Section 5-18-22
Modification, amendment or repeal of chapter.
This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.
(Acts 1959, No. 374, p. 966, §20.)