198 Quasi-loans to directors: requirement of members' approval
Companies Act 2006 (2006 c 46) | Legislation

198  Quasi-loans to directors: requirement of members' approval

(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 quasi-loan to a director of the company or of its holding company, or

(b)     give a guarantee or provide security in connection with a quasi-loan made

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