Iowa Code § 515.23

Current through March 29, 2024

Section 515.23 - Prohibited loans

Capital, surplus, funds, or other assets, or any part of any or all of the foregoing, shall not be directly or indirectly loaned to an officer, director, stockholder, or employee of a company or to a relative of an officer or director of a company.

Iowa Code § 515.23

88 Acts, ch 1112, §401; 90 Acts, ch 1234, §35; 2015 Acts, ch 128, §50 - 52

S13, §1783-e; C24, 27, 31, 35, 39, §8905; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.11 88 Acts, ch 1112, §401; 90 Acts, ch 1234, §35

Referred to in §511.23