Restrictions on corporate loans; borrower’s liability.

Miss. Code Ann. § 79-11-282
in effect
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A corporation may not lend money to or guarantee the obligation of a director or officer of the corporation. The fact that a loan or guarantee is made in violation of this section does not affect the borrower’s liability on the loan.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.79.htmlFetched: 10/18/2026

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