That link details a case about a loan. I was restr
Post# of 15187
Posted On: 05/28/2016 1:46:55 AM
That link details a case about a loan. I was restricting my research to convertible notes since that's what seems to apply here. But I appreciate the link and it's an example of how contradictory the info is. You can study this stuff for 10 years and still have no clue how a judge would rule in this case.
"Defendant's contention that this court must declare the loan void as a matter of law is without merit. There is no specific statutory authority for voiding a loan that violates the criminal usury statute"
"Defendant's contention that this court must declare the loan void as a matter of law is without merit. There is no specific statutory authority for voiding a loan that violates the criminal usury statute"
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