§ 47-24-101. Definition

“Equity participations” means loan transactions in which the lender, in addition to interest and other amounts received pursuant to and rights resulting from the loan transaction, has the right, subject to § 47-24-102, to participate in the borrower’s enterprise or venture to the extent described in a written agreement between the lender and the borrower, […]

§ 47-24-102. Nature of Transaction

A lender has the right to participate in the borrower’s enterprise or venture to such extent as may be set forth in a written agreement between the lender and the borrower; provided, that the original principal amount of the funds advanced to the borrower pursuant to the loan transaction shall be not less than five […]