LOAN TO DIRECTOR PROHIBITED.
Tex. BUS. ORGS Code § 22.225.
in effect(a) A corporation may not make a loan to a director.
(b) The directors of a corporation who vote for or assent to the making of a loan to a director, and any officer who participates in making the loan, are jointly and severally liable to the corporation for the amount of the loan until the loan is repaid.