New Jersey § 34:1b-98
Full text of New Jersey New Jersey Statutes § 34:1b-98, with citation guidance and answers to common questions.
§ 34:1b-98.
a. The company shall have as its purpose the making of loans and loan guarantees to
small or medium-sized businesses to assist in their export activities. Such loans and loan guarantees shall include, but not be limited to, pre-export
financing and working capital loans. The criteria for the making of loans and loan guarantees shall be “transaction”
based, that is to say, based upon the project in question rather than upon the assets
which the business receiving the loan or loan guarantee possesses. b. The company shall also have as its purpose the providing of other export-related
services as its board may from time to time approve. c. The company shall also have as an authorized purpose the entering into agreements
with financial institutions, to the extent feasible, in order to assist in the making
of loans and loan guarantees by the company and in the perfecting of related matters. d. The company shall actively solicit, to the extent feasible, the involvement of
private banks, other lending institutions and the private insurance market to assist
the company in the lending process and in providing the export-related services required
by small or medium-sized businesses.
Frequently Asked Questions About New Jersey § 34:1b-98
What does New Jersey Statutes § 34:1b-98 cover?
Section 34:1b-98 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 § 34:1b-98?
A common citation format is "New Jersey Statutes § 34:1b-98" (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 § 34:1b-98 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.