{"data":{"id":"us-al/ala.-code-10a-3a-8.33","jurisdiction":"us-al","citation":"Ala. Code § 10A-3A-8.33","heading":"Loans to or Guarantees for Directors and Officers.","body":"(a) A nonprofit corporation may not lend money to or guarantee the obligation of a director or officer of the nonprofit corporation.\n(b) The fact that a loan or guarantee is made in violation of this section does not affect the borrower’s liability on the loan.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 3A Alabama Nonprofit Corporation Law.","Article 8 Directors and Officers.","Division C Directors."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-3A-8.33","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:54Z","sha256":"0b8586609d26c54e94c32b891b0b0e6f3383f8aaf7b4eb9c9946c8755e5c7b61","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-3a-8.32","next":"us-al/ala.-code-10a-3a-8.40"},"notice":"GroundRules: Original legal text. Not legal advice."}