                                 CODE OF VIRGINIA

OTHER INTERESTS AND PAYMENTS TO OFFICERS, DIRECTORS, ETC., PROHIBITED (§
38.2-211)

Except as provided in § 38.2-212, no officer or director of any company listed
in § 38.2-210 and transacting business in this Commonwealth shall receive,
directly, indirectly or through any substantial interest in any other
corporation, any compensation for negotiating, procuring, recommending, or
aiding in the purchase or sale of property by such company, or in obtaining any
loan from the company. No such officer or director shall be pecuniarily
interested, either as principal, agent, or beneficiary, in any such purchase,
sale or loan. No financial obligation of any such officer or director shall be
guaranteed by the company.

HISTORY: Code 1950, § 38-4.2; 1952, c. 317, § 38.1-34; 1978, c. 701; 1986, c.
562.