(a) A corporation may not lend money to or guaranty the obligation of a director or officer of the corporation. (b) The fact that a loan or guaranty is made in violation of this section does not affect the borrower's liability on the loan.
Loans to or guaranties for directors and officers.
Neb. Rev. Stat. § 21-1988 — under CORPORATIONS AND OTHER COMPANIES.
Neb. Rev. Stat. § 21-1988