Arkansas Statutes
§ 4-33-832 — Loans to or guaranties for directors and officers
Arkansas·Title 4
(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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Arkansas § 4-33-832 (Loans to or guaranties for directors and officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1993, No. 1147, § 832.
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
Presumptions