{"data":{"id":"us-mo/mo.-rev.-stat.-355.421","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 355.421","heading":"Loans, guarantees for directors, officers.","body":"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.","path":["Title XXIII - CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS","Chapter 355 - Nonprofit Corporation Law"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=355.421","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:27Z","sha256":"2de3cf6e8c589a5e5affef17c373f49ac98156a3e04b25990acabe21a6aefc83","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-355.416","next":"us-mo/mo.-rev.-stat.-355.426"},"notice":"GroundRules: Original legal text. Not legal advice."}