C5Part 10A company's directors

Annotations:
Modifications etc. (not altering text)

Chapter 4Transactions with directors requiring approval of members

Loans, quasi-loans and credit transactions

I1C4C6208C1C2C3Exceptions for intra-group transactions

1

Approval is not required under section 197, 198 or 200 for—

a

the making of a loan or quasi-loan to an associated body corporate, or

b

the giving of a guarantee or provision of security in connection with a loan or quasi-loan made to an associated body corporate.

2

Approval is not required under section 201—

a

to enter into a credit transaction as creditor for the benefit of an associated body corporate, or

b

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.