Part X U.K. Enforcement of Fair Dealing by Directors

Restrictions on a company’s power to make loans, etc., to directors and persons connected with them E+W+S

336 Transactions at behest of holding company. E+W+S

The following transactions are excepted from the prohibitions of section 330—

(a) a loan or quasi-loan by a company to its holding company, or a company entering into a guarantee or providing any security in connection with a loan or quasi-loan made by any person to its holding company;

(b) a company entering into a credit transaction as creditor for its holding company, or entering into a guarantee or providing any security in connection with a credit transaction made by any other person for its holding company.