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 companyor to a relative of an officer or director of a company. [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; 2015 Acts, ch 128, §50 – 52C2016, §515.23Referred to in §511.23 Sat Dec 23 00:46:39 2023 Iowa Code 2024, Section 515.23 (21, 0)
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