2005 Idaho Code - 30-3-82 — LOANS TO OR GUARANTEES FOR DIRECTORS AND OFFICERS

                                  TITLE  30
                                 CORPORATIONS
                                  CHAPTER 3
                       IDAHO NONPROFIT CORPORATION ACT
    30-3-82.  LOANS TO OR GUARANTEES FOR DIRECTORS AND OFFICERS. (1) Except
with regard to loan or guarantee programs available to all members, a
corporation may not lend money to or guarantee the obligation of a director or
officer of the corporation, provided that a cooperative corporation may lend
money to or guarantee the obligation of a director or officer with regard to
loan or guarantee programs available to all members.
    (2)  The fact that a loan or guarantee is made in violation of this
section does not affect the borrower's liability on the loan.