17-5516. Fees for procuring loan may not be paid to directors, officers or employees of association.

17-5516

Chapter 17.--CORPORATIONS
Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5516.   Fees for procuring loan may not be paid to directors, officers or employees of association. No director, officer, or employee of an association shall receive any fee or other compensation of any kind in connection with procuring any loan for an association, except for services actually rendered as above provided.

      History:   L. 1943, ch. 133, § 94; July 1.