Arkansas Statutes
§ 4-28-220 — Loans to directors and officers prohibited
Arkansas § 4-28-220
JurisdictionArkansas
Title4
This text of Arkansas § 4-28-220 (Loans to directors and officers prohibited) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 4-28-220 (2026).
Text
(a)No loans shall be made by a corporation to its directors or officers.
(b)The directors of a corporation who vote for or assent to the making of a loan to a director or officer and any officers participating in the making of the loan shall be jointly and severally liable to the corporation for the amount of the loan until repayment thereof.
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Legislative History
Acts 1963, No. 176, § 9; A.S.A. 1947, § 64-1909.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-28-220, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-28-220.