{"data":{"id":"us-tx/tex.-business-organizations-code-22.225","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 22.225","heading":"LOAN TO DIRECTOR PROHIBITED.","body":"(a) A corporation may not make a loan to a director.\n(b) The directors of a corporation who vote for or assent to the making of a loan to a director, and any officer who participates in making the loan, are jointly and severally liable to the corporation for the amount of the loan until the loan is repaid.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 22. NONPROFIT CORPORATIONS","SUBCHAPTER E. MANAGEMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm#22.225","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"5ab0294e0e63bcb033d9fef3970caaf668d1e45846e9de902390b8db40f550cf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-22.224","next":"us-tx/tex.-business-organizations-code-22.226"},"notice":"GroundRules: Original legal text. Not legal advice."}