Directors who vote for or assent to the making of a loan to an officer or to a director of a corporation, or any officer or officers participating in the making of such loan, which loan is neither made in the usual course of the corporation's affairs nor made primarily for a legitimate purpose of the corporation, shall be jointly and severally liable to the corporation for the amount of such loan until the repayment thereof.(P.A. 96-256, S. 78, 209.)History: P.A. 96-256 effective January 1, 1997.
Connecticut Legal Code
§ 33.1106
Connecticut Title 33 — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_602.htm#sec_33-1106· Version 2026