§33-25-14. Advancement of money to corporation.
Any person may advance to such corporation any sums of money
necessary for its business or to enable it to comply with any
requirements of law. Such advances and such interest thereon not
exceeding six percent per annum, as may be agreed upon, shall not
be a liability or a claim against the corporation or any of its
assets, except as provided in this section and shall be
reimbursed only out of the surplus earnings of such corporation.
This section does not affect the power to borrow money which any
such corporation possesses under other laws. No commissions or
promotion expenses shall be paid by the corporation in connection
with the advance of any such money to the corporation. The
amount of any such advance that has not been repaid shall be
reported in each annual statement of the corporation.