Texas Statutes
§ 22.225 — LOAN TO DIRECTOR PROHIBITED.
Texas § 22.225
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 22.225 (LOAN TO DIRECTOR PROHIBITED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 22.225 (2026).
Text
Sec. 22.225. LOAN TO DIRECTOR PROHIBITED.
(a)A corporation may not make a loan to a director.
(b)The directors of a corporation who vote for or assent to the making of a loan to a director, and any officer who participates in making the loan, are jointly and severally liable to the corporation for the amount of the loan until the loan is repaid.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 22.001
DEFINITIONS.§ 22.051
GENERAL PURPOSES.§ 22.053
DIVIDENDS PROHIBITED.§ 22.056
HEALTH ORGANIZATION CORPORATION.§ 22.102
BYLAWS.§ 22.104
ORGANIZATION MEETING.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 22.225, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/22.225.