State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-1988

21-1988. Loans to or guaranties for directors and officers.(a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation.(b) The fact that a loan or guaranty is made in violation of this section does not affect the borrower's liability on the loan. SourceLaws 1996, LB 681, § 88.