201 Credit transactions: requirement of members' approval
201 Credit transactions: 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)     enter into a credit transaction as creditor for the benefit of a director of the company or of its holding company, or a person connected with such a director, or

(b)     give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of such a director, or a person connected with such a director,

unless the transaction (that

226 . . .

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