{"data":{"id":"us-ak/as-10.20.141","jurisdiction":"us-ak","citation":"AS 10.20.141","heading":"Loans to directors and officers prohibited.","body":"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.","path":["Title 10. Corporations and Associations.","Chapter 20. Alaska Nonprofit Corporation Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#10.20.141","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:39Z","sha256":"b9dd65dd74cb2d0a4967175b664cf0476f3b413265f9c2720a4bd83126c4da3c","source_id":"us-ak","stale":false,"prev":"us-ak/as-10.20.136","next":"us-ak/as-10.20.146"},"notice":"GroundRules: Original legal text. Not legal advice."}