Nebraska Statutes

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

Nebraska § 21-1988
JurisdictionNebraska
Ch. 21Corporations and Other Companies

This text of Nebraska § 21-1988 (Loans to or guaranties for directors and officers) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Neb. Rev. Stat. § 21-1988 (2026).

Text

(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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Legislative History

Source: Laws 1996, LB 681, § 88.

Nearby Sections

15
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Bluebook (online)
Nebraska § 21-1988, Counsel Stack Legal Research, https://law.counselstack.com/statute/ne/21-1988.