{"data":{"id":"us-vt/11b-v.s.a.-8.32","jurisdiction":"us-vt","citation":"11B V.S.A. § 8.32","heading":"Loans to or guarantees for directors and officers","body":"(a) A corporation may not lend money to or guarantee the obligation of a director or officer of the 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 11B: Nonprofit Corporations","Chapter 008: Directors and Officers","Subchapter 003: STANDARD OF CONDUCT"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/11B/008","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:15:57Z","sha256":"171147f7df8a2ad33f74ee4b7990530ba664407406050adc3e25f1c232862516","source_id":"us-vt","stale":false,"prev":"us-vt/11b-v.s.a.-8.31","next":"us-vt/11b-v.s.a.-8.33"},"notice":"GroundRules: Original legal text. Not legal advice."}