Bill Is a Member of the Board of Directors of Telmar

Bill is a member of the board of directors of Telmar Corp.He would like to have the corporation lend him some money so that he can begin another business venture.Which of the following is correct regarding loans of a corporation to one of its directors?

A) The Model Act does not permit a corporation to lend money to its directors without authorization in each instance by its shareholders.
B) The Sarbanes-Oxley Act prohibits any publicly held corporation from making personal loans to its directors, with limited exceptions.
C) Both the Model Act and the Revised Act prohibit loans to directors in all cases.
D) Both (a) and (b) are correct.