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Section 8-1-3 – Receipt or Acknowledgment for Collateral Required.

Section 8-1-3 Receipt or acknowledgment for collateral required. (a) All banking, insurance and other corporations, private bankers, brokers and other persons engaged in the business of making discounts or lending money, or taking or receiving a collateral for a loan or discount, must give to the borrower, or to his agent or attorney, if demanded, […]

Section 8-1-4 – Reimbursement for Certain Federal Manufacturer’s Excise Taxes; Option to Tender Payment One Business Day Before Remittance Due to Internal Revenue Service; Notification and Security; Applicability.

Section 8-1-4 Reimbursement for certain federal manufacturer’s excise taxes; option to tender payment one business day before remittance due to Internal Revenue Service; notification and security; applicability. (a) A party to a contract required to reimburse another party to the contract for the federal manufacturer’s excise tax levied pursuant to Sections 4081 to 4083, inclusive, […]