§19-26-1  Businesses subject to chapter. –

Published: 2015

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Financial institutions



SECTION 19-26-1

   § 19-26-1  Businesses subject to chapter.


Every person, partnership, or corporation, except a national bank or bank or

trust company duly incorporated under the laws of this state, engaged in the

business of loaning money on the security of a deposit of any personal property

other than choses in action, whether or not a note or other evidence of

indebtedness be given by the borrower, shall be deemed to be carrying on the

business of a pawnbroker, within the meaning of this chapter, and shall be

subject to all the provisions contained in this chapter.

History of Section.

(G.L. 1896, ch. 105, § 17; P.L. 1909, ch. 435, § 5; G.L. 1923, ch.

131, § 17; G.L. 1938, ch. 364, § 17; G.L. 1956, §