{"data":{"id":"us-ar/ark.-code-ann.-4-33-832","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-33-832","heading":"Loans to or guaranties for directors and officers.","body":"(a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation.\n(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.","path":["Title 4 Business and Commercial Law","Subtitle 3. Corporations and Associations","Chapter 33 The Arkansas Nonprofit Corporation Act of 1993","Subchapter 8 — Directors and Officers","Part C — Standards of Conduct"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:07:03Z","sha256":"dc844659c9c15df0498b7c7ce99582eebee263c33ca886976f52caacecb7f66d","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-33-831","next":"us-ar/ark.-code-ann.-4-33-833"},"notice":"GroundRules: Original legal text. Not legal advice."}