Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 143 — Delaware Law | CourtGPT
  1. Home/
  2. Laws/
  3. Delaware/
  4. Title 8 - Corporations/
  5. Chapter 1 - General Corporation Lawsub/
  6. Subchapter IV - Directors and Officers§ 142. Officers; Titles, Duties, Selection, Term; Failure to Elect; Vacancies/
  7. § 143
Delaware Legal Code

§ 143

Ask AI about this
Any corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiary, including any officer or employee who is a director of the corporation or its subsidiary, whenever, in the judgment of the directors, such loan, guaranty or assistance may reasonably be expected to benefit the corporation. The loan, guaranty or other assistance may be with or without interest, and may be unsecured, or secured in such manner as the board of directors shall approve, including, without limitation, a pledge of shares of stock of the corporation. Nothing in this section contained shall be deemed to deny, limit or restrict the powers of guaranty or warranty of any corporation at common law or under any statute.8 Del. C. 1953, § 143; 56 Del. Laws, c. 50.;