21-1988 Loans to or guaranties for directors and officers.

NE Code § 21-1988 (2019) (N/A)
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21-1988. Loans to or guaranties for directors and officers.

(a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation.

(b) The fact that a loan or guaranty is made in violation of this section does not affect the borrower's liability on the loan.

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