508.7 Loans to officers. Except as permitted in sections 508.8 and 508.8A, the capital or other funds shall not be loaned directly or indirectly to an officer, director, stockholder, or employee of the companyor directly or indirectly to a relative of an officer or director of the company. [C73, §1162; C97, §1769; C24, 27, 31, 35, 39, §8649; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §508.7; 81 Acts, ch 166, §1] 91 Acts, ch 213, §4 Sat Dec 23 00:40:27 2023 Iowa Code 2024, Section 508.7 (17, 0)
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