GroundRules
AS 10.20.141: Loans to directors and officers prohibited.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 20. Alaska Nonprofit Corporation Act.
A corporation may not make loans to its directors or officers. A director or officer who assents to or participates in the making of such a loan shall be liable to the corporation for the amount of the loan until its repayment.
Collected 2026-09-02T06:16:39Z. Source file · JSON