Section 200(2)

A company to which this section applies may not— unless the transaction has been approved by a resolution of the members of the company. make a loan or quasi-loan to a person connected with a director of the company or of its holding company, or 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,

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Source: legislation.gov.uk · retrieved 2026-09-04