Legislation
SECTION 179-L
Provisions to control
State Finance (STF) CHAPTER 56, ARTICLE 11-A
§ 179-l. Provisions to control. No contract entered into after July
first, nineteen hundred eighty-four shall contain any provision
requiring the payment of interest in a manner inconsistent with this
article, and any provision contained in such contract which waives the
right to the payment of interest is hereby declared to be contrary to
public policy and wholly void.
first, nineteen hundred eighty-four shall contain any provision
requiring the payment of interest in a manner inconsistent with this
article, and any provision contained in such contract which waives the
right to the payment of interest is hereby declared to be contrary to
public policy and wholly void.