Mo. Rev. Stat. § 355.421: Loans, guarantees for directors, officers.
Where this section sits in the code
- Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
- Chapter 355 - Nonprofit Corporation Law
A corporation which qualifies for an exemption from federal income tax in accordance with U.S.C. 26 Sec. 501(c) may lend money to or guarantee the obligation of a director or officer of the corporation, provided that such loan does not exceed the lesser of twenty-five percent of the total assets of the corporation or two hundred and fifty thousand dollars.
Collected 2026-09-03T22:23:27Z. Source file · JSON