§ 9-916. Indemnification prohibition

Latest version.

Notwithstanding any provision of law, a savings and loan association, holding company, or subsidiary may not indemnify any person who is fined under any criminal penalty provision of this title or Title 8 of this article or subject to any civil penalty under this title or Title 8 of this article.

HISTORY: 1986, ch. 282; 2003, ch. 21, § 7.

                    
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