{"data":{"id":"us-nc/n.c.-gen.-stat.-55a-8-32","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55A-8-32","heading":"Loans to or guaranties for directors and officers.","body":"No loan, guaranty, or other form of security shall be made or provided by a corporation to or for the benefit of its directors or officers, except that loans, guaranties, or other forms of security may be made to full-time employees of the corporation who are also directors or officers by action of its board of directors in accordance with G.S. 55A-8-31(a)(1). (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 17; 1993, c. 398, s. 1.)","path":["Chapter 55A North Carolina Nonprofit Corporation Act.","Article 8. Directors and Officers.","Part 3. Standards of Conduct."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55A/GS_55A-8-32.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:02Z","sha256":"d1895bc6e630494636ece8f7260bdc2ee8469bf667628fd027abe100e9d46bfc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55a-8-31","next":"us-nc/n.c.-gen.-stat.-55a-8-33"},"notice":"GroundRules: Original legal text. Not legal advice."}