1995 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 4A - AMVETS (AMERICAN VETERANS OF WORLD WAR II, KOREA, AND VIETNAM)
Sec. 67o - Loans to officers; liability of officers
View Metadata| Publication 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 4A - AMVETS (AMERICAN VETERANS OF WORLD WAR II, KOREA, AND VIETNAM) Sec. 67o - Loans to officers; liability of officers |
| Contains | section 67o |
| Date | 1995 |
| Laws in Effect as of Date | January 16, 1996 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | July 23, 1947, ch. 298, §16, 61 Stat. 408. |
| Statutes at Large Reference | 61 Stat. 408 |
§67o. Loans to officers; liability of officers
No loan shall be made by the corporation to its officers or directors, or any of them, and any directors of the corporation who vote for or assent to the making of a loan or advance to an officer or director of the corporation, and any officer or officers participating in the making of any such loan or advance, shall be jointly and severally liable to the corporation for the amount of such loan until the repayment thereof.
(July 23, 1947, ch. 298, §16, 61 Stat. 408.)
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