Section 208

Approval is not required under section 197, 198 or 200 for— the making of a loan or quasi-loan to an associated body corporate, or the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate. Approval is not required under section 201— to enter into a credit transaction as creditor for the benefit of an associated body corporate, or to give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of an associated body corporate.

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