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4-33-832. Loans to or guaranties for directors and officers.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-832. 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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-832
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-33-832
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2ddea768436e75c57ee84db2e143ad74cb1dd8b81581302160464cedb549797a
Source location: content.xml paragraph 23117
Stored source content
4-33-832. 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.
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