Section 52. Term "collateral loan broker", how to be construed  


Latest version.
  • The term
      "collateral loan broker" contained in this article shall be construed so
      as to include any person, partnership, or corporation: (1) loaning money
      on deposit or pledge of personal  property,  other  than  securities  or
      printed  evidences  of indebtedness; or (2) dealing in the purchasing of
      personal property on condition of selling back at a stipulated price; or
      (3) designated or doing business as furniture storage warehousemen,  and
      loaning  and advancing money upon goods, wares or merchandise pledged or
      deposited as collateral security.