Capital, surplus, funds, or other assets, or any part of any or all of the foregoing, shall not be directly or indirectly loaned to an officer, director, stockholder, or employee of a company or to a relative of an officer or director of a company.
[S13, § 1783-e; C24, 27, 31, 35, 39, § 8905; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.11]
88 Acts, ch 1112, § 401; 90 Acts, ch 1234, § 35
Referred to in § 511.23
Previous Section 515.10
Next Section 515.12
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Aug 16 21:03:56 CDT 2000
URL: /DOCS/IACODE/1999SUPPLEMENT/515/11.html
jhf