Alaska Stat. § 10.20.141
Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
A corporation may not make loans to its directors or officers. A director or officer who assents to or participates in the making of such a loan shall be liable to the corporation for the amount of the loan until its repayment.
AS 10.20.141