Assets or other funds shall not be loaned directly or indirectly to an officer, director, or employee of the association, or directly or indirectly to a relative of an officer, director, or employee of the association. 95 Acts, ch 185, §36
Iowa Code § 518A.51, under STATE MUTUAL INSURANCE ASSOCIATIONS.
Iowa Code § 518A.51
Assets or other funds shall not be loaned directly or indirectly to an officer, director, or employee of the association, or directly or indirectly to a relative of an officer, director, or employee of the association. 95 Acts, ch 185, §36