273.241 Loans to directors and officers prohibited.

KY Rev Stat § 273.241 (2019) (N/A)
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273.241 Loans to directors and officers prohibited. No loans shall be made by a corporation to its directors or officers. Any director or officer who assents to or participates in the making of any such loan shall be liable to the corporation for the amount of such loan until the repayment thereof. History: Created 1968 Ky. Acts ch. 165, sec. 26.