§ 7-6-32 Loans to directors prohibited.– No loans shall be made by a corporation to its directors. Any director whoassents to or participates in the making of any loan is liable to thecorporation for the amount of loan until its repayment.
§ 7-6-32 Loans to directors prohibited.– No loans shall be made by a corporation to its directors. Any director whoassents to or participates in the making of any loan is liable to thecorporation for the amount of loan until its repayment.
§ 7-6-32 Loans to directors prohibited.– No loans shall be made by a corporation to its directors. Any director whoassents to or participates in the making of any loan is liable to thecorporation for the amount of loan until its repayment.
