Liability for loans to shareholders
100If a loan is made by the company to a shareholder in violation of the provisions of this Act, all directors and officers of the company making the loan or assenting thereto are, until repayment of the loan, jointly and severally liable to the company, and also to the creditors of the company, for all debts of the company then existing, or contracted between the time of the making of the loan and the repayment thereof, such liability however not to exceed the amount of the loan.