s 43
In forceLoans to directors, &c.
Part IIIState Assistance to Business Undertakings
43 Loans to directors, &c.
TDR shall not, whether directly or indirectly, make a loan to – a director or the spouse or partner of a director; or a company, where a director or the spouse or partner of a director has, or both of them have, a direct or indirect beneficial interest in shares in the company, the nominal value of which is not less than 10 per cent of the nominal value of the issued share capital of the company.
In this section,partner means the person with whom a director is in a personal relationship, within the meaning of the Relationships Act 2003.
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