No industrial loan institution shall make any loans directly or indirectly to its officers or directors or to any employee, nor make any loans on capital stock of its own issue.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 36 - Industrial Loan Institutions
§ 23-36-105. Supervision by Bank Commissioner
§ 23-36-106. Statement on call
§ 23-36-107. Examinations and fees
§ 23-36-110. Loans insured by federal government
§ 23-36-112. Late charge for default in payment
§ 23-36-116. Authority of Bank Commissioner to take charge
§ 23-36-117. Classification of creditors — Payment of claims