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Alaska Statutes Title 10. Corporations and Associations § 10.20.141. Loans to directors and officers prohibited

Current as of January 01, 2022 | Updated by FindLaw Staff

A corporation may not make loans to its directors or officers. A director or officer who assents to or participates in the making of such a loan shall be liable to the corporation for the amount of the loan until its repayment.

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Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.20.141. Loans to directors and officers prohibited - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-20-141/

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