payment of which such small business concern is liable in
any capacity, will, in the aggregate, exceed $50,000.00.
Frequently Asked Questions About New Jersey § 17:9a-59
What does New Jersey Statutes § 17:9a-59 cover?
Section 17:9a-59 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:9a-59?
A common citation format is "New Jersey Statutes § 17:9a-59" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:9a-59 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.