§707-762 - Financing extortionate extensions of credit.
[§707-762] Financing extortionate
extensions of credit. "Financing extortionate extensions of
credit" includes wilfully advancing money or property, whether as a gift,
as a loan, as an investment, pursuant to a partnership or profit-sharing
agreement, or otherwise to any person, with reasonable grounds to believe that
it is the intention of that person to use the money or property so advanced
directly or indirectly for the purpose of making extortionate extensions of
credit. [L 1979, c 106, pt of §1]