Alaska § 10.20.141 - Loans to directors and officers prohibited.
Full text of Alaska Alaska Statutes § 10.20.141 — Loans to directors and officers prohibited., with citation guidance and answers to common questions.
§ 10.20.141. Loans to directors and officers prohibited.
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.
Article 2. Formation of Corporations.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 10.20.141
What does Alaska Statutes § 10.20.141 cover?
Section 10.20.141 ("Loans to directors and officers prohibited.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 10.20.141?
A common citation format is "Alaska Statutes § 10.20.141" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 10.20.141 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.