§412:9-202  Prohibitions.  Except asotherwise expressly authorized by this chapter, a financial services loancompany shall not:

(1)  Employ its funds, directly or indirectly, intrade or commerce by buying or selling ordinary goods, chattels, wares, andmerchandise, or by owning or operating industrial or manufacturing plants ofany kind;

(2)  Issue commercial letters of credit;

(3)  Sell real estate, securities, or insurance; or

(4)  Engage in any activity requiring a charter as atrust company under article 8. [L 1993, c 350, pt of §1]