200 Loans or quasi-loans to persons connected with directors: requirement of members' approval
200 Loans or quasi-loans to persons connected with directors: requirement of members' approval
Companies Act 2006 | Legislation

(1)     This section applies to a company if it is—

(a)     a public company, or

(b)     a company associated with a public company.

(2)     A company to which this section applies may not—

(a)     make a loan or quasi-loan to a person connected with a director of the company or of its holding company, or

(b)     give a guarantee or provide security in connection with a loan or quasi-loan made by any person to a person connected with such a director,

unless the transaction has been approved by a resolution of the members of the company.

(3)     If the connected person is

226 . . .

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