Sec. 21-39. License required. Loans on intangible property excepted.
Sec. 21-39. License required. Loans on intangible property excepted. No person, corporation, limited liability company or partnership shall, in any city or town of
this state, engage in or carry on the business of loaning money upon deposits or pledges
of wearing apparel, jewelry, ornaments, household goods or other personal property,
or of purchasing such property on condition of selling the same back again at a stipulated
price, unless such person, corporation, limited liability company or partnership is licensed as a pawnbroker; but the provisions of this chapter shall apply only if such
property is deposited with a lender, and shall not apply to loans made upon stock, bonds,
notes or other written or printed evidence of ownership of property or of indebtedness
to the holder or owner of any such securities.
(1949 Rev., S. 4663; P.A. 97-164, S. 1.)
History: P.A. 97-164 added references to "limited liability company".
Cited. 201 C. 89.