Alaska Stat. § 10.20.141
This is the official text of Alaska Stat. § 10.20.141, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Loans to directors and officers prohibited.
Official statutory text
A corporation may not make loans to its directors or officers. A director or officer who assents to or participates in the making of such a loan shall be liable to the corporation for the amount of the loan until its repayment.
Status: in_force · Read it on the official government site
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