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Code · Nebraska · Chapter 21 — Corporations and Other Companies

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

44 words·~1 min read·/ne/chapter-21/21-1988

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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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