Iowa Code 508.7 – Loans to officers
Current as of: 2024 | Check for updates
|
Other versions
508.7 Loans to officers.
Except as permitted in sections 508.8 and 508.8A, the capital or other funds shall not be loaned directly or indirectly to an officer, director, stockholder, or employee of the company or directly or indirectly to a relative of an officer or director of the company.
[C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8649; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77,
79, 81, §508.7; 81 Acts, ch 166, §1]
91 Acts, ch 213, §4
Except as permitted in sections 508.8 and 508.8A, the capital or other funds shall not be loaned directly or indirectly to an officer, director, stockholder, or employee of the company or directly or indirectly to a relative of an officer or director of the company.
[C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8649; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77,
79, 81, §508.7; 81 Acts, ch 166, §1]
91 Acts, ch 213, §4