State Affairs and Government

CHAPTER 42-64.25
Small Business Assistance Program

SECTION 42-64.25-9

§ 42-64.25-9. Termination.

Upon termination of a lending organization's participation in the program, the lending organization shall return to the commerce corporation, promptly after its demand therefor, an accounting of all program funds received by the lending organization, including a transfer of all currently outstanding loans that were made using program funds. Notwithstanding such termination, the lending organization shall remain liable to the commerce corporation with respect to any unpaid amount due from the lending organization pursuant to the terms of the commerce corporation's provision of funds to the lending organization.

History of Section.
(P.L. 2015, ch. 141, art. 19, § 8.)