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2018 Alaska Statutes
Title 10. Corporations and Associations
Chapter 20. Alaska Nonprofit Corporation Act
Article 1. Substantive Provisions.
Sec. 10.20.141. Loans to directors and officers prohibited.
Universal Citation: AK Stat § 10.20.141 (2018)
A corporation may not make loans to its directors or officers. A director or officer who assents to or participates in the making of such a loan shall be liable to the corporation for the amount of the loan until its repayment.
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