1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 12 - RESERVE OFFICERS ASSOCIATION
Sec. 234 - Loans to officers; liability
View MetadataPublication Title | United States Code, 1994 Edition, Supplement 1, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES CHAPTER 12 - RESERVE OFFICERS ASSOCIATION Sec. 234 - Loans to officers; liability |
Contains | section 234 |
Date | 1995 |
Laws in Effect as of Date | January 16, 1996 |
Positive Law | No |
Disposition | standard |
Source Credit | June 30, 1950, ch. 431, §14, 64 Stat. 314. |
Statutes at Large Reference | 64 Stat. 314 |
§234. Loans to officers; liability
The corporation shall not make any loans to its officers or members of the national executive committee. Any member of the national executive committee who votes for or assents to the making of a loan or advance to an officer of the corporation, and any officer who participates in the making of such a loan or advance, shall be jointly and severally liable to the corporation for the amount of such loan until the repayment thereof.
(June 30, 1950, ch. 431, §14, 64 Stat. 314.)
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