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<h1>Loans to members: board-authorised credit and secured advances under articles; director-relative loans require member approval.</h1> The Board of a Producer Company may, subject to the articles, provide financial assistance to members by way of a short-term credit facility connected to company business or by loans and advances against security specified in the articles with defined repayment terms; loans or advances to a director or the director's relative require approval by the members in general meeting.