New Jersey § 14A:6-11 Loans to directors, officers or employees

New Jersey Statutes

§ 14A:6-11 — Loans to directors, officers or employees

New Jersey § 14A:6-11

Title 14ACORPORATIONS, GENERAL

This text of New Jersey § 14A:6-11 (Loans to directors, officers or employees) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 14A:6-11 (2026).

Text

A corporation may lend money to, or guarantee any obligation of, or otherwise assist, any director, officer or employee of the corporation or of any subsidiary, whenever, in the judgment of the directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation. The loan, guarantee or other assistance may be made with or without interest, and may be unsecured, or secured in such manner as the board shall approve, including, without limitation, a pledge of shares of the corporation, and may be made upon such other terms and conditions as the board may determine. L.1968, c.350; amended 1973,c.366,s.26; 1988,c.94,s.32.

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A corporation may lend money to, or guarantee any obligation of, or otherwise assist, any director, officer or employee of the corporation or of any subsidiary, whenever, in the judgment of the directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation. The loan, guarantee or other assistance may be made with or without interest, and may be unsecured, or secured in such manner as the board shall approve, including, without limitation, a pledge of shares of the corporation, and may be made upon such other terms and conditions as the board may determine. L.1968, c.350; amended 1973,c.366,s.26; 1988,c.94,s.32.