No industrial loan institution shall make any loans directly or indirectly to its officers or directors or to any employee, nor make any loans on capital stock of its own issue.
Ark. Code Ann. § 23-36-111
Prohibited loans
Acts 1941, No. 111, § 18; A.S.A. 1947, § 67-1018.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.