Alaska Statutes Sec. 10.20.141 - Loans to Directors and Officers Prohibited

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.

Section: Previous  10.20.076  10.20.081  10.20.086  10.20.091  10.20.096  10.20.101  10.20.106  10.20.111  10.20.116  10.20.121  10.20.126  10.20.131  10.20.136  10.20.141  

Last modified: November 15, 2016