17-6106.   Banking power denied.(a) Unless authority is expressly conferred by another law of thisstate, no corporation shall possess the power of issuing bills, notes orother evidences of debt for circulation as money, or the power ofcarrying on the business of receiving deposits of money.

      (b)   Corporations organized to buy, sell and otherwise deal in notes,open accounts and other similar evidences of debt, or to loan money andto take notes, open accounts and other similar evidences of debt ascollateral security therefor, shall not be deemed to be engaging in thebusiness of banking.

      History:   L. 1972, ch. 52, § 16; July 1.