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
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