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2014 Kentucky Revised Statutes
CHAPTER 273 - RELIGIOUS, CHARITABLE, AND EDUCATIONAL SOCIETIES -- NONSTOCK, NONPROFIT CORPORATIONS
273.241 Loans to directors and officers prohibited.

KY Rev Stat § 273.241 (2014) What's This?

Download as PDF 273.241 Loans to directors and officers prohibited. No loans shall be made by a corporation to its directors or officers. Any director or officer who assents to or participates in the making of any such loan shall be liable to the corporation for the amount of such loan until the repayment thereof. History: Created 1968 Ky. Acts ch. 165, sec. 26.

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