Nebraska Statutes

§ 21-1988 — Loans to or guaranties for directors and officers

Nebraska·Ch. 21 Corporations and Other Companies
(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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Nebraska § 21-1988 (Loans to or guaranties for directors and officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1996, LB 681, § 88.

Nearby Sections

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