Loans to or guaranties for directors and officers

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Corporations and Associations
  5. The Arkansas Nonprofit Corporation Act of 1993
  6. Directors and Officers
  7. Standards of Conduct
  8. Loans to or guaranties for directors and officers

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  1. (a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation.

  2. (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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