Act 6 Borrowing Companies Act, 1969 PART III - FINANCIAL
Section 21. Loans to directors prohibited.
(1) A licensed borrowing company shall not lend any money or grant any advance or credit facility to any of its directors.
(2) For the purposes of this section and section 23 a "director" shall be deemed to include the wife, husband, father, mother, son or daughter of a director.
