Section 7-4-11. Usury is personal defense; no collection from insolvent to prejudice of others

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Usury is a personal defense; but a creditor may not collect usurious interest from an insolvent debtor to the prejudice of other creditors.

Civil Code 1895, § 2878; Civil Code 1910, § 3428; Code 1933, § 57-103.

                    
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