Prohibited loans

No industrial loan institution shall make any loans directly or indirectly to its officers or directors or to any employee, nor make any loans on capital stock of its own issue. Acts 1941, No. 111, § 18; A.S.A. 1947, § 67-1018. No industrial loan institution shall make any loans directly or indirectly to its officers or directors or to any employee, nor make any loans on capital stock of its own issue. Acts 1941, No. 111, § 18; A.S.A. 1947, § 67-1018.