R339-4-1. Authority, Scope and Purpose

(1) This rule is issued pursuant to Section 7-1-301(8) and 7-1-301(13). (2) This rule applies to all industrial loan corporations. (3) This rule construes, applies, and elaborates on Department of Financial Institutions Rule R331-5 as it applies to industrial loan corporations in the issuance of subordinated capital notes or debentures.