Current through Chapter 253 of the 2024 Legislative Session
Section 414D-151 - 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 shall not affect the borrower's liability on the loan. L 2001, c 105 , pt of §1 .